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Brazil central bank says rate-cut path uncertain, dependent on data
Cenbank flags rise in inflation expectations due to Iran conflictPre-conflict data showed cooling in consumer pricesEconomists split on April move sizeBy Marcela AyresBRASILIA, March 24 (Reuters) - Brazil's central bank said on Tuesday the magnitude and duration of its interest rate adjustments ...Reuters
Tue, Mar 24
Reeves says UK will help 'those who need it most' with energy support
LONDON, March 24 (Reuters) - British finance minister Rachel Reeves said on Tuesday that government support for households to offset the increase in energy costs caused by the conflict in the Middle East would not jeopardise her plans to repair the public finances."As we respond to this crisis, ...Reuters
Tue, Mar 24
EU: Australia trade deal underscores strategic pivot – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen notes that, against a backdrop of geopolitical risk, the EU is pushing to diversify its economic alliances, signing a free trade agreement with Australia after deals with Mercosur, India and Indonesia.Fxstreet
Tue, Mar 24
US fourth-quarter productivity growth revised sharply lower
WASHINGTON, March 24 (Reuters) - U.S. worker productivity growth slowed more than initially thought in the fourth quarter, government data showed, boosting growth in unit labor costs.Nonfarm productivity, which measures hourly output per worker, increased at a downwardly revised 1.8% annualized rate...Reuters
Tue, Mar 24
UK's Reeves to meet supermarkets, banks as consumers worry over Middle East conflict
LONDON, March 24 (Reuters) - British finance minister Rachel Reeves said she will hold meetings later this week with supermarkets and banks to discuss how they can support UK consumers at a time of concern over rising prices as a result of the Middle East conflict. "I am holding meetings wi...Reuters
Tue, Mar 24
Britain's FCA to publish motor finance redress plan on March 30
LONDON, March 24 (Reuters) - Britain's Financial Conduct Authority (FCA) will update the market on March 30 about a multi-billion pound redress package for millions of consumers affected by mis-sold motor finance, the regulator's chief executive said on Tuesday.Nikhil Rathi told a parliament...Reuters
Tue, Mar 24
FACTBOX-Who hurts most as Iran war hits global economy?
G7 economies face energy shock, inflation risksEmerging economies hit by oil price surge, remittance issuesGulf region impacted directly, may see economic contraction this yearBy Yoruk Bahceli and Marc Jones LONDON, March 24 (Reuters) - The Iran war, now in its fourth week, is creating a major cr...Reuters
Tue, Mar 24
ADP Employment Change 4-week average increases to 10K
Private-sector hiring in the US appears to have regained a bit of momentum early in March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 10K jobs per week in the four weeks through March 7.Fxstreet
Tue, Mar 24
ECB's Sleijpen: Energy prices likely to become entrenched more quickly than in 2022
European Central Bank policymaker Olaf Sleijpen said on Tuesday that the rising energy prices are likely to become entrenched in wider economy more quickly than they did during the 2022 energy crisis, as reported by Reuters.
Fxstreet
Tue, Mar 24
Euro zone economy close to stalling as war takes its toll
PMI tumbles to 10-month low on fallout from warPrice, delivery times take huge hitsGermany holds up better than FranceConsumer confidence also hitBy Jonathan Cable and Balazs Koranyi LONDON/FRANKFURT, March 24 (Reuters) - Euro zone private sector growth nearly stalled this month as inflation expe...Reuters
Tue, Mar 24
EUR/HUF: Forint outlook tied to oil and politics – Societe Generale
Societe Generale analysts say EUR/HUF’s February decline stalled near 374 before a sharp rebound toward 400, with the 50‑DMA at 383/381 acting as key support. They expect possible consolidation between 383 and 396, warning that a break below support could revive the broader downtrend.
Fxstreet
Tue, Mar 24
Euro area: War impact weighs on outlook – Commerzbank
Commerzbank’s Senior Economist Dr. Vincent Stamer notes that the Euro area composite PMI fell from 51.9 to 50.5 in March, with services weakening and manufacturing flattered by longer delivery times. He links this to the war in Iran, which is hurting expectations and lifting input prices.Fxstreet
Tue, Mar 24
Brazil central bank says rate-cut path uncertain, dependent on data
BRASILIA, March 24 (Reuters) - Brazil's central bank said on Tuesday that the magnitude and duration of its interest rate calibration will be determined over time, as new data feed into its assessments, after it delivered a 25-basis-point cut to 14.75% last week.In the minutes from its latest po...Reuters
Tue, Mar 24
GBP: Inflation stalling complicates BoE path – TD Securities
TD Securities’ Global Strategy Team expects UK inflation to hold at 3.0% year-on-year in February, in line with the Bank of England (BoE) and market consensus. Core CPI is seen steady at 3.1%, with services easing but core goods ticking higher.
Fxstreet
Tue, Mar 24
Bund yields near 15-year high as Middle East conflict fears linger
Investors cautious on Middle East developmentsPMI survey shows private sector growth stalls in MarchCurrent situation similar to the start of 2022 inflation shock, Citi economist saysBy Stefano Rebaudo March 24 (Reuters) - Euro zone benchmark Bund yields edged down from their highest levels in ne...Reuters
Tue, Mar 24
