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FACTBOX-Major brokerages drop BoE March rate-cut call as inflation risks rise
March 16 (Reuters) - Major brokerages including Goldman Sachs and Morgan Stanley have pushed back expectations of a Bank of England rate cut, now seeing the central bank on hold in March as the U.S.-Israeli war on Iran drives up energy prices and inflation risks. J.P. Morgan on Tuesda...Reuters
Tue, Mar 17
Emerging markets: Energy shock risks and buffers – BNP Paribas
BNP Paribas argues emerging economies face a renewed stagflationary energy shock, but are not generally more vulnerable than in 2022. The bank highlights limited exchange rate depreciation, existing price-mitigation schemes, and stronger reserves.Fxstreet
Tue, Mar 17
ADP Employment Change 4-week average eases to 9K
Private-sector hiring in the US appears to have lost a bit of momentum toward the end of February. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of just 9K jobs per week in the four weeks through February 28.Fxstreet
Tue, Mar 17
Leaning heavily on tariffs blunts developing nations' industrial push, World Bank says
Developing countries target more industries than wealthy onesWorld Bank says tariffs dominate despite limited state capacityTargeted skills, policies outperform broad protectionismBy Colleen GokoJOHANNESBURG, March 17 (Reuters) - Developing countries are pursuing industrial policy more aggressively ...Reuters
Tue, Mar 17
US: Diesel prices have surged above $5 – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights U.S. diesel prices breaking above $5 per gallon for the first time since 2022, warning of pass‑through to transport and broader inflation and potential political risks into the U.S. midterms.Fxstreet
Tue, Mar 17
Aluminium: Chinese output above cap on price incentives – Commerzbank
Commerzbank's FX & Commodity Analyst Volkmar Baur reports that Chinese Aluminium production has risen nearly 3% year-on-year and is running above the government’s annualized cap, supported by higher Aluminium prices and redirected Alumina flows as the Strait of Hormuz remains blocked.Fxstreet
Tue, Mar 17
RPT-BREAKINGVIEWS-US chip export plan is faux-win-win
By Gabriel Rubin WASHINGTON, March 16 (Reuters Breakingviews) - The Trump administration wants to have its chips and sell them, too. The U.S. government has, for years now, tried to weigh restricting geopolitical rivals' access to advanced silicon with promoting domestic business interests. A...Reuters
Tue, Mar 17
Partial release of Germany's national oil reserve to occur in 'next few days,' says economy minister
BERLIN, March 17 (Reuters) - German Economy Minister Katherina Reiche said on Tuesday that the release of a part of Germany's national oil reserve would be finalised in the coming days."We will release part of the national oil reserve onto the markets in coordination with other OECD member s...Reuters
Tue, Mar 17
J.P. Morgan sees BoE staying on extended pause with next cut in 2027
March 17 (Reuters) - J.P.Morgan on Tuesday pushed back its forecast for the Bank of England's next interest rate cut to the first quarter of 2027, pointing to inflation pressures caused by higher energy prices.The brokerage had previously expected a 25‑basis-point cut each in April and June. J.P...Reuters
Tue, Mar 17
US 'transitory' inflation turns five and is still a big brat
Fed's rapid rate hikes aimed to control inflation despite risksInflation offsets income gains, hits less well-off hardestHigh mortgage rates shock consumers used to cheap loansBy Howard SchneiderWASHINGTON, March 17 (Reuters) - The worst U.S. inflation outbreak in a generation turns five years o...Reuters
Tue, Mar 17
CEE FX: Central banks comfortable waiting out shock – ING
ING’s Frantisek Taborsky highlights that Central and Eastern European FX and rates have seen some relief despite elevated energy prices. Regional central banks currently treat the Gulf-related energy spike as a supply shock and prefer to wait, with no case for hikes.Fxstreet
Tue, Mar 17
