US stock futures slipped as oil jumped on Hormuz disruptions and Iran attacks, dampening Fed cut expectations.
Italy’s CPI rose 1.5% in February, below the 1.6% forecast, indicating slightly slower inflation.
Italy’s CPI rose 0.7% in February, missing the 0.8% forecast, signaling slightly softer inflation.
Italy’s EU-harmonised CPI increased 1.5% year-on-year in February, coming in slightly below the 1.6% forecast.
Italy’s EU-harmonised Consumer Price Index rose 0.5% in February, under the 0.6% forecast, month-on-month.
Hormuz disruptions strand 17 mb/d, cut Gulf refining, tighten diesel and jet markets, lifting global prices.
Gold holds above $5,000 as Middle East tensions and inflation fears clash with stronger dollar, Fed outlook.
USD/JPY slips below 160 as intervention fears rise, dollar momentum fades, and Japan warns bold action.
Rabobank expects Bank of Canada to hold 2.25% through year-end despite inflation, weak growth, oil shocks.
USD/CAD held near 1.3700 ahead of BoC and Fed decisions, as Middle East tensions lift inflation.
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