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The market is expecting a solid jobs report for April. US non-farm payrolls are expected to expand by 138k, and the unemployment rate is expected to remain steady at 4.2%. Average hourly earnings are expected to nudge higher to 3.9% YoY, from 3.8%. This report is likely to suggest that the US labour

General trend - BOJ kept rates on hold but released a quarterly outlook that was decidedly dovish, with forecast cuts for both GDP and CPI this year and next. BOJ also released its first FY27/28 projections, forecasting both Core and Core-core CPI to be at or below target of 2.0%. 10-yr JGB yields -

Oil just got walloped again—WTI plunged over 4% to sub-$58, marking April’s worst monthly massacre since 2021 and setting up what could be the ugliest April on record. Then came the knockout punch: word that Riyadh’s throwing in the towel on defending price floors, briefing allies that it can “live

Oil prices edged lower in the early trading session today amid concerns that the US-led trade war will hurt energy demand, continuing the declines seen towards the end of yesterday, ING's commodity experts Ewa Manthey and Warren Patterson note. Downside risks for oil prices continue to persist "ICE

Higher German infrastructure spending will boost Europe's economic growth in the coming years — but not enough to outweigh the expected drag from U.S. tariffs, according to Alfred Kammer, director of the European department at the International Monetary Fund. The IMF last week cut its growth outlook

Following the US President's verbal attack on Federal Reserve Chairman Powell, the price of Gold reached a new record high of $3,500 per troy ounce. In euro terms, the precious metal has now also broken through the 3,000 mark, Commerzbank's commodity analyst Carsten Fritsch notes. Gold hits record h

USD/JPY continues to trade with a heavy bias as broad USD softness persists. Pair was last at 140.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Bias remains skewed to the downside "Top trade negotiator Akazawa said there was no discussion on FX during trade talks last week

On the radar Czechia will release producer prices at 9 AM CET. Slovakia and Serbia will publish February’s current account data today. In the afternoon, Poland will release core inflation in March. Economic developments The beginning of the year was rather weak for the industry sector across CEE. In

The ECB Bank Lending survey, conducted in March, shows tighter credit standards and weaker loan demand from firms in the first quarter of 2025. This translates into weak investment appetite, even ahead of trade and market turmoil. While loan growth has continued to steadily increase on the back of e