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Home Banking GLOBAL & REGIONAL DAILY (Monday 1 April 2024)

GLOBAL & REGIONAL DAILY (Monday 1 April 2024)

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April 1, 2024                                                                                                                                                                                 

Global Markets

Fed Chair Jerome Powell reiterated that the central bank doesn’t need to rush to cut rates, despite February’s PCE print showing inflation cooling. In terms of today’s agenda, the key data release highlight is the ISM manufacturing PMI for the US.


The seasonally adjusted retail trade volume index dropped steeply in Jan-24, recording a monthly and an annual decrease of 5.8% and 8.2% respectively. The said result reflects, first, the high base in Jan-23, and second, the poor monthly performance of retail trade at the start of 2024.


In Poland, the flash CPI inflation print for March surprised to the downside, as it came to a 5-year low rate. In Turkey, yesterday’s local elections in the country resulted in the main opposition party CHP winning in all three biggest cities, but also in more cities than the ruling AKP party.

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