Daily News : Market Will React on Top News

Money Life Research

1️⃣ USD is solid when the US economy is outperformed

- The dollar remained firm in early European trading on Thursday, close to a multi-month high on expectations of strong US economic growth, supported by more and over-fiscal stimulus Vaccine rollout is accelerating.

U.S. President Joe Biden announced his long-awaited $ 2 trillion infrastructure rebuild on Wednesday, which will be a new pump of money into the economy after the pack The US $ 1.9 trillion bailout was recently approved.

Wednesday's ADP report showed US private sector job payrolls increased by 517,000 positions last month, which is not a bad step ahead of the official US nonfarm payrolls today. American ants will add 650,000 jobs by March.

2️⃣ ECB commits to continue to support the economy

- ECB chief economist Philip Lane said: The rise in inflation in the euro area is due to temporary factors, the underlying trend is still weak, so the ECB needs to maintain support for the economy. .

- Inflation has steadily increased this year and is likely to exceed ECB's target by nearly 2% in the coming months, due to rising energy costs, rising taxes, household consumption likely to increase, and technical factors. technology related to pandemic shock.

Nominal and real yields have moved in the opposite direction in recent weeks, with nominal yields rising to pre-pandemic levels while real yields are trending to decline to their lowest levels earlier this year.

3️⃣ Today's notable facts and data

- At 20:30 the United States will announce the nonfarm employment population after the March seasonal adjustment. The expected value is 647,000, much higher than the previous value of 379,000. Markets are concerned that shortened US Treasury market times could cause the market to suddenly expand.

At 23:00, Fed Bostic will give a speech.

- Affected by Easter, the US stock exchanges, European countries, Australia and Hong Kong are all closed for one day. CME precious metals and US crude are suspended for all day, and ICE Brent crude contracts are suspended for the whole day. Foreign exchange contracts end before their expiration