Citi lowers China’s 2024 GDP forecast to 4.2% amid trade challenges and export tariff concerns.
USD/CNH shows upward momentum, nearing key resistance at 7.37; potential targets are 7.41 and 7.47.
Von der Leyen, Li Qiang discuss EU-China trade, stress resolving tensions amid tariff-related global disruptions.
AUD expected to trade between 0.5945–0.6110 as downward momentum eases amid oversold market conditions.
UBS lowers Eurozone growth forecast; Germany hit hardest by US tariffs, France less affected amid slowdown.
US sentiment declines amid tariff shocks; recession fears rise, prompting expected Fed rate cuts over inflation.
France’s February trade deficit widened to €7.87 billion as imports rose 2.4% while exports stayed flat.
ECB’s Šimkus advocates April rate cut amid trade tensions; EUR/USD dips, policy still deemed restrictive.
Market focus is on U.S.-China tariffs; three central bankers scheduled to speak may impact sentiment.
Oil prices rally briefly amid tariff threats, OPEC+ supply concerns, and fragile US drilling profitability signs.
