French Inflation Rate YoY Prel (Mar) Y/Y 1.7% vs. Exp. 1.6% (Prev. 0.9%, Low. 1.4%, High. 1.8%)
The preliminary March inflation rate in France at 1.7% has come in slightly higher than the expected 1.6%, indicating potential upward pressure on prices compared to the previous 0.9%.
Aluminium Corporation of China (2600 HK) is said to be considering an USD 800mln USD-denominated offshore bond sale
German institutes to cut 2026 economic growth forecasts amid the Iranian war, Reuters sources suggest; 2026 growth outlook seen at 0.6% (prev. 1.2%), 2027 growth seen at 0.9% (prev. 1.4%)
French Inflation Rate YoY Prel (Mar) Y/Y 1.7% vs. Exp. 1.6% (Prev. 0.9%, Low. 1.4%, High. 1.8%)
The IRGC announced that the Strait of Hormuz is fully under the control of its soldiers, and "the slightest movement of the enemies will be hit by missiles and drones", adding that "the operation continues", IRGC's public relations channel reports
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This slight beat may suggest a strengthening inflation backdrop, which could influence monetary policy discussions within the ECB, particularly around rate adjustments in the near term.
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