A look at the day ahead in U.S. and global markets from Mike Dolan
have hit their highest in more than two months as U.S. consumer and producer price reports for March showed a faster drop in inflation than most had expected and as the tight labor market weakens gradually.
And with China's booming trade numbers for last month also suggesting the world economy at large will comfortablythis year, "soft landing" hopes are back in vogue. China's economic surprise index, for example, hit its most positive reading in 17 years.recorded its lowest close on Thursday since the start of last year.
And with disinflation and rate cuts expected to proceed faster in the United States than in Europe, the U.S.-Germany two -year bond yield premium hit its lowest since late 2021. The euro hit its highest since March last year.Bank earnings aside, Friday also sees the release of U.S. retail and industry figures for last month.
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