Market insights

German Inflation Ahead - MI040124

Today sees the inflation report from Germany. Analysts are expecting an annualised reading of 3.8%.

This is the start of a critical period of inflation reports. Central banks have paused rate hikes for now as inflation numbers have been dropping. This month will be the acid test of whether the rate hikes were enough, and maybe if rates might start coming back down this year.

Aside from that it's global services PMI's in the spotlight that could prove the mover of FX rates today.

There's also US employment numbers mid afternoon later before the Halifax releases its house prices for the UK at breakfast time tomorrow.

Business news continues the pain being felt by retailers over the disturbances in the Red Sea. Next is the next (pardon the pun) major operator to announce potential price hikes due to the ongoing issue.

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Economic calendar

EUR: 09:00 Services PMI

UK: 09:30 Services PMI

GER: 13:00 Inflation Number

US: 13:15 ADP Employment Change

US: 14:45 Services PMI

UK: Friday 07:00 Halifax House Prices

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