Region: Europe

PCE didn’t rock the boat, or the dollar. Will we see a technical recession in Eurozone? Risk of a dovish tilt on Thursday.

Stellar GDP report, focus turns to PCE. ECB holds rates as expected. Stronger consumer that spends less.

US activity holds up as China helps sentiment. EZ PMIs give ECB a lot to think about. GBP anchored around $1.27 and €1.17.

Regional equity divergence. EZ lending conditions to tighten further in Q1. CAD remains steady ahead of BoC.

BoJ to end negative policy in Q2? EUR steadies at $1.09. Pound rises on lack of news.

Dollar up against everything in 2024. Euro below $1.09 as Europe underperforms. From hard to soft macro data.