ECB holds rates at 2.0%, signals data-dependent stance; inflation risks rise, growth risks grow, markets price June hike.
Chicago PMI fell to 49.2 in April, missing the 53 forecast; below 50 signals contracting business activity.
ADP is stabilizing after weakness, eyeing resistance at $226.55; triggers at $220, stops below lows.
Canada’s GDP rose 0.2% in February; Q1 growth slightly above forecasts; Bank of Canada rates steady.
Lagarde said ECB held rates steady in April, cited lingering energy impacts and no significant wage pressures.
Commerzbank says copper surplus hit 300,000 tons as output rose, demand lagged; high prices may cap gains.
EUR/USD rose to 1.1690 after weak US GDP; Fed uncertainty persists as ECB holds rates, stresses risks.
ECB held rates; Lagarde warned uncertainty, energy inflation risks, weaker growth, and data-dependent policy amid turbulence.
Lagarde said ECB held rates steady, rejecting “stagflation” label; reiterated 2% symmetric target, June scenarios update.
Bank of England held rates at 3.75%; Middle East tensions shifted expectations as ING now predicts possible June hike.
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