The main highlights of today’s calendar are the ECB policy decision which will be announced at 12:15 GMT, as well as the US IPP which will be announced 15 minutes later at 12:30 GMT.
CALENDAR THURSDAY (APRIL 11, 2024)
For the ECB, the main focus will be whether the bank confirms market expectations for a June rate cut in its message today.
On the US PPI side, risk event traders are likely hoping for a big upside surprise in order to continue trading in line with yesterday’s post-CPI sentiment. Markets may be able to shrug off today’s failed release after yesterday’s CPI surprise.
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