IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Global markets remained cautious on Thursday as major European equity markets remained in red and government bonds maintained a sluggish tone. The majority of emerging stock markets lost ground in early European trade, trailing major global bourses lower amid weak corporate earnings reports, Eurobank Global reported.
"Regional currencies remained mixed today; today’s focus also lies on the upcoming April inflation data releases from Serbia and Poland," Eurobank Global said in a research report.
The Bank of England is expected to stay on hold at its monetary policy meeting today. However, market focus will be on the BoE Governor’s press conference and the updated BoE inflation report which is likely to show growth forecasts revised downward.
The EuroWorking Group in Greece is set to meet later today work on the technicalities of the contingency mechanism, as well as the modalities of debt relief before reporting back to the Eurogroup which is scheduled to meet on May 24.
Further, the ECB is likely to consider the reintroduction of Greek waiver at the June 2 meeting, conditional on the completion of the 1st programme review.
At 10:45AM GMT, Euro Stoxx 50 rose 0.35 pct to 2,966.05 while DAX rose 0.29 pct to 10,006.13.
