Headlines:
- Elon Musk offers to buy Twitter, shares jump 13% in pre-market
- What to expect from the ECB later today?
- Bond selling sees a bit of a breather
- Russia says Putin to consider a range of measures if Sweden, Finland join NATO
- Russia says 'balance must be restored' if Sweden, Finland join NATO
- Switzerland March producer and import prices +0.8% vs +0.4% m/m prior
Markets:
- JPY leads, AUD lags on the day
- European equities slightly higher; S&P 500 futures flat
- US 10-year yields flat at 2.688%
- Gold down 0.1% to $1,974.80
- WTI down 0.9% to $103.28
- Bitcoin down 0.7% to $40,960
It was a quiet session in terms of headlines as markets brace for the ECB policy meeting decision coming up within the hour.
Talk of 'peak inflation' is still ringing and that is seeing the bond selling take a bit of a breather. The dollar is also seen cooling off further though changes are relatively light on the session.
EUR/USD stuck around 1.0900-10 for the most part while USD/JPY is marked down slightly around 125.20-30 levels.
European equities are holding slight gains but they aren't indicative of much, taking some optimism from Wall Street's push higher yesterday. The ECB is the key risk event to watch out for next so that will be one to watch for regional stocks. US futures are more flattish although Twitter shares are jumping in pre-market after Elon Musk proposed to take over the company with a $43 billion bid.
