The Nikkei surged last night, rising 4.36%. The rest of Asia was up more modestly. Major European indices are mixed, as are US futures.
•UK inflation jumped to a 4.4% year-over-year rate in February, from 4.0% in January. This remains above the Bank of England's target rate, and will increase pressure on the bank's leadership to raise rates.
•The eurozone's leadership has come to an agreement on the new permanent bailout fund for the region.
•The situation at Japan's Fukushima reactor facilities has deteriorated slightly today, with reactor 4 heating up.
•Support for the U.S. led coalition in Libya is falling, with China calling for a cease-fire. A U.S. plane was downed overnight, though the pilots appear to be safe.
•Oil prices have slid from yesterday's highs as a result of what is perceived to be a calming situation...full Forex News at link below :
Forex News
ForexSQ
•UK inflation jumped to a 4.4% year-over-year rate in February, from 4.0% in January. This remains above the Bank of England's target rate, and will increase pressure on the bank's leadership to raise rates.
•The eurozone's leadership has come to an agreement on the new permanent bailout fund for the region.
•The situation at Japan's Fukushima reactor facilities has deteriorated slightly today, with reactor 4 heating up.
•Support for the U.S. led coalition in Libya is falling, with China calling for a cease-fire. A U.S. plane was downed overnight, though the pilots appear to be safe.
•Oil prices have slid from yesterday's highs as a result of what is perceived to be a calming situation...full Forex News at link below :
Forex News
ForexSQ