From Nasdaq:

Global stocks are ending the week flat after a strong rally in the first quarter. The dollar index is steady at 103.38, heading for its best week since January. U.S. inflation data has reduced expectations of rate cuts by the Federal Reserve. U.S. benchmark bond yields held near 4.3%, their highest in three months.

There is caution in the market following higher-than-expected U.S. producer prices. Traders have reduced the odds of a rate cut in June to 60%. The market is now pricing in fewer than three U.S. rate cuts for 2024. U.S. stock futures pointed slightly higher, anticipating no rate cuts in the first half of the year.

Japan is in the spotlight as speculation grows about the Bank of Japan potentially exiting its ultra-dovish monetary policies. The BOJ may end its negative interest rate policy, supported by the government’s stance against deflation. Japan’s 10-year bond yield rose to 0.795%, while the yen weakened against the dollar.

Oil prices are down after strong gains, with Brent crude futures at $85.90 a barrel and U.S. crude at $80.73. Bitcoin edged away from an all-time high. These developments are impacting global asset performance and foreign exchange rates. Asian stock markets are also being closely monitored.



Read more at Nasdaq: GLOBAL MARKETS-Stock rally pauses as US inflation douses rate cut hopes