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Powell-inspired hawkish action continues; ADP, BoC & multiple speakers due - Newsquawk Euro Market Open

McConnell meets with Finland and Sweden's leaders and pledges to back them joining NATO

He held a press conference alongside Finnish President Sauli Niinisto after leading a small delegation of senior GOP senators to Ukraine, Sweden and Finland over the weekend.

NATO Chief Jens Stoltenberg says Ukraine 'can win this war' as Finland and Sweden announce bid to join trans-Atlantic alliance

USD/JPY: Sellers attack 110.50 as US Treasury yields stay pressured

Apr 2, 2021 02:36 GMTFXStreet News USD/JPY refreshes intraday low, extends the previous day’s losses. Fresh US-China jitters, vaccine news weigh on risks amid quiet markets in Asia. S&P 500 Futures print mild gains while tracking Wall Street benchmarks but US 10-year Treasury yield remains depressed. US NFP will be the key, risk catalysts can entertain traders but Good Friday restricts the moves. USD/JPY takes offers around 110.50, down 0.06% intraday, as markets in Tokyo open for Friday’s trading. Even if the Good Friday holiday restricts the moves, the latest challenges to risk, coupled with the extended weakness of the US Treasury yields, seems to keep the sellers hopeful ahead of the key US Nonfarm Payrolls (NFP) data.

UK economic data highlighted that coronavirus continued to weigh on the economy

Computacenter [CCC.UK] +3% (prelim earnings), Kainos Group [KNOS.UK] +19% (trading update), Cineworld [CINE.UK] -4% (New James Bond film postponed) - Speakers - Italy PM Conte said to be considering the possibility of elections if he was unable to reassemble a workable majority in parliament - - ECB Survey of Professional Forecasters (SPF)cut its 2021 GDP growth from 5.7% to 4.4% ( Note: ECB Dec Staff Forecast is 3.9%) while raising the 2022 GDP growth from 2.4% to 3.7%. It cut 2021 HICP (EU Harmonized CPI) from 1.0% to 0.9% while maintaining 2022 HICP (EU Harmonized CPI) at 1.3% - Japan Cabinet Office (Govt) Jan Economic Report maintained overall economic assessment that the domestic economy remained in a severe situation despite signs of improvement. Raised its view on capex and housing while cutting view on private consumption and business conditions

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