A look at the day ahead in European and global markets from Tom Westbrook
The Bank of Japan did just enough to keep the yen from falling in the Asia session, nudging up inflation forecasts and doing little to dissuade the market from expecting a couple of rate hikes this year, with the first as soon as April.
The dollar was also under a bit of pressure more broadly as perhaps investors anticipate the week’s Greenland drama leaves the U.S. diminished as an investment destination.
In sum, the world has a net long U.S. position to the tune of $27.6 trillion, leaving a fair bit of room for trimming.
After rescinding tariff threats, President Donald Trump said he had secured total and permanent U.S. access to Greenland in a deal with NATO, whose head said allies would have to step up their commitment to Arctic security.
European Union leaders heaved a sigh of relief and…
