Monday without any volatility, so far

The London session has been calm so far, and equity indices were somewhat higher on the day, while EU benchmarks were flat. 

The greenback was flat as well, with the EURUSD pair hovering near 1.1940 and the USDJPY pair was at around 109.00.

US yields were slightly lower, correcting after Friday’s massive move. 

Earlier in the day, traders paid attention to Chinese data, which mostly surprised to the upside. 

Industrial production grew 35.1% year-on-year in February, and retail sales climbed 33.8% year-on-year in February, although the unemployment rate was at 5.5%, higher than the previously recorded 5.2%. Figures are really high compared to the last February when the Chinese economy was under total lockdown. 

Later during the US session, the NY empire state manufacturing index for March is expected to improve slightly from 12.1 to 14.5.

Source: https://www.axiory.com/market-news/monday-without-any-volatility-so-far