Miners Knock European Stocks Lower Ahead of Key Central Bank Decisions

(Reuters) – European shares eased from record levels on Tuesday as traders eyed upcoming central bank meetings for clues on tapering and rate decisions, while a plunge in iron ore prices hurt miners.

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FXEN NEWS

China: Inflation pressures build with energy – ING 10 April 2026

ING’s Chief Economist for Greater China, Lynn Song, notes that China’s CPI inflation eased to 1.0% year-on-year after Lunar New Year, while PPI turned positive for the first time since 2022.

Malaysia: Solid GDP and contained inflation – DBS 10 April 2026

DBS Group Research expects Malaysia’s 1Q26 advance Gross Domestic Product (GDP) to grow 5.5% year-on-year, slightly below 6.3% in 4Q25 but still robust. Growth is seen supported by export-oriented electrical and electronics manufacturing, global AI tailwinds, construction and domestic demand.

CNY: Trade normalization and growth risks – TD Securities 10 April 2026

TD Securities expects China’s March exports to normalize after a strong Jan–Feb report, while imports could surprise on the upside as authorities stockpile key goods and commodities during the US–Iran conflict. Rising input costs may slow production and weigh on exports.

KRW: War risk keeps 1,450–1,550 range in focus – ING 10 April 2026

ING’s Min Joo Kang notes that KRW is trading below 1,500, with near-term moves heavily dependent on Middle East developments. The team keeps its 1,450–1,550 trading range, expecting KRW to strengthen rapidly if the war ends.

Singapore: Exports boosted by electronics cycle – DBS 10 April 2026

DBS Group Research expects Singapore’s non-oil domestic exports to rise for a seventh consecutive month in March 2026, accelerating to 10.3% year-on-year from 4.0% in February.

AUD/USD Price Forecast: Aussie rejected at 0.7100, upside risks persist 10 April 2026

The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY).

Fed’s Daly: If inflation stays elevated, we would hold steady 10 April 2026

Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, told Reuters in an interview on Friday that if Iran conflict is resolved quickly and Oil prices come back down, a rate cut may not be out of the question.

China: Growth risks skewed to upside in Q1 – Commerzbank 10 April 2026

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United States CFTC Oil NC Net Positions down to 202.2K from previous 213.5K 10 April 2026

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United States CFTC Gold NC Net Positions: $156.3K vs previous $163.2K 10 April 2026

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Australia CFTC AUD NC Net Positions dipped from previous $81.5K to $70.8K 10 April 2026

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Eurozone CFTC EUR NC Net Positions: €-7.5K vs previous €0.5K 10 April 2026

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Japan CFTC JPY NC Net Positions dipped from previous ¥-72.9K to ¥-93.7K 10 April 2026

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Miners Knock European Stocks Lower Ahead of Key Central Bank Decisions

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