March 31, 2026

In the Eurozone, preliminary inflation for March stands at +2.5% year-over-year

International

In the Eurozone, preliminary March inflation figures were released this morning, showing a year-over-year increase of 2.5%, which is slightly below the 2.6% expected by the consensus of analysts and above the 1.9% recorded the previous month. The core measure, which excludes food and energy from the basket, stood at +2.3% year-over-year, also below the expected +2.4%.

Major U.S. stock indices closed mixed yesterday. The S&P 500 closed down -0.4%, accumulating a -7.3% decline so far in 2026. The Nasdaq fell -0.7%, bringing its year-to-date decline to -10.5%, while the Dow Jones rose +0.1% on the day, though it also remains down -5.9% for the year.

Today, the JOLTS job openings survey will be released, measuring the number of open job vacancies for the month of February. It is expected that there were 6.89 million open job vacancies during the period, which represents a slight decline from January, when 6.95 million vacancies were recorded.

Finally, the U.S. Treasury yield curve flattened across the board yesterday. The yield on the 1-year bond fell from 3.75% to 3.70%, while the yield on the 3-year bond fell from 3.94% to 3.85%. Meanwhile, the yield on the 10-year bond also narrowed from 4.43% to 4.35%.

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