Market Analysis: Fed Rate Cuts, ECB Decision, Earnings Season Impact and China's Stable Economy

The hot March inflation report has led to a reversal of expectations for a June Fed rate cut, with U.S. stock futures remaining steady ahead of the release of the producer prices report. The European Central Bank is expected to keep borrowing costs unchanged but may signal a potential rate cut in June due to economic weakness and low inflation. The upcoming earnings season will be crucial as doubts grow about Fed rate cuts, with early signs showing encouraging results from companies like Delta Air Lines and Wells Fargo. Meanwhile, oil prices are supported by tensions in the Middle East, with concerns about supply security from the region.