Financial Markets Prepare for Inflation Numbers and Earnings Season

Financial markets are preparing for U.S. inflation numbers and the start of earnings season. The yen has dropped from a one-year high to around 147. The euro is facing challenges due to resurgent oil prices and concerns about Italy's fiscal position. The U.S. Federal Reserve's rate posture and earnings reports from major banks will provide insights into the current economic landscape and stock market performance. The United Kingdom's Labour Party will present its stance for the upcoming election. The World Bank International Monetary Fund annual meetings will focus on the impact of rocketing U.S. government bond yields and calls for reform in the global financial architecture.