Key Economic Calendar: ECB Rate Decision, US PPI and Jobless Claims in Focus

The clustering of ECB, US inflation and labour data in a single session makes this a genuine repricing window rather than a routine calendar day. Lagarde's press conference matters more than the rate decision itself, since the guidance language around the deposit facility rate is what shapes euro-area rate expectations. For crypto and RWA markets, the transmission runs through the dollar and real yields, with TSMC's revenue print offering an early read on the AI-adjacent risk appetite that has recently correlated with digital assets. Whether the ECB and US data land on the same side of expectations is the open question.