A sense of tension gripped financial markets on Wednesday as inflation jitters, recession fears, and worries about rising interest rates left investors on edge.

CN50 which tracks the benchmark FTSE China A50 Index may be set to rally further as Chinese banks' cut five-year rates by 25 basis points to 3.95%, a record rate cut.

The past few weeks have certainly been rough and rocky for the Australian dollar! It has weakened against almost every single G10 currency so far in 2024, shedding over 4.5% versus the dollar.

Get ready for another wild week for global financial markets thanks to key economic data releases and high-risk events!