Oil Prices Surge Amid Middle East Tensions as Houthi Attacks Escalate Conflict 
Asian Stocks Rebound as Trump Delays Iran Strike Deadline 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying 
Asia Markets Tumble as Gulf Conflict Drives Oil Prices to Historic Highs 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
EU and CPTPP Nations Push for Landmark Digital Trade Agreement 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation rose by 1.2 percent y/y in April. Producer price inflation is up 6.4 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- France: Trade balance for March will be reported at 6:45 GMT, along with Industrial output data and current account balance.
- Italy: Italy will release March Industrial output report at 8:00 GMT.
- Greece: Industrial production report for March will be reported at 9:00 GMT, along with consumer price inflation report.
- Portugal: March trade balance report will be released at 10:00 GMT, along with first quarter unemployment report.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by terms of trade for April. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed’s Rosengren is scheduled to speak at 16:00 GMT. April budget details will be reported at 18:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: March trade balance report will be released at 23:50 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
