Asian Stocks Rally as KOSPI, Nikkei Surge on Bond Market Relief 
Oil Prices Ease as US-Iran Tensions Keep Brent on Track for Weekly Gain 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
Gold Tops $4,500 as Dollar Slides After Treasury Bond Move 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
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Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: GDP grew by 1.3 percent in the first quarter, up 6.9 percent from a year ago. Industrial production grew by 7.6 percent y/y in February, and retail sales grew by 10.9 percent.
Upcoming:
- Japan: BoJ governor Kuroda is scheduled to speak at 6:15 GMT.
- Germany: Bundesbank will release the monthly report at 12:00 GMT.
- United States: New York empire state manufacturing index will be reported at 12:30 GMT. NAHB housing market index for April will be updated at 14:00 GMT. Treasury will release details of flow till February around 20:00 GMT.
Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT.
