Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI marginally declines to 52.4 in March.
- Australia: TD securities inflation is up 2.2 percent y/y in March. Building permits down 4.9 percent y/y in February. Retail sales declined 0.1 percent in February.
Upcoming:
- Japan: Vehicle sales will be reported at 5:00 GMT.
- Spain: Markit manufacturing PMI and unemployment change for March will be reported at 7:00 GMT.
- Switzerland: February real retail sales report will be released at 7:15 GMT, followed by SVME PMI at 7:30 GMT.
- Italy: Markit manufacturing PMI report for March will be released at 7:45 GMT, followed by unemployment report at 8:00 GMT and wage inflation report at 9:00 GMT.
- France: Markit manufacturing PMI report for March will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI report for March will be released at 7:55 GMT.
- Greece: Markit manufacturing PMI report for March will be released at 8:00 GMT.
- Eurozone: Markit manufacturing PMI report for March will be released at 8:00 GMT, followed by unemployment report for February and producer price inflation at 10:00 GMT.
- Canada: RBC manufacturing PMI report will be released at 13:30 GMT.
- United States: Markit manufacturing PMI report will be released at 13:45 GMT, followed by ISM manufacturing PMI and construction spending at 14:00 GMT. Fed’s Dudley is scheduled to speak at 14:30 GMT, Harker at 19:00 GMT and Lacker at 21:00 GMT.
- New Zealand: NZIER will business confidence for the first quarter at 21:00 GMT.
- Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT.
