Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings declined by 0.4 percent y/y in March.
- Australia: Retail sales declined by 0.1 percent in March.
Upcoming:
- Switzerland: Unemployment report for April will be released at 5:45 GMT.
- Germany: March Industrial production report will be released at 6:00 GMT, along with trade balance report.
- France: France will release March budget report at 6:45 GMT.
- Italy: Italy will release March retail sales report at 8:00 GMT.
- Australia: Australia will release the budget report at 9:30 GMT.
- Canada: Building permits report for March will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by the release of JOLTS jobs report and TIPP economic optimism report at 14:00 GMT. FOMC’s Rosengren is scheduled to speak at 17:00 GMT and Kaplan at 20:15 GMT.
- New Zealand: Electronic card retail sales report will be released at 22:45 GMT.
