Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Trump has made more than $1 billion from crypto in a year. How? 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Risks are moderate across board today.
Data released so far -
- Australia - Consumer inflation expectation improved in April to 3.4%, from prior 3.2%. Job report turned out to be fantastic. Unemployment rates dropped to 6.1%, down from 6.2%. 37.7K people were added to payroll in March, with full time increasing by 31.2K. New motor vehicles sales grew by 4.4% y/y in March.
- China - FDI growth dropped to 11.3% y/y in March.
- Switzerland - Producer and import price index for March grew 0.2% m/m however dropped -3.4% yearly basis.
Upcoming -
- Italy - Trade balance details will be released at 8:00 GMT.
- US - Lot many medium risk economic dockets to be released today. Housing starts to be released at 12:30 GMT, along with initial jobless claims. Philadelphia Fed manufacturing survey to be released at 14:00 GMT. Four FED speakers are scheduled today, FED's Lockhart at 17:00 GMT, followed by Mester at 17:10 GMT, FED's Rosengren at 17:30 GMT and finally Stanley Fischer at 19:00 GMT.
