Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Australia Bans Card Payment Surcharges Starting October 2025 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments 
Lots of economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: National banks’ business conditions index improves sharply to 14 in March from 9 in February but business confidence declines from 7 to 6.
Upcoming:
- Japan: Flash Machine tools orders report will be released at 6:00 GMT. Domestic corporate goods price index will be updated at 23:50 GMT. At the same time, Machinery orders report will be released.
- United Kingdom: Inflation report containing CPI, PPI, RPI and HPI will be released at 8:30 GMT.
- Germany: Zew survey report for April will be released at 9:00 GMT.
- Eurozone: Zew survey report and industrial production report will be published at 9:00 GMT.
- United States: NFIB business optimism index will be released at 10:00 GMT, followed by JOLTS jobs report at 14:00 GMT. Fed’s Kashkari’s speech is at 17:45 GMT.
- Auction: U.S. will auction 1-months bills at 15:30 GMT and 10-year note at 17:00 GMT.
