RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Fed Minutes Signal Another Rate Hike by Year-End 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Asian Stocks Plunge as AI Chip Selloff Hits South Korea and Japan 
IMF, World Bank Meetings Face Global Economic Risks Amid Iran War 
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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:
- Australia: Westpac leading index grew by 0.1 percent in March. New motor vehicle sales grew by 1.9 percent in March, down 3 percent from a year ago.
Upcoming:
- Italy: February trade balance report will be released at 8:00 GMT.
- Eurozone: February trade balance report will be released at 9:00 GMT. Consumer price inflation report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release the beige book at 18:00 GMT.
- New Zealand: first quarter CPI inflation report will be released at 22:45 GMT.
- Japan: Trade balance for March will be released at 23:50 GMT.
