Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
Oil Prices Rebound Slightly After Sharp Drop on Iran Deal Hopes 
Asian Currencies Rise as Middle East Tensions Ease, South Korean Won Surges After Inflation Data 
Dollar Weakens as Iran Peace Hopes Boost Risk Appetite and Yen Gains Strength 
China Services PMI Rises in April Despite Weak Export Demand 
Oil Prices Slide as Middle East Tensions Ease and U.S. Crude Inventories Shrink 
Trump-Xi Meeting 2026: U.S.-China Trade Tensions Escalate Ahead of Beijing Summit 
Wall Street Futures Slip After Record Rally Fueled by Iran Peace Hopes and AMD Surge 
Few economic dockets and events scheduled for today and all with low to medium risks associated.
Data released so far:
- New Zealand: ANZ business confidence improved to 21.7 in December. ANZ activity outlook improved to 39.6 percent in December.
- China: House price index rose 12.6 percent y/y in November.
Upcoming:
- Germany: IFO sentiment report will be released at 9:00 GMT. Bundesbank will release its monthly report at 11:00 GMT.
- Eurozone: Third quarter labor cost will be released at 10:00 GMT, along with construction output for October.
- Australia: CB leading indicator for October will be published at 13:30 GMT.
- United States: Flash services PMI data will be published at 14:45 GMT.
- New Zealand: Food price index for October will be published at 21:45 GMT.
- Auction: US will auction 3-month and 6-month bills at 16:30 GMT.
