Australia Bans Card Payment Surcharges Starting October 2025 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Lots of economic dockets and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei flash manufacturing PMI declines to 52.6 in March from 53.3 in February. Leading economic index for January marginally declines to 104.9 and Coincident index improves to 115.1
Upcoming:
- France: First quarter GDP data will be published at 6:30 GMT, followed by flash manufacturing and composite PMI at 8:00 GMT.
- Germany: Flash manufacturing and composite PMI report will be released at 8:30 GMT.
- Eurozone: Flash manufacturing and services PMI report will be released at 9:00 GMT.
- United Kingdom: BBA mortgage approval numbers for January will be released at 9:30 GMT.
- United States: February durable goods order report at 12:30 GMT, followed by flash market manufacturing PMI at 14:45 GMT. Fed’s Evans is scheduled to speak at 12:00 GMT and Bullard at 13:00 GMT. US congress will vote on Healthcare bill today.
- Canada: Consumer price inflation report will be published at 12:30 GMT.
