Australia Posts Surprise Trade Deficit as Imports Surge on AI Equipment Demand 
US Trade Court Blocks Trump’s 10% Global Tariffs 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Italy Services PMI Nears Stabilization as Middle East Tensions Push Costs Higher 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
European Stocks Rally as Trump Halts Hormuz Operation, Oil Prices Slide 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
Sizable numbers of economic data and events scheduled for today and all with low to medium volatility risks associated.
Upcoming:
- Spain: Fourth quarter flash GDP number will be released at 8:00 GMT.
- Switzerland: KOF leading indicator for January will be published at 8:00 GMT.
- Greece: Retail sales and producer price index for November will be published at 9:00 GMT.
- Eurozone: Consumer confidence, industrial confidence, economic sentiment, business climate, and services sentiment data for January will be published at 10:00 GMT.
- Germany: Flash CPI and HICP for January will be released at 13:00 GMT.
- United States: Personal income and expenditure data for December will be published at 13:30 GMT, followed by pending home sales at 15:00 GMT and Dallas Fed manufacturing index at 15:30 GMT.
- Japan: Unemployment report for December will be published at 23:30 GMT, followed by industrial production for the month at 23:50 GMT.
- Auction: US will auction 3-month and 6-month bills at 16:30 GMT. Italy will auction 5-year and 10-year bonds today.
