Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance for February came at 3.574 billion. RBA kept interest rates steady at 1.5 percent.
Upcoming:
- Spain: Unemployment change for March will be reported at 7:00 GMT.
- Italy: Fourth quarter debt to GDP ratio would be published at 8:00 GMT, followed by wage inflation report at 9:00 GMT.
- Eurozone: February retail sales report will be released at 10:00 GMT.
- United States: February trade balance will be reported at 12:30 GMT, followed by ISM New York index at 13:45 GMT and Factory orders at 14:00 GMT. TIPP economic optimism numbers will also be published at 14:00 GMT. Fed’s Tarullo is scheduled to speak at 20:30 GMT.
- New Zealand: Global dairy auction is scheduled today.
- United Kingdom: BRC shop price inflation will be reported at 23:00 GMT.
- Australia: AiG performance of services index will be updated at 23:30 GMT.
- Auction: U.S. will auction 1-month bills at 15:30 GMT. Spain will auction 6-month and 12-month bonds today.
