Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Australia’s Corporate Regulator Urges Pension Funds to Boost Technology Investment as Industry Grows 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings declined by 0.4 percent y/y in March.
- Australia: Retail sales declined by 0.1 percent in March.
Upcoming:
- Switzerland: Unemployment report for April will be released at 5:45 GMT.
- Germany: March Industrial production report will be released at 6:00 GMT, along with trade balance report.
- France: France will release March budget report at 6:45 GMT.
- Italy: Italy will release March retail sales report at 8:00 GMT.
- Australia: Australia will release the budget report at 9:30 GMT.
- Canada: Building permits report for March will be released at 12:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by the release of JOLTS jobs report and TIPP economic optimism report at 14:00 GMT. FOMC’s Rosengren is scheduled to speak at 17:00 GMT and Kaplan at 20:15 GMT.
- New Zealand: Electronic card retail sales report will be released at 22:45 GMT.
