U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
Lot of economic dockets today, with moderate risk. Focus on UK and Canada.
Data released so far -
- China - Consumer price index grew 1.4% y/y, however dropped -0.5% m/m in March. Producer price index dropped another -4.6% y/y in March.
- Australia - Investment lending for homes dropped -3.4% in February, however home loans are up 1.2%.
- Switzerland - Unemployment rate for March remains at 3.2%, same as previous.
- France - Industrial output for February dropped 0% from 0.4% growth prior. France failed to shrink its budgetary deficit to, now at € -23.45 billion from prior € -9.4 billion as of February.
- Spain - Industrial output improved in Spain from previous 0.4% to 0.6%.
Upcoming -
- UK - Industrial and manufacturing production data will be released at 8:30 GMT, followed by NISER GDP estimate at 14:00 GMT.
- India - RBI will declare Forex reserve around 11:30 GMT, which will be followed by manufacturing output release at 12:00 GMT.
- US - Terms of trade statistics to be released at 12:30 GMT. Two FED speakers today, Mr. Lacker at 12:30 GMT and Mr. Kocherlakota at 16:20 GMT. US govt. will release budget statistics for March.
- Canada - Housing starts statistics to be released around 12:15 GMT, followed by Employment details at 12:30 GMT.
