Austria HICP (MoM) came in at 0.5%, above forecasts (0.4%) in April

Austria HICP (YoY) came in at 3.4%, above expectations (3.3%) in April

Japanese Prime Minister Sanae Takaichi said on Wednesday that the government is not at the stage to comment on the scale of the extra budget, adding that it's possible the extra budget is aimed mainly at responding to the Middle East situation. 

The EUR/GBP cross pares losses near 0.8660 during the early European trading hours on Wednesday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following the release of the UK inflation report.

Danske Research Team reports that equities sold off again as rising global bond yields and debt and inflation concerns overshadow an otherwise constructive macro and earnings backdrop.

United Kingdom Consumer Price Index (YoY) came in at 2.8%, below expectations (3%) in April

United Kingdom Producer Price Index - Input (MoM) n.s.a registered at 2.4% above expectations (1%) in April

United Kingdom PPI Core Output (MoM) n.s.a up to 0.7% in April from previous 0.2%

United Kingdom PPI Core Output (YoY) n.s.a up to 2.4% in April from previous 2%

United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 4% above expectations (2.8%) in April

United Kingdom Producer Price Index - Output (MoM) n.s.a above expectations (1%) in April: Actual (1.4%)

United Kingdom Core Consumer Price Index (YoY) came in at 2.5% below forecasts (2.6%) in April

United Kingdom Producer Price Index - Input (YoY) n.s.a above forecasts (5.9%) in April: Actual (7.7%)

United Kingdom Consumer Price Index (MoM) below expectations (0.9%) in April: Actual (0.7%)

Stock markets in the Asian region extend their underperformance on Wednesday, facing intense pressure due to surging United States (US) Treasury Yields amid growing expectations that the Federal Reserve (Fed) will deliver at least one interest rate hike this year.

Netherlands, The Consumer Price Index n.s.a (YoY) in line with expectations (2.8%) in April

The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for March at 06:00 GMT. 

China PBoC Interest Rate Decision meets expectations (3%)

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that she favored leaving interest rates unchanged and conditioned lower borrowing costs on making sustained progress on inflation, Bloomberg reported on Tuesday.

BNY’s Bob Savage highlights growing stress across emerging Asian assets as higher U.S. yields, a stronger Dollar and Oil shock weigh on Indonesia, the Philippines and India. IDR has hit record lows amid downgrades and index removals, while EM bonds face rising inflation and funding costs.

HSBC reviews China’s April 2026 data, noting soft Retail Sales and a sharp fall in Fixed Asset Investment alongside resilient services and solid Industrial Production. CPI remains stable while PPI accelerates on Oil and AI-related demand.

Bank of Japan (BoJ) Governor Kazuo Ueda told reporters that they need to closely monitor signs of upward price pressure and that he will take appropriate monetary policy to achieve the BoJ inflation target, after a Group of Seven finance chiefs and central bankers' meeting in Paris on Tuesday.

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian inflation accelerated in April, mainly due to higher energy prices and fading base effects, while underlying pressures stayed contained.

United States (US) President Donald Trump said on Tuesday that he might restart attacks on Iran, but that he hasn't made up his mind. He also claimed that Iran is begging to make a deal while speaking to reporters at the White House on Tuesday.

BNP Paribas economists note Germany is moving away from its traditional reliance on automotive and chemicals towards defence, aerospace and electronic equipment.

US 30-Year Treasury Yield and US 10-Year Treasury Yield continue to advance on Tuesday, with the 30-year yield trading at 5.195% and the 10-year yield at 4.683% at the time of writing.

New Zealand GDT Price Index: 0.6% vs previous 1.5%

Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly lower versus the US Dollar (USD) but outperforming most G10 peers.

Barbara Lambrecht and Volkmar Baur at Commerzbank highlight diverging trends in Chinese metals. Aluminium output hit a record daily rate in April, driven by strong margins and breaching the official annual cap, yet domestic inventories have doubled to a six‑year high as demand lags.