Switzerland Unemployment Rate s.a (MoM) remains unchanged at 3% in March

Danske Research Team reports that Brent crude fell as low as USD 92 per barrel after the US-Iran ceasefire, with Oil dropping below USD 100 as risk sentiment improved.

France Imports, EUR rose from previous €55.3B to €57.791B in February

France Exports, EUR declined to €52.013B in February from previous €53.4B

France Trade Balance EUR below expectations (€-2.3B) in February: Actual (€-5.778B)

France Imports, EUR increased to €57.8B in February from previous €55.3B

France Trade Balance EUR came in at €-5.8B below forecasts (€-2.3B) in February

France Current Account dipped from previous €2.1B to €-1.8B in February

France Exports, EUR down to €52B in February from previous €53.4B

Here is what you need to know on Wednesday, April 8:

Commerzbank’s Michael Pfister notes that the tentative ceasefire between the US and Iran and the reopening of the Strait of Hormuz triggered a sharp textbook reaction, with Oil falling and the US Dollar weakening, pushing EUR/USD back towards 1.17.

Germany Factory Orders n.s.a. (YoY) declined to 3.5% in February from previous 3.7%

United Kingdom Halifax House Prices (MoM) came in at -0.5% below forecasts (0.1%) in March

Germany Factory Orders s.a. (MoM) came in at 0.9% below forecasts (2%) in February

Asian equity markets rallied on Wednesday, tracking US stock index futures, in reaction to the US-Iran ceasefire news, with Japan’s Nikkei 225 and South Korea’s Kospi rising over 5% intraday.

India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.25%)

India Reverse Repo Rate remains unchanged at 3.35%

Indonesia Foreign Reserves: $148.2 (March) vs previous $151.9

In a telephonic interview with Agence France-Presse (AFP) after the announcement of the ceasefire between the United States (US) and Iran, US President Donald Trump touted that the truce with Iran is a “total and complete victory”.

Israeli Prime Minister (PM) Benjamin Netanyahu said during Asian trading hours on Wednesday that the nation supports United States (US) President Donald Trump’s decision to suspend attacks on Iran for two weeks, subject to Iran opening the Strait of Hormuz and stopping attacks, Israeli media reporte

AUD/NZD trades around 1.2170 during the Asian hours on Wednesday, halting its winning streak that began on March 30.

New Zealand RBNZ Interest Rate Decision meets forecasts (2.25%)

White House Press Secretary Karoline Leavitt clarified that talks with Iran have not been finalized after the latter said it agreed to talks with the United States (US) to begin Friday in Pakistan.

Despite the United States (US) and Iran agreeing to a ceasefire for two weeks, Iranian attacks continue in the Middle East and on Israel as missile alerts keep sounding.

Japan Trade Balance - BOP Basis dipped from previous ¥3145B to ¥2709B in February

Japan Trade Balance - BOP Basis declined to ¥2.709B in February from previous ¥3145B

Japan Current Account n.s.a. below forecasts (¥3549B) in February: Actual (¥3.933B)

An Iranian official stated that it has accepted a two-week ceasefire after US President Donald Trump said he would suspend attacks, subject to Tehran agreeing to fully reopen the Strait of Hormuz.

Japan Labor Cash Earnings (YoY) came in at 3.3%, above forecasts (2.7%) in February

South Korea Current Account Balance climbed from previous 13.26B to 23.19B in February