Donald Trump, United States President, announced on Friday through Truth Social a new round of tariffs on the European Union (EU) for cars and trucks.

Australia S&P Global Manufacturing PMI up to 51.3 in April from previous 51

Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, spoke at the Bank of Dallas, claiming that the Fed should not have give guidance that implies easing right now. She also added that the next rate move could be a cut or a hike.

The Institute for Supply Management’s (ISM) data showed the Manufacturing PMI held steady at 52.7 in April, slightly below analysts’ expectations of 53.0.

United States ISM Manufacturing Employment Index came in at 46.4 below forecasts (49) in April

United States ISM Manufacturing Prices Paid registered at 84.6 above expectations (80) in April

United States ISM Manufacturing New Orders Index increased to 54.1 in April from previous 53.5

United States ISM Manufacturing PMI registered at 52.7, below expectations (53) in April

United States S&P Global Manufacturing PMI came in at 54.5, above expectations (54) in April

Canada S&P Global Manufacturing PMI climbed from previous 50 to 53.3 in April

European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Friday that without a clear timeline for the end of the conflict in the Middle East, he is concerned about a "higher-for-longer" energy price scenario, per Reuters.

In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a "clear easing bias" is no longer appropriate given the current outlook.

Citing Iranian sources, several news outlets reported on Friday that Iran has prepesented a new proposal to end the war and a response to the United States' (US) amendments through Pakistani mediators on Thursday.

Minneapolis Federal Reserve President Neel Kashkari explained on Friday that he dissented at the April policy meeting because the uncertainty around the Strait of Hormuz means the Fed should acknowledge the risk of rate hikes in its statement.

Bank of England (BoE) Chief Economist Huw Pill said on Friday that a tightening in financial conditions seem as a reasonable response to the inflation risk from the US-Iran war, per Reuters.

The United States (US) Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for April is scheduled to be published today at 14:00 GMT.

India Bank Loan Growth remains unchanged at 15% in April 20

European Central Bank (ECB) governing council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said in his blog ⁠on the Irish central bank's website on Friday that he will be vigilant to the indirect effects of higher energy prices on production, ​transportation, and services, R

Rabobank’s RaboResearch notes the Bank of England kept rates unchanged while striking an “alert but careful” tone, with Governor Bailey describing an “active hold” that balances persistent inflation risks against softer activity and employment.

United Kingdom M4 Money Supply (YoY): 4.3% (March) vs 3.6%

United Kingdom Net Lending to Individuals (MoM) above expectations (£5.9B) in March: Actual (£8B)

United Kingdom M4 Money Supply (MoM) above forecasts (0.5%) in March: Actual (0.8%)

United Kingdom Consumer Credit registered at £1.895B above expectations (£1.8B) in March

United Kingdom Mortgage Approvals came in at 63.53K, above expectations (60K) in March

United Kingdom S&P Global Manufacturing PMI came in at 53.7, above expectations (53.6) in April

European Central Bank (ECB) Governing Council member and President of the Deutsche Bundesbank, Joachim Nagel, said during the European trading session on Friday that the baseline scenario already entails a more restrictive monetary policy.

European Central Bank (ECB) Governing Council member Madis Müller said on Friday that it is increasingly likely the ECB will need to raise interest rates.

Australia RBA Commodity Index SDR (YoY) up to 15.7% in April from previous 12.8%

Switzerland Real Retail Sales (YoY) came in at 0.5%, below expectations (1%) in March

EUR/CAD extends its losses for the third consecutive day, trading around 1.5920 during the Asian hours on Friday. The currency cross loses ground as the Euro (EUR) struggles amid increased risk aversion, which could be attributed to the geopolitical concerns in the Middle East.