Russia Industrial Output above expectations (0.9%) in March: Actual (2.3%)

Societe Generale’s Anatoli Annenkov expects the European Central Bank (ECB) to keep rates unchanged next week as focus shifts toward Euro Area growth and medium-term core inflation.

Rabobank strategists argue that the Iran war delivers a stagflationary shock to the Eurozone, lifting inflation and depressing Gross Domestic Product (GDP).

TD Securities notes UK headline CPI matched expectations at 3.3% year-on-year in March, reflecting early post-conflict price effects, especially from motor fuels.

The latest Reuters surveys of economists suggest a notable shift in expectations regarding the trajectory of US monetary policy, with the timing of potential easing likely to come later than previously anticipated.

Eurozone Consumer Confidence declined to -20.6 in April from previous -16.3

Citing United States (US) President Donald Trump and Pakistani sources on Wednesday, the New York Post reported that the second round of talks between the US and Iran could take place as soon as this Friday.

Commerzbank’s Dr. Vincent Stamer compares its Euro area inflation projections with European Central Bank (ECB) staff forecasts and concludes they are broadly aligned under the mild Iran War scenario.

Nomura economists argue that the latest energy price surge will be a larger drag on Euro area growth than a persistent inflation shock. They stress weaker labour markets in Northern Europe, limited fiscal space, more spare capacity and slowing wage growth.

Canada New Housing Price Index (YoY) dipped from previous -2.1% to -2.3% in March

Canada New Housing Price Index (MoM) came in at -0.2% below forecasts (0.2%) in March

ING’s James Smith notes that UK inflation rose to 3.3% in March on higher fuel costs and is likely to move towards 3.5–4% later in 2026, helped by July’s increase in household energy bills.

Commerzbank economists Bernd Weidensteiner and Christoph Balz assess the implications of Kevin Warsh’s potential appointment as Federal Reserve (Fed) Chair for US monetary policy.

European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, said during European trading hours on Wednesday that an interest rate hike this year cannot be ruled out.

South Africa Retail Sales (YoY) came in at 1.6%, below expectations (4.8%) in February

United States MBA Mortgage Applications climbed from previous 1.8% to 7.9% in April 17

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EUR/CAD extends its losing streak for the sixth consecutive day, trading around 1.6040 during the European hours on Wednesday.

DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) has partially rolled back recent FX curbs that were introduced to stem one-sided Indian Rupee (INR) depreciation.

United Kingdom DCLG House Price Index (YoY) registered at 1.2% above expectations (0.9%) in February

BNY’s Geoff Yu observes that while global equity indices have rebounded, institutional cash holdings remain below pre-conflict levels across all regions.

South Africa Consumer Price Index (MoM) up to 0.6% in March from previous 0.4%

South Africa Consumer Price Index (YoY) rose from previous 3% to 3.1% in March

Here is what you need to know on Wednesday, April 22:

Indonesia Bank Indonesia Rate meets expectations (4.75%)

The Islamic Revolutionary Guard Corps (IRGC) has warned it would inflict “crushing blows” against “the enemy’s remaining assets” in the Middle East if fighting resumed, according to Iran’s semi-official Tasnim news agency, The Guardian reported.

Turkey Consumer Confidence rose from previous 85 to 85.5 in April

MUFG's Senior Currency Analyst Lloyd Chan notes that stalled US–Iran talks and an extended United States (US) ceasefire have shifted the conflict into a prolonged standoff, with a continued blockade of Iranian ports.

United Kingdom Producer Price Index - Input (YoY) n.s.a up to 5.4% in March from previous 0.5%

United Kingdom Core Consumer Price Index (YoY) came in at 3.1%, below expectations (3.2%) in March