US President Donald Trump said on Thursday that Iran's ability to launch missiles and drones has been curtailed. Trump added that the US does't need oil from the Middle East.

Australia Imports (MoM) fell from previous 0.8% to -3.2% in February

Australia Exports (MoM) rose from previous -0.9% to 4.9% in January

Australia Trade Balance (MoM) came in at 5686M, above forecasts (2500M) in February

Japan Monetary Base (YoY) declined to -11.6% in March from previous -10.6%

Japan Foreign Investment in Japan Stocks: ¥-4B (March 27) vs ¥-2509.7B

US President Donald Trump will address the nation at 01:00 GMT on Thursday to give an “update” on the war with Iran, CNN reported. The speech will be the first major national address the president has delivered on the conflict since the first joint US-Israeli strikes on Iran in late February.

ING economist Min Joo Kang highlights that South Korea’s 1Q26 GDP is set to rebound on strong chip-led exports and recovering investment, but trims the 2026 GDP forecast to 2.0% from 2.2%.

South Korea Consumer Price Index Growth (YoY) came in at 2.2% below forecasts (2.4%) in March

South Korea Consumer Price Index Growth (MoM) below forecasts (0.6%) in March: Actual (0.3%)

Standard Chartered’s Edward Lee and Jonathan Koh expect the Monetary Authority of Singapore to steepen the SGD NEER slope by 50bps in April, partially reversing pre-emptive easing from H1-2025 while keeping the band unchanged.

The Australian Bureau of Statistics will publish its data for February on Thursday at 00.30 GMT. Australia’s Trade Surplus is expected to narrow to 2,500M MoM in February, compared to 2,631M in January.

DBS Group Research economist Chua Han Teng highlights that Malaysian financial markets, including the Ringgit (MYR) and benchmark equities, have held up year-to-date thanks to resilient macroeconomic conditions and capital inflows.

TD Securities’ Alex Loo and Jayati Bharadwaj argue that Asia faces a dual shock from higher Oil prices and rapidly depleting inventories, hitting growth and lifting inflation. They see Asian central banks prioritizing growth, limiting rate hikes.

BNY’s Geoff Yu highlights Latin America as the most resilient region across assets, with regional currencies overheld and equities attracting net inflows despite broader risk-off conditions.

US Treasury yields recover across the curve, with the 10-year Treasury note erasing earlier losses after strong US economic data increased the odds of keeping interest rates unchanged throughout the year.

ING’s Min Joo Kang expects the Bank of Korea (BoK) to stay focused on inflation stabilisation and financial stability as resilient growth combines with rising price pressures.

Commerzbank notes Bank Negara Malaysia raised its 2026 growth forecast to 4.0–5.0% on resilient domestic demand, with consumption and investment underpinned by wages, labour market strength and government support.

Standard Chartered economists Hunter Chan and Shuang Ding expect China’s Q1 2026 GDP growth to have accelerated to 4.8% year-on-year, supported by robust exports and recovering investment.

MUFG’s Senior Currency Analyst Michael Wan notes that Asian currencies recovered as risk sentiment improved following comments from US President Trump on ending the Iran war, even as Oil prices stayed elevated.

DBS Group Research’s Radhika Rao highlights India’s fiscal response to elevated global energy prices and Rupee weakness.

ABN AMRO's Senior Economist Bill Diviney notes Eurozone inflation rose to 2.5% year-on-year in March, driven mainly by higher petrol and energy prices, while core inflation eased to 2.3%.

Rabobank’s Senior FX Strategist Jane Foley notes that Norges Bank has shifted to a more hawkish stance as Norwegian inflation proves sticky. January and February CPI data surprised on the upside, prompting markets to move from expecting rate cuts to pricing in further tightening.

Deutsche Bank analysts Shreyas Gopal and Sanjay Raja note that UK consumer confidence in March 2026 was surprisingly resilient, sitting between levels seen at the onset of Covid and the 2022 energy shock.

TD Securities analysts expect the March US labor report to show a normalization in Nonfarm Payrolls (NFP), with headline gains of 30k, private NFP at 40k and a -10k drag from government jobs.

Commerzbank economists Bernd Weidensteiner and Christoph Balz assess how the recent surge in Brent and WTI prices affects the US economy. They stress that the United States is structurally less vulnerable than in the 1970s thanks to lower oil intensity and higher domestic production.

HSBC’s Willem Sels and Lucia Ku maintain a positive six‑month view on US equities and USD investment grade credit. They highlight the United States’ status as an energy exporter, robust projected earnings growth, and strong technology and AI‑related investment.

ABN AMRO's Senior Economist Bill Diviney argues the ECB is likely to raise rates at its April and June meetings, taking the deposit rate to 2.50% to prevent de-anchoring of inflation expectations.

United States Business Inventories came in at -0.1%, below expectations (0.1%) in January

United States ISM Manufacturing PMI registered at 52.7 above expectations (52.5) in March