Italy Trade Balance non-EU climbed from previous €5.529B to €5.643B in March

Ireland Retail Sales (MoM) increased to 0.2% in March from previous -0.8%

Ireland Retail Sales (YoY) up to 1.6% in March from previous 0.8%

Societe Generale analysts discuss persistent headwinds for the Indian Rupee (INR) against US Dollar (USD) as India faces large Oil and Gold import bills.

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as energy prices remain uncomfortably high amid ongoing uncertainty in the Middle East, putting the Fed’s dual mandate under strain.

Germany 10-y Bond Auction rose from previous 2.92% to 3.08%

Commerzbank’s Michael Pfister expects the Bank of Canada (BoC) to keep rates unchanged as policymakers assess the impact of the Middle East conflict and softer inflation.

Italy 5-y Bond Auction dipped from previous 3.48% to 3.32%

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $72.81 per troy ounce, down 0.38% from the $73.09 it cost on Tuesday.

Deutsche Bank analysts highlight that Australian Consumer Price Index (CPI) rose 4.6% year-on-year in March, slightly below expectations, while trimmed mean inflation stayed above the Reserve Bank of Australia's (RBA) target band.

ING strategist Francesco Pesole notes the US Dollar (USD) has recovered as United States (US) equities wobble and geopolitical tensions persist.

Eurozone Business Climate dipped from previous -0.27 to -0.28 in April

DBS Group Research economist Radhika Rao notes that India’s 10Y bond yield is moving back towards 7% as Brent Oil trades above $110 and markets price tighter policy.

Eurozone Economic Sentiment Indicator below forecasts (95.3) in April: Actual (93)

Eurozone Services Sentiment came in at 0.9, below expectations (3.8) in April

Eurozone Consumer Confidence in line with forecasts (-20.6) in April

Eurozone Industrial Confidence registered at -7.7, below expectations (-7) in April

Belgium Gross Domestic Product (QoQ) rose from previous 0.1% to 0.2% in 1Q

Greece Unemployment Rate (MoM) increased to 9% in March from previous 8.5%

MUFG’s Michael Wan notes United Arab Emirates' (UAE) surprise decision to leave OPEC/OPEC+ from 1 May, driven by dissatisfaction with quotas and significant spare capacity.

Pepe (PEPE) is gaining strength at press time on Wednesday, edging higher toward a key resistance area near $0.00000400. Retail interest in the frog-themed meme coin is rising alongside leverage-linked trading activity in PEPE futures.

The US Dollar (USD) posts moderate gains against a basket of majors for the second consecutive day on Wednesday and remains close to two-week highs in the area of $99.00.

AUD/USD extends its losses for the second successive day, trading around 0.7160 during the European hours on Wednesday.

Commerzbank’s Volkmar Baur explains that softer underlying inflation in Australia has reduced market confidence in another Reserve Bank of Australia (RBA) rate hike next week, after two consecutive moves in February and March.

TD Securities strategists Andrew Kelvin, Robert Both and Emma Lawrence note that Canada’s Spring Economic Update leaves the FY26-27 deficit projection near Budget 2025 levels as stronger revenues fund CAD 37.5bn of new measures.

Portugal Business Confidence remains unchanged at 2.6 in April

Portugal Consumer Confidence dipped from previous -18.7 to -23.9 in April