United Kingdom (UK) Prime Minister Keir Starmer said during European trading hours on Wednesday that the ongoing war in the Middle East will affect the future of our economy. Starmer expresses willingness to take the leadership role in the reopening of the Strait of Hormuz.

In its Financial Policy Committee (FPC) statement released on Wednesday and reported by Reuters, the Bank of England (BoE) said the United Kingdom’s (UK) financial system remains resilient but warned that global risks are increasing as geopolitical tensions and stretched asset valuations raise the l

TD Securities analysts expect the Bank of Canada (BoC) Summary of Deliberations to reiterate a dovish tone, emphasizing Canada’s softer domestic backdrop and recent disinflation.

MUFG’s Head of Research Derek Halpenny warns that the Pound’s (GBP) strong March performance looks vulnerable. He links Sterling’s gains mainly to yields, while highlighting the UK’s rising energy import dependency, shrinking refinery capacity, and risks of refined fuel shortages.

United States (US) President Donald Trump said to the United Kingdom (UK) Daily Telegraph that he is strongly considering pulling the US out of the North Atlantic Treaty Organization (NATO). Trump added that he always knew NATO was a 'Paper Tiger'.

The Institute for Supply Management (ISM) is scheduled to release the March Manufacturing Purchasing Managers’ Index (PMI) on Wednesday. Market participants anticipate it would ease modestly to 52.3 from the 52.4 posted in February.

Greece Unemployment Rate (MoM) up to 8.5% in February from previous 7.7%

DBS Group Research economist Radhika Rao notes Eurozone inflation accelerated to 2.5% year-on-year in March 2026, mainly on higher energy costs, while food and core pressures stayed moderate.

Standard Chartered economists Dan Pan and Steve Englander argue that additional US tax refunds under the OBBBA will be smaller than markets and Congress expect, limiting their impact on 2026 US growth.

Bank of Japan (BoJ) policymaker Toichiro Asada said during European trading hours on Wednesday that higher oil prices have prompted upside inflation risks.

United Kingdom S&P Global Manufacturing PMI below forecasts (51.2) in March: Actual (51)

Danske Research Team points to softer US labour indicators and lower yields as headwinds for the US Dollar (USD). JOLTS openings fell and the openings-to-unemployment ratio dropped, hinting at weaker wage growth.

Italy Unemployment meets forecasts (5.3%) in February

Greece S&P Global Manufacturing PMI up to 54.5 in March from previous 54.4

Austria Unemployment Rate declined to 7.5% in March from previous 8.3%

Austria Unemployment fell from previous 357.5K to 322.7K in March

This week, the US job market will be in the spotlight as worries mount that the economy may be losing steam.

DBS Group Research economist Radhika Rao discusses India’s response to persistent Middle East tensions and high energy prices, focusing on the Rupee and local markets.

Spain HCOB Manufacturing PMI registered at 48.7, below expectations (50.3) in March

Sweden Manufacturing PMI climbed from previous 56.1 to 56.3 in March

Switzerland Real Retail Sales (YoY) meets forecasts (0.9%) in February

Commerzbank’s Volkmar Baur argues that fears over an end to the petrodollar do not automatically imply a loss of the US Dollar’s reserve status.

Russia S&P Global Manufacturing PMI: 48.3 (March) vs previous 49.5

Asian equities rise as improved global sentiment boosted regional markets following a strong rally on Wall Street overnight. Risk appetite improves on rising hopes for Middle East peace resolution.

Australia RBA Commodity Index SDR (YoY) rose from previous 3.4% to 12.8% in March

Netherlands, The Nevi Manufacturing PMI climbed from previous 50.8 to 52 in March

Indonesia Core Inflation (YoY) below forecasts (2.63%) in March: Actual (2.52%)

Indonesia Inflation (MoM) below forecasts (0.46%) in March: Actual (0.41%)

Indonesia Trade Balance below expectations ($1.55B) in February: Actual ($1.28B)

Indonesia Imports below expectations (11.2%) in February: Actual (10.85%)