United Overseas Bank’s Alvin Liew reports the Bank of Japan (BoJ) left its policy rate at 0.75% but signalled that the next move will be a hike as underlying inflation nears target and real rates stay very low.

TD Securities strategists Oscar Munoz and Eli Nir argue that new inflation tools championed by incoming Fed Chair Kevin Warsh, including trimmed mean measures and a potential big-data price project, will not materially alter the policy outlook.

Consumer sentiment in the United States (US) improved slightly in April, with the Conference Board's (CB) Consumer Confidence Index rising to 92.8 in April from 92.2 in March.

United States Richmond Fed Manufacturing Index above expectations (-4) in April: Actual (3)

Societe Generale analysts note Brent has rallied above $110 per barrel, with negotiations over Iran focused on restoring the status quo and reopening the Strait of Hormuz.

In a post published on Truth Social on Tuesday, United States (US) President Donald Trump said that Iran has just informed them they are in a "stat of collapse."

TD Securities analysts highlight that the European Central Bank (ECB) Consumer Expectation Surveys showed a notable upside surprise in 1-year and 3-year inflation expectations.

The United Arab Emirates (UAE) announces its decision to leave the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+), marking a major turning point for the balance of the global energy market.

United States Housing Price Index (MoM) came in at 0% below forecasts (0.2%) in February

United States S&P/Case-Shiller Home Price Indices (YoY) down to 0.9% in February from previous 1.2%

United States Redbook Index (YoY) climbed from previous 6.7% to 7.7% in April 24

Danske Bank’s Danske Research Team notes that the Bank of Japan (BoJ) kept its policy rate at 0.75% with a closer 6-3 vote, reinforcing expectations for a potential June or summer hike.

Antje Praefcke at Commerzbank discusses the likely confirmation of Kevin Warsh as new Fed Chair in May, potentially succeeding Jerome Powell by mid‑month.

United States ADP Employment Change 4-week average dipped from previous 54.8K to 39.3K in April 4

Societe Generale analysts expect no change by the MNB today at 6.25% and describe EUR/HUF extending its decline after failing above the 200‑day moving average in March, with an interim low near 360.

Standard Chartered strategists Christopher Graham and John Davies expect the Bank of England (BoE) to keep the base rate at 3.75% at the 30 April meeting, with a prolonged pause through this year.

United States (US) State Secretary of Energy Chris Wright said during the European trading session on Tuesday that President Donald Trump is focused on getting the right deal with Iran.

India Industrial Output below expectations (4.2%) in March: Actual (4.1%)

India Manufacturing Output fell from previous 6% to 4.3% in March

India Cumulative Industrial Output remains unchanged at 4.1% in March

Commerzbank’s Michael Pfister expects an uneventful Hungarian National Bank (MNB) meeting, with all surveyed economists and market pricing pointing to unchanged rates over the next six months.

ING’s Warren Patterson raises ICE Brent forecasts as prolonged disruption through the Strait of Hormuz persists and peace talks between the US and Iran stall.

Italy Producer Price Index (MoM): 4.4% (March) vs -0.4%

Italy Producer Price Index (YoY) climbed from previous -2.7% to 4.2% in March

TD Securities analysts Alex Loo and Prashant Newnaha report that the Bank of Japan (BoJ) left its policy rate at 0.75% with a 6–3 vote, as three hawkish dissenters backed a 25 bps hike.

BNY strategist John Velis expects the Federal Reserve (Fed) to leave rates unchanged at the April Federal Open Market Committee (FOMC) meeting and provide limited forward guidance, reflecting uncertainty around inflation and the Iran conflict.

EUR/CAD depreciates for the second successive day, trading around 1.5960 during the European hours on Tuesday. The currency cross holds losses as the Euro (EUR) struggles on increased safe-haven demand amid stalled US-Iran peace talks.

Italy Industrial Sales n.s.a. (YoY) up to 0.5% in February from previous -1%

Italy Industrial Sales s.a. (MoM) up to 0.6% in February from previous -0.3%

Austria UniCredit Bank Manufacturing PMI fell from previous 52.4 to 51.2 in April