Commerzbank’s Tatha Ghose reports that the Hungarian Forint has steadily outperformed regional peers over the past year, helped by expectations of political change and improved EU relations.

According to a Reuters report, negotiating teams from the United States (US) and Iran could return to Islamabad this week after failing to get a breakthrough in the first round of talks between the two held over the weekend.

BNY’s John Velis notes that market-implied US policy rates are virtually flat through end-2026, reflecting uncertainty around growth, inflation and the ongoing war.

Spain Harmonized Index of Consumer Prices (YoY) came in at 3.4%, above forecasts (3.3%) in March

Spain Harmonized Index of Consumer Prices (MoM) registered at 1.7% above expectations (1.5%) in March

Spain Consumer Price Index (YoY) came in at 3.4%, above expectations (3.3%) in March

Spain Consumer Price Index (MoM) above forecasts (1%) in March: Actual (1.2%)

Danske Research Team reports a solid rebound in US equities, with the S&P 500 up 1% and tech leading gains.

The Japanese Yen (JPY) gains against the US Dollar (USD) as easing oil prices fade stagflation concerns in Japan. However, the recent surge in energy costs linked to Middle East concerns, fueled expectations of a near-term Bank of Japan (BoJ) rate hike.

According to a report from the New York Times (NYT), Iranian officials had proposed suspending its uranium enrichment for up to five years in its weekend talks with the United States (US) in Pakistan.

Asian stock markets add significant gains on Tuesday as comments from United States (US) President Donald Trump and Vice President (VP) JD Vance, hinting that talks with Iran were not a complete failure, have prompted demand for risk-sensitive assets.

Japan Industrial Production (MoM) came in at -2%, above expectations (-2.1%) in February

Japan Industrial Production (YoY): 0.4% (February) vs 0.3%

Japan Capacity Utilization dipped from previous 2.9% to -0.1% in February

Iran-backed Hezbollah has stated in the Asian session on Tuesday that it won’t accept terms from agreements between Israel and Lebanon, who are scheduled for peace talks in Washington at 15:00 GMT.

In a Semafor interview on Tuesday, US Treasury Secretary Scott Bessent said  that “the US should ‘wait and see’ before lowering interest rates.”

In US Dollar (USD) terms, China’s Trade Surplus shrank more than expected in March.

China Trade Balance CNY declined to 354.75B in March from previous 1500B

China Exports (YoY) CNY dipped from previous 19.2% to -0.7% in March

China Imports (YoY) registered at 27.8% above expectations (11.1%) in March

China Exports (YoY) below expectations (8.3%) in March: Actual (7.1%)

China Trade Balance USD came in at $51.13B below forecasts ($112B) in March

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $91.50 during the Asian hours on Tuesday.

Australia National Australia Bank's Business Confidence: -29 (March) vs previous -1

Australia National Australia Bank's Business Conditions declined to 6 in March from previous 7

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, speaking in a fireside chat earlier this Tuesday, warned that Australia is facing a difficult macroeconomic backdrop.

Australia Westpac Consumer Confidence down to -12.5% in April from previous 1.2%

Singapore Gross Domestic Product (QoQ) came in at -0.3%, above expectations (-0.5%) in 1Q

Singapore Gross Domestic Product (YoY) came in at 4.6% below forecasts (5.4%) in 1Q

OCBC strategists Sim Moh Siong and Christopher Wong expect the Monetary Authority of Singapore (MAS) to tighten policy on 14 April 2026 by increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (S$NEER) slope to counter imported inflation.