German Retail Sales, a key measure of consumer spending, declined again in March. The consumer spending measure fell 2.0% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.1%. In February, Retail Sales eased by 0.3% (revised from -0.6%).
The Bank of England (BoE) is widely expected to hold the benchmark Bank Rate unchanged at 3.75% for a third consecutive meeting on Thursday, as traders assess the impact of the Middle East war on prices and the UK economy.
The Indian Rupee (INR) plunges to record lows against the US Dollar (USD) at open on Thursday.
A report released by the Bank of Japan (BoJ) on Thursday revealed that the impact of weak Japanese Yen shock on inflation bigger than that from oil shock.
West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $105.70 per barrel during the Asian hours on Thursday. Crude oil prices climb as a deepening naval blockade of Iranian ports.
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) climbed to 52.2 in April from 50.8 in March, the latest data published by RatingDog showed on Thursday.
China’s official Manufacturing Purchasing Managers' Index (PMI) eased to 50.3 in April, compared to 50.4 in the previous reading. The reading came in above the market consensus of 50.1 in the reported month.
The Federal Reserve (Fed) left its policy rate unchanged at 3.50% to 3.75%, a widely expected move, but the underlying message was far from straightforward.
Royal Bank of Canada (RBC) economist Claire Fan notes that the Bank of Canada (BoC) kept its overnight rate at 2.25% and signaled that a policy rate near current levels remains appropriate if its base-case outlook holds.