South Africa Consumer Price Index (MoM) climbed from previous 0.6% to 1.1% in April

South Africa Consumer Price Index (YoY) above forecasts (3.9%) in April: Actual (4%)

MUFG’s Derek Halpenny highlights growing downside risks for the Japanese Yen as rising US yields and higher Fed hike probabilities support the Dollar.

European Central Bank policymaker and Bank of France nominee Emmanuel Moulin said during the European trading session on Wednesday that it is too soon to say whether the central bank will make any monetary policy adjustment in the June policy meeting.

Commerzbank’s Michael Pfister notes that Canadian inflation surprised to downside on core measures, staying near 2%, helped by Canada’s status as a net energy exporter and a weak labour market. He questions market expectations for two Bank of Canada (BoC) hikes by year-end.

Deutsche Bank analysts highlight a sharp selloff in US Treasuries, with 30‑year yields reaching post‑2007 highs and 10‑year yields at their highest since early 2025.

Indonesia Bank Indonesia Rate above expectations (5%): Actual (5.25%)

UOB strategists Quek Ser Leang and Lee Sue Ann maintain a negative stance on EUR/USD after the pair broke below 1.1600 and closed lower around 1.1604.

NZD/USD remains flat after experiencing volatility, hovering around 0.5830 during the Asian hours on Wednesday. The pair maintains its position with a bearish tilt as the US Dollar (USD) receives support from safe-haven flows.

Austria HICP (MoM) came in at 0.5%, above forecasts (0.4%) in April

Austria HICP (YoY) came in at 3.4%, above expectations (3.3%) in April

Japanese Prime Minister Sanae Takaichi said on Wednesday that the government is not at the stage to comment on the scale of the extra budget, adding that it's possible the extra budget is aimed mainly at responding to the Middle East situation. 

The EUR/GBP cross pares losses near 0.8660 during the early European trading hours on Wednesday. The British Pound (GBP) edges slightly lower against the Euro (EUR) following the release of the UK inflation report.

Danske Research Team reports that equities sold off again as rising global bond yields and debt and inflation concerns overshadow an otherwise constructive macro and earnings backdrop.

United Kingdom Consumer Price Index (YoY) came in at 2.8%, below expectations (3%) in April

United Kingdom Producer Price Index - Input (MoM) n.s.a registered at 2.4% above expectations (1%) in April

United Kingdom PPI Core Output (MoM) n.s.a up to 0.7% in April from previous 0.2%

United Kingdom PPI Core Output (YoY) n.s.a up to 2.4% in April from previous 2%

United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 4% above expectations (2.8%) in April

United Kingdom Producer Price Index - Output (MoM) n.s.a above expectations (1%) in April: Actual (1.4%)

United Kingdom Core Consumer Price Index (YoY) came in at 2.5% below forecasts (2.6%) in April

United Kingdom Producer Price Index - Input (YoY) n.s.a above forecasts (5.9%) in April: Actual (7.7%)

United Kingdom Consumer Price Index (MoM) below expectations (0.9%) in April: Actual (0.7%)

Stock markets in the Asian region extend their underperformance on Wednesday, facing intense pressure due to surging United States (US) Treasury Yields amid growing expectations that the Federal Reserve (Fed) will deliver at least one interest rate hike this year.

Netherlands, The Consumer Price Index n.s.a (YoY) in line with expectations (2.8%) in April

The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for March at 06:00 GMT. 

China PBoC Interest Rate Decision meets expectations (3%)

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Wednesday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that she favored leaving interest rates unchanged and conditioned lower borrowing costs on making sustained progress on inflation, Bloomberg reported on Tuesday.

BNY’s Bob Savage highlights growing stress across emerging Asian assets as higher U.S. yields, a stronger Dollar and Oil shock weigh on Indonesia, the Philippines and India. IDR has hit record lows amid downgrades and index removals, while EM bonds face rising inflation and funding costs.