United States 4-Week Bill Auction dipped from previous 3.62% to 3.56%

BNY Strategist Geoff Yu argues that European rate markets still discount too many hikes for the European Central Bank (ECB), Bank of England (BoE) and Swiss National Bank (SNB) despite an improvement in global risk sentiment following the U.S.–Iran ceasefire.

United States EIA Natural Gas Storage Change above expectations (41B) in April 3: Actual (50B)

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Thursday that central banks should hike interest rates if inflation expectations threaten to de-anchor and ignite an inflation spiral, per Reuters.

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has fallen sharply on a stronger Chinese Yuan (CNY) fix and improved risk sentiment following the US-Iran ceasefire.

United States Wholesale Inventories above expectations (-0.2%) in February: Actual (0.8%)

Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions.

Russia Central Bank Reserves $ down to $767.5B from previous $775.4B

The United States' (US) real Gross Domestic Product (GDP) expanded at an annual rate of 0.5% in the fourth quarter, the US Bureau of Economic Analysis' third estimate showed on Thursday.

Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 2.8% in February, the US Bureau of Economic Analysis (BEA) reported on Thursday. This print came in line with the market expectation.

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 219K for the week ending April 4.

United States Core Personal Consumption Expenditures (QoQ) meets expectations (2.7%) in 4Q

United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q

United States Personal Spending in line with expectations (0.5%) in February

United States Gross Domestic Product Price Index below forecasts (3.8%) in 4Q: Actual (3.7%)

United States Continuing Jobless Claims came in at 1.794M below forecasts (1.84M) in March 27

United States Gross Domestic Product Annualized below expectations (0.7%) in 4Q: Actual (0.5%)

United States Personal Income (MoM) came in at -0.1% below forecasts (0.3%) in February

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.4%) in February

United States Core Personal Consumption Expenditures - Price Index (YoY) meets expectations (3%) in February

United States Personal Consumption Expenditures - Price Index (YoY) in line with forecasts (2.8%) in February

United States Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.4%) in February

United States Initial Jobless Claims 4-week average rose from previous 207.75K to 209.5K in April 3

United States Initial Jobless Claims above forecasts (210K) in April 3: Actual (219K)

Iran's President Masoud Pezeshkian said on Thursday that Israeli strikes on Lebanon would deem negotiations meaningless because they violate the ceasefire agreement, per Reuters.

Mexico Headline Inflation below forecasts (0.88%) in March: Actual (0.86%)

Mexico 12-Month Inflation below expectations (4.61%) in March: Actual (4.59%)

Mexico Core Inflation came in at 0.38% below forecasts (0.4%) in March

Deutsche Bank’s Sanjay Raja expects UK GDP to rebound by 0.2% m-o-m in February after a flat January, with balanced risks around the nowcast. The bank’s models also point to a possible upward revision to January.

Commerzbank’s Tatha Ghose expects Poland’s NBP to keep rates on hold after the Iran-related energy shock derailed its easing cycle. With Oil prices unlikely to normalise quickly, emergency fiscal measures and distorted price signals keep policy in a reactive, geopolitical framework.