Some good news for Europe
It's a leading indicator.
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Belgian April business confidence +1.0 vs +0.1 prior
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Bank of Canada's Macklem backs Fed independence ahead of Powell departure
- RBA set to hike to 4.35% today. NAB sees cash rate peaking near 4.6%.
- Rabobank holds yen bull view despite poor run, eyes Hormuz as key risk
- Australian data: March household spending +1.6% m/m (prior +0.3%)
- Iran launches boats, missiles and drones at US warships in Hormuz confrontation
- Chevron chief compares Hormuz crisis to 1970s oil shocks as shortages loom
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