Indian Govt: Indian, US officials meet in Washington, trade talks make positive progressEurozone April final consumer confidence -16.7 vs -16.7 prelimECB consumer survey shows 1 year inflation expectations rising to 2.9%Eurozone March M3 money supply +3.6% vs +4.0% y/y expectedChina: If US wants resolution, it should stop making threatsECB's Cipollone: Trade policy uncertainty could reduce business investmentSpain Q1 preliminary GDP +0.6% vs +0.7% q/q expectedSpain April Flash CPI Y/Y 2.2% vs 2.0% expectedWhat are the main events for today?Germany May GfK consumer sentiment -20.6 vs -26.0 expectedWill sit down with Trump to discuss future ties as two sovereign nations - CarneyFX option expiries for 29 April 10am New York cut
It's been a pretty quiet session with no notable data or news releases. The Spanish Flash CPI was higher than expected but that won't change ECB's plan of cutting rates in June unless we get resolutions on the tariffs front.
We got some positive comments from the Indian Government on the trade talks although it didn't look like there's something concrete yet. Nonetheless, the markets will likely be fine with some details like the tariffs rate and so on, so everyone is watching out for that.
In the American session, we have the US Job Openings data and the US Consumer Confidence report. The focus though, will be on US Treasury Secretary Bessent joining the White House Briefing at 08:30 ET/12:30 GMT, and later in the day on the US Secretary of Commerce Lutnick speaking on CNBC at 18:00 GMT/14:00 ET.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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