German HCOB Construction PMI (Apr) 42.1 (Prev. 48.0)

The significant decline in the German HCOB Construction PMI to 42.1 from the previous 48.0 indicates a marked contraction in the construction sector, highlighting ongoing weaknesses in demand.

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[PREVIEW] Norges Bank Policy Decision on Thursday, 7th May.

"Pakistani source to Al Arabiya says Iran may hand over its response to the US proposal to the Pakistani mediator today", Al Arabiya

German HCOB Construction PMI (Apr) 42.1 (Prev. 48.0)

Pakistani Foreign Ministry says "We expect an urgent agreement between Iran and the United States", Al Araby reports

[MARKET UPDATE] Crude continues falling alongside the DXY, whilst equity and fixed income futures rise further following reports that US and Iran are said to be closer to reaching an understanding on the Strait of Hormuz

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This drop could signal further easing in economic activity, which may have implications for monetary policy considerations and growth outlooks across the Eurozone.

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