Italian Retail Sales MoM (Mar) M/M 0.8% vs. Exp. -0.4% (Prev. 0%)
The Italian retail sales data for March shows a significant beat, coming in at +0.8% month-on-month against an expected decline of -0.4%.
[MARKET UPDATE] USD/JPY falls from 156.12 to 155.70 over two minutes before retracing the entirety of the move. Does not look like intervention. Potentially a function of the recent moves in crude.
ECB Wage Tracker: 2026 annual 2.282% (prev. 2.270%)
Italian Retail Sales MoM (Mar) M/M 0.8% vs. Exp. -0.4% (Prev. 0%)
"Iraqi Prime Minister-designate Ali al-Zaidi held a telephone conversation with US Secretary of War Hegseth about bilateral relations in various fields", Tasnim reports
[MARKET UPDATE] Energy benchmarks continue to retreat, Brent below USD 107/bbl, following a handful of geopolitical updates. Adding to the gains in fixed benchmarks and equity futures.
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This positive surprise not only reverses the previous decline but may also signal stronger consumer spending, which could support the overall growth outlook for the Eurozone. Traders should consider potential implications for the ECB's policy stance and growth forecasts if this trend continues.
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