Italian Retail Sales YoY (Mar) Y/Y 3.7% (Prev. 1.6%)
The Italian Retail Sales data shows a significant increase to 3.7% YoY in March from the previous 1.6%.
[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 YoY (Mar) Y/Y 3.7% (Prev. 1.6%)
"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 strong performance may indicate improving consumer sentiment and spending, which could have positive implications for the broader European growth outlook and may even influence ECB policy considerations. Given the substantial beat, it could also lead to adjustments in growth forecasts for Italy and the euro area.
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