Japanese Industrial Production MoM Final (Mar) M/M -0.4% vs. Exp. -0.5% (Prev. -2.0%)
The final reading for Japan's industrial production showed a smaller decline at -0.4% month-over-month against expectations of -0.5%, marking a notable improvement from the previous month's -2.0%.
US officials told NYT Iran has taken advantage of the ceasefire to re-expose dozens of bombed ballistic missile sites, move mobile missile launchers, and adjust its tactics in anticipation of a possible resumption of attacks, according Amichai Stein
The EU is set to unveil an action plan to bolster fertiliser supplies and mitigate food price inflation, the FT reports citing draft proposals
Japanese Industrial Production MoM Final (Mar) M/M -0.4% vs. Exp. -0.5% (Prev. -2.0%)
Iran's Foreign Ministry noted details of meeting between Foreign Minister Araghchi and Pakistan's Interior Minister Naqvi in which they discussed bilateral cooperation between Iran and Pakistan, including in the security and economic fields
IRGC claims new uninterceptible missile capability and Iran maintains 3-shift round-the-clock missile production, according to SNN
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This data may indicate a stabilizing trend in Japan's industrial activity, which could have positive implications for commodities linked to manufacturing and economic health in the region. Traders should consider how this might affect market sentiment towards Japanese equities and the yen, especially in relation to global economic conditions.
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