Korea (Republic of) Consumer Confidence (Apr) 99.2 (Prev. 107.0)
The substantial drop in South Korea's consumer confidence from 107.0 to 99.2 suggests a notable deterioration in consumer sentiment, which could signal potential weakness in domestic demand going forward.
American Airlines (AAL) is said to explore Alaska Air (ALK) revenue-sharing deal, with merger talks raised but didn't gain traction, Bloomberg reports citing sources
Iran seizes two ships in the Strait of Hormuz citing violations and dangerous navigation, according to SNN
Korea (Republic of) Consumer Confidence (Apr) 99.2 (Prev. 107.0)
White House Economic Advisor Hassett says inflation is very much declining at the core level and that falling inflation should help the Fed normalise rates, can imagine rate cuts alongside reducing balance sheet
The US military intercepts at least 3 Iranian oil tankers in Asian waters and are redirecting the tankers, according to shipping and security sources
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This shift may raise concerns about the growth outlook, potentially influencing monetary policy and consumer spending behavior in the near term.
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