Korea (Republic of) PPI MoM (Mar) M/M 1.6% (Prev. 0.6%)
The sharper-than-expected increase in South Korea's PPI reflects rising input costs, which could hint at inflationary pressures building in the economy.
Tasnim noted that continuation of naval blockade means continuation of hostilities, adds Iran will not reopen Strait of Hormuz until the maritime blockade continues and will break the blockade by force if necessary
Iranian TV states Iran will not recognize ceasefire announced by Trump and may not abide by it and will act in accordance with its national interests, according to Al Mayadeen
Korea (Republic of) PPI MoM (Mar) M/M 1.6% (Prev. 0.6%)
T-Mobile (TMUS) and Deutsche Telekom (DTE GY) weigh a combination, according to WSJ
US Private Energy Inventories (bbls): Crude -4.5mln (exp -1.8mln), Distillate -4.6mln (exp. -2.5mln), Gasoline -5.2mln (exp. -1.3mln), Cushing +0.7mln
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This significant uptick from the previous month may raise concerns about future price stability and could influence policymakers' approach to interest rates, particularly in relation to global trends.
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