Here is what you need to know on Friday, April 19: Safe-haven flows dominate the action in financial markets on the last trading day of the week as investors seek refuge on growing fears over a deepening conflict in the Middle East.
The economic calendar will not feature any high-tier data releases and market participants will keep a close eye on geopolitical headlines. In the early hours of Friday, reports of Israeli missiles striking Iran triggered a flight to safety. Although Israel is yet to officially confirm a retaliatory attack against Iran, several news outlets, such CBS and CNN, reported US officials saying that Israel has carried out the strike.
During the Asian trading hours, the data from Japan showed that the National Consumer Price Index rose 2.7% on a yearly basis in March, down slightly from the 2.8% increase recorded in February. This reading came in line with the market expectation. In the meantime,Bank of Japan Governor Kazuo Ueda said that they may raise interest rates again if the Yen's declines considerably increase inflation, highlighting the impact currency moves may have on the timing of the next policy shift.
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