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France and Germany Split on Europe’s Role in Securing Hormuz

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(Bloomberg) — Europeans are diverging over how to conduct a mission to secure sea lanes in the Strait of Hormuz, as French President Emmanuel Macron and UK Prime Minister Keir Starmer convene a meeting of leaders later Friday to discuss the issue. Read More

Fortuna Renews Share Buyback Program

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A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/2a3e95c7-58e7-46d0-861f-3160cb18c839 Read More

ECB Must Be ‘Vigilant’ Without Rushing Rate Hikes, Muller Says

ECB Must Be ‘Vigilant’ Without Rushing Rate Hikes, Muller Says

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(Bloomberg) — The European Central Bank needs to stay “vigilant“ to potential inflation risks from the Iran war but mustn’t act in haste, Governing Council member Madis Muller said. Read More

JPMorgan, UBS See Little Stock Upside Left in Europe This Year

JPMorgan, UBS See Little Stock Upside Left in Europe This Year

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(Bloomberg) — Looming downgrades to over-optimistic earnings expectations mean European stocks will struggle to rise further this year, according to strategists surveyed by Bloomberg.  Read More

European stocks muted with Middle East peace hopes in focus

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Apple iPhone shipments surge 20% in China, bucking broader market slump

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Apple’s iPhone shipments in China surge 20% in Q1, data shows

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Oil Drops as Trump Strikes Upbeat Tone With War Near 50-Day Mark

Oil Drops as Trump Strikes Upbeat Tone With War Near 50-Day Mark

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(Bloomberg) — Oil dropped as President Donald Trump struck an optimistic tone on prospects for a permanent ceasefire between the US and Iran. Read More

Europe Looks to Contain Trump’s Fury as It Hosts Hormuz Summit

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(Bloomberg) — The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure the waterway. Read More

Goldman Sachs faces senior banker departures in Asia operations – Bloomberg

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US Weekly Highlight

Monday Apr 13:
Existing Home Sales – Mar

Tuesday Apr 14:
Core PPI – Mar
PPI – Mar

Friday Apr 17:
Building Permits – Feb

Canada Weekly Highlight

Monday Apr 13:
Building Permits – Feb

Wednesday Apr 15:
Wholesale Sales – Feb
Manufacturing Sales – Feb

Friday Apr 17:
Housing Starts – Mar

Rest of the world Weekly Highlight

Thursday Apr 16:
UK – GDP – Feb
EU – CPI – Mar

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