APR 11. Europe, keep the rate as it is…Strange Japanese Yen and inflations in USA…

Germany’s airline Lufthansa suspended Tehran flights today, meaning that Iran might attack Israel anytime soon or possibly vice versa.

But crude oil markets were calmed down a bit with continued peace talk between Israel and Hamas. Israeli Airforce killed three sons of Hamas leader yesterday but talk re-started somehow today.

Inflation worries still leading the global market, European Central Bank decided to keep the rate as it is.

Crude oil market and Inflation worries are two main factors of the week.

US stock markets were recovering today with weaker than expected PPI number.

PPI in March was 2.1%, year on year base. Players were estimating around 2.3% this time. But still, PPI in Feb was 1.6% on year based, meaning PPI is raising as well.

DJ index was downed by 0.01% but S&P 500 index was up 0.7%, NASDAQ index was up 1.7%.

As ECB decided to keep the rate at 4% this time, FED is more raising its voices on inflation worries.