• US Central Command spokesperson said US forces conducted self-defence strikes in southern Iran on Monday, in which US forces hit targets, including missile launch sites and Iranian boats attempting to emplace mines.
  • Iranian Supreme Leader Khamenei said America will no longer have a safe haven in the Middle East, while the IRGC affirm its right to respond to any ceasefire breach. 
  • Global bourses pare Monday's gains after renewed US strikes on Iranian sites, while Ferrari stalls following EV launch.
  • DXY rangebound, Kiwi underperforms heading into RBNZ, Cable reverses from 1.35 while EUR firmer as Schnabel sees a June hike. 
  • Fixed income benchmarks hold a negative bias amid higher energy prices, as US strikes Iranian sites in "self-defence."
  • Looking ahead, highlights include US Chicago Fed National Activity Index (Apr), Dallas Fed Manufacturing Index (May), Consumer Confidence (May), NBH Policy Announcement (May), Speakers include ECB's Sleijpen, Supply from the US.

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