Government bond yields in Italy, France, and Spain have climbed as investors demand higher premiums amid rising fiscal burdens and systemic uncertainty.

In the US, the labor market demonstrated resilience with 178,000 new jobs in March and unemployment steady at 4.3%. Global commodity markets remain highly sensitive to the Middle East conflict, with gold eyeing a break above $4,750 and the FAO Food Price Index hitting a six month high of 128.5 points due to energy linked costs. Looking ahead, markets await US CPI data, projected at 3.4%, and the FOMC minutes for further clarity on interest rate trajectories.

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