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Chain of rate decisions fails to reverse sell off triggered by FOMC

EU mid-market update: Chain of rate decisions fails to reverse sell off triggered by FOMC; Focus on borderline BoE decision later and BoJ overnight.

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Risk aversion flows continue to dominate amid growth concerns

- Risk aversion flows continue to dominate amid growth concerns. Asia - Australia Apr Employment Change: +4.0K v +30.0Ke; Unemployment Rate: 3.9% v 3.

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Awaiting US CPI print

- Markets continue focusing on the monetary policy implications of high inflation. - German March CPI confirms highest annual pace since 1993 reunific

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Norges delivers another rate hike, focus turns to various EU meetings on Ukraine

- EU Leaders, NATO and G7 all meeting today; EU Council's summit might bring a new round of sanctions against Russia. - Norway Central Bank continued

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