China Retail Sales (YoY) came in at 3.1%, below expectations (4.5%) in March

Following his meeting with the Chinese counterpart, Iranian Foreign Minister Hossein Amir-Abdollahian said that “Iran is willing to exercise restraint and has no intention of further escalating the situation.” In a phone call with Iran’s Foreign Minister, China's Foreign Minister noted that 'It is believed that Iran will be able to grasp the situation well and avoid further instability while safeguarding Iran's sovereignty and dignity.” Market reaction Despite a thaw in the Israel-Iran conflict, the