The Reserve Bank of Australia (RBA) has raised its rates to 4.10% in a split 5-4 decision due to war-fueled inflation fears, while Canada's CPI plummeted to 1.8% and the NY Empire State manufacturing index slipped into contraction. Wall Street saw its strongest rally in three weeks as oil prices retreated from $100 after Treasury Secretary Bessent confirmed Iranian tankers were transiting the Strait of Hormuz. The German Bundesbank published its monthly report amid quiet data calendars, while German 12-month Bubill yields rose to 2.27% and French short-term bill yields also edged higher. All Big Four banks now expect a third hike in May to around 4.35%. Meanwhile, European equities saw a rally, with the DAX gaining 0.68% to 23,608, the CAC 40 adding 0.30% to 7,935, and the Euro Stoxx 50 rising 0.54% to 5,747. The Treasury yield on the 10-year Treasury fell to 422%, while the DTSE 100 climbed 0.65% to 10,328.