Asia has shown less caution to Ukraine concerns than Europe, with big volatility seen in DAX futures. The market is still keen to watch developments here,...

Asia has shown less caution to Ukraine concerns than Europe, with big volatility seen in DAX futures. The market is still keen to watch developments here, with operations underway to regain Ukrainian facilities, with various sources suggesting that Russian Special Forces have been aiding the separatists. The interesting dynamic was a collapse in the gold price, but a heavy bid in German bunds, with the 10-year trading down to 1.47% and the lowest level since May 2013. Revisions to the March eurozone inflation print are due today, however it is unlikely to be revised from the prior print of 50 basis points. The eurozone CPI estimate is due on April 30 and that is where the real action could be seen, especially if we don't see the sort of rebound the ECB expect. (VIEW LINK)