Bank of Japan policy board member Asada said the Middle East situation poses greater downside risks to output and employment than upside risks to prices, and the central bank should maintain its current policy guidance.

RESERVE BANK OF AUSTRALIA: Global oil supply issues will take time to resolve and will continue to put upward pressure on global energy prices and inf.

SpaceX (SPCX.O) briefly saw its market value exceed Amazon (AMZN.O) and Microsoft (MSFT.O) on Tuesday and, within days of listing, entered the world’s top five by market cap. Options on SpaceX began trading Tuesday, and the stock’s turnover has topped $34.0 bln so far—several times the combined turnover of NVIDIA, Microsoft, Tesla and Apple—while NVIDIA, Microsoft and other large tech names slipped modestly that day.