Month: April 2026

What could move the markets this week? Here’s what investors are watching

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With European markets reopening after the Easter holidays, investors are set to navigate a mix of geopolitical risks and crucial economic data that may shape sentiment over the coming week.


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Attention will focus on Iran’s response to US President Donald Trump’s deadline to reopen the Strait of Hormuz, a critical chokepoint for global oil supplies. Any escalation or de-escalation could quickly affect energy markets, driving oil prices and inflation expectations.

J.P. Morgan noted on Thursday that oil prices could reach as high as $150 a barrel if supply disruptions persist until mid-May.

Beyond geopolitics, inflation data, central bank signals and corporate updates will also draw attention as markets gauge the outlook for the second quarter.

Economic data in focus

The macroeconomic calendar kicks off on Tuesday with the release of eurozone PMI data, a key leading indicator of economic activity. Recent readings have pointed to slowing growth in the bloc, with the composite PMI signalling only marginal expansion amid softening demand and heightened uncertainty.

On Wednesday, investors will examine the latest eurozone retail sales and industrial producer price figures from Eurostat. These will shed light on consumer demand and upstream inflation pressures.

The European data schedule remains relatively light but still significant. Euro area financial accounts will provide additional detail on lending trends, while UK markets stay attuned to labour market and growth signals following recent signs of stagnation.

Focus then shifts to the US, with the release of the Federal Reserve’s latest meeting minutes on Wednesday. These will be scrutinised for hints on policymakers’ views regarding the timing of any potential rate cuts.

Thursday brings key US labour data, including weekly jobless claims, offering further insight into employment conditions.

The week ends with the US consumer price index for March, including the closely watched core CPI reading. A stronger-than-expected figure could dampen hopes for policy easing and spark volatility in global markets, including Europe.

On the corporate side in Europe, activity is limited, although Raiffeisen Bank International’s annual general meeting on Thursday will be watched for any signals on banking sector health and regional credit conditions.

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Column: Trump’s cries of cheating on mail-in ballots defy logic

Why would an immigrant living here illegally risk jail and deportation by trying to vote? That has always puzzled me.

And why would a political pro waste time and money soliciting votes from noncitizens when there are millions of legal voters available to persuade?

The answer is that undocumented immigrants don’t. And neither do campaign consultants.

President Trump and MAGA Republicans who echo his diatribe are hallucinating or outright lying when they claim without evidence that there’s widespread fraud in American elections — specifically in blue states like California that vote for Democrats.

Trump reiterated the fabrication last week when he signed an executive order seeking to place tight federal controls on increasingly popular mail-in voting.

“Mail-in voting means mail-in cheating,” Trump reiterated. “Cheating on mail-in voting is legendary. It’s horrible what’s going on.”

“See you in court,” California Gov. Gavin Newsom replied.

California and several states partnered in filing a lawsuit accusing the president of an illegal power grab. They pointed out that states have a constitutional right to administer elections pretty much as they see fit.

Trump hypocritically voted by mail himself in a recent Florida special election.

“You know what, because I’m president of the United States,” he told reporters when asked about the vote. “I had a lot of different things” to do. For him, voting by mail was convenient.

As for the rest of us, apparently in Trump’s mind we don’t do anything important enough to warrant handy mail voting.

The reality is that egotistical Trump still can’t admit to himself that he lost the 2020 presidential election to Joe Biden fair and square. Democrats must have cheated, he thinks — or says he does.

The main way Democrats cheat, Trump and his followers assert, is to round up noncitizens and register them to vote — especially immigrants from Latin America.

It’s nonsensical. As if some undocumented immigrant struggling to survive and dodge ICE agents really gives a rat who’s elected governor or senator. Voting fraudulently is a crime — a misdemeanor or a felony, punishable by a steep fine and/or jail time.

And a campaign pro is going to break the law by offering cash or groceries to a noncitizen for her vote? That would be felony stupid.

“We can’t get Latinos who have been here legally for three generations to vote. If you’re going to spend money getting votes, that’s where you’re going to spend it,” says Republican consultant Mike Madrid, who has written a book about Latino political influence.

“The notion that Democratic operatives are going after undocumented immigrants is absurd.”

People who migrated here illegally, Madrid adds, “don’t want to touch the government in any shape or form. They just want to put in a hard day’s work and retreat to the shadows. They couldn’t care less about politics and voting in the United States.”

No hard evidence of significant election fraud in America in recent years has been produced by Trump or anyone else.

Riverside County Sheriff Chad Bianco, a leading Republican candidate for governor, apparently was trying to impress Trump and win his endorsement by seizing more than 650,000 ballots cast in November’s Proposition 50 election.

The sheriff said he was investigating claims — unsubstantiated — of election fraud. But the project is now on hold. A good place for it.

It was a waste of the sheriff’s resources to collect the ballots and would be an even bigger misuse of personnel and money to sift through all of those documents in a fruitless search for fraud.

I called Assemblywoman Gail Pellerin, a Democrat who was Santa Cruz County’s chief elections official for 27 years. She chairs the Assembly Elections Committee.

In all of those years supervising elections, Pellerin told me, she encountered only one clear case of fraud. A landlord snatched a ballot that had been mailed to a tenant and illegally cast it.

But a voter must sign the envelope containing a mailed ballot and the landlord’s signature didn’t match the intended voter’s as given when she originally registered. Election officials contacted the intended voter, who said she hadn’t received her ballot yet. The landlord was prosecuted and convicted.

Signatures are checked with the use of technology in California. That’s the main method of verifying a mailed ballot’s legality.

Pellerin says her own signature didn’t match up once. “I got sloppy and my signature had changed since I registered 20 years earlier.” She was contacted by an elections official and her ballot ultimately was counted.

In every election, she says, there are cases of a mother signing the ballot for a daughter who’s away at college, or someone signing for an aging parent. The signatures invariably don’t match and the voters are contacted.

But that’s about the extent of so-called cheating, Pellerin says.

“Immigrants are here to make their lives better,” she says. “They’re not going to risk any path to citizenship by trying to participate in an election.”

When voters register, they must answer under penalty of perjury whether they’re a citizen.

Trump’s convoluted intervention in state-operated voting would, among other things, direct the United States Postal Service to design new envelopes with bar codes that verify voter legality. The feds would refuse to send ballots to people deemed ineligible to cast them.

Gosh, what could possibly go wrong under the Trump administration?

Californians have embraced mail-in voting. In the gubernatorial election 40 years ago, only 9% of ballots were cast by mail; 20 years ago, 42% were. In November, it was up to 89%.

But baseless claims by Trump and his grovelers of “cheating” will persist. It fires up the conservative base and raises political money.

It also maligns noncitizens and dedicated elections officials who keep voting fraud-free.

You’re reading the L.A. Times Politics newsletter

George Skelton and Michael Wilner cover the insights, legislation, players and politics you need to know. In your inbox Monday and Thursday mornings.

What else you should be reading

The must-read: California election experts sound alarm as rate of rejected ballots quadruples
What the … : Californians may need to mail ballots early as Supreme Court signals support for new election day deadline
The L.A. Times Special: The loophole that keeps a Trump loyalist serving as L.A.’s top federal prosecutor

Until next week,
George Skelton


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Arsenal’s Declan Rice and Gabriel return to training before Champions League tie against Sporting

Arsenal’s Declan Rice and Gabriel have trained before Tuesday’s Champions League quarter-final with Sporting.

Midfielder Rice, 27, left the England squad following a medical assessment during March’s international break and missed Saturday’s FA Cup quarter-final loss to Southampton.

Brazil defender Gabriel, meanwhile, was forced off with a knee issue after taking a knock during the defeat on the south coast.

Both players were involved in first-team training at the club’s London Colney base on Monday before Mikel Arteta’s side travel to Lisbon for the first leg.

Belgian winger Leandro Trossard also returned to training but Bukayo Saka was not involved after he also left the England camp early.

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Lee expresses regret over drone flights by individuals into N. Korea

South Korean President Lee Jae Myung, seen here speaking at a Cabinet meeting on Monday, expressed regret over drone flights by individuals into North Korea. Pool Photo by Yonhap

President Lee Jae Myung on Monday expressed regret over drone flights by individuals into North Korea, saying that such behavior has caused unnecessary military tension with Pyongyang.

Lee made the remarks during a Cabinet meeting, after prosecutors last week indicted three individuals accused of flying drones into North Korea between September and January.

Those indicted include a graduate student in his 30s, an employee of the National Intelligence Service and a military officer.

“Although this was not an act by our government, I express regret to the North Korean side over the unnecessary military tension caused by such reckless behavior,” Lee said.

Lee has previously criticized the drone incursions on several occasions, but this marks the first time he has expressed regret directly to North Korea.

He said civilians are prohibited from engaging in unauthorized, private acts that could provoke North Korea, stressing that even when such actions are deemed necessary for national strategy, they must be handled with the utmost caution.

“It is deeply regrettable that individuals carried out such provocative acts toward North Korea on their own,” he said, calling such actions “unacceptable.”

Lee also addressed concerns among residents near border areas, noting that the incident had caused significant anxiety.

“We need to carefully consider who such actions are really meant to benefit,” he said, urging relevant ministries to revise regulations and take swift measures to prevent recurrences.

Amid a rapidly shifting global landscape, Lee emphasized the importance of Seoul’s responsible role in maintaining peace and stability on the Korean Peninsula.

“We should closely monitor the changes in the harsh international order, which requires more responsible action to ensure peace on the Korean Peninsula,” he said.

Lee has extended an olive branch to resume dialogue with Pyongyang since taking office in June 2025, but North Korea has rebuffed those overtures, formally describing South Korea as the “most hostile state” in a parliamentary speech last month.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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‘I’m a travel expert – there are six British pub rules that tourists always get wrong’

Mark Wolters shared some advice for tourists on how to approach British pubs, listing six unwritten rules that people should be aware of if they ever find themselves visiting the UK

A world traveller has listed six unwritten rules that tourists should pay attention to if they ever visit a British pub. Proper pub etiquette may feel second nature to Brits, but the unspoken rules of the boozer aren’t universal — and the UK has its own quirks that could potentially catch out overseas visitors.

Mark Wolters is one such visitor who’s spotted this, but with trips to more than 80 countries under his belt, he’s clearly no stranger to navigating the cultural differences that come with travelling.

A familiar face on YouTube, Mark had some advice on how to approach British pubs for his 1.17m subscribers, specifically six tips that tourists should be aware of if they ever visit Blighty.

1. Order at the bar

For his first rule, Mark warned prospective punters watching his video on Wolters World that pub staff are “not coming” to their tables, stressing that they need to go up to the bar to order.

He said: “And whether you’re going to be ordering your pints or you’re going to order your food or you’re getting your snacks and your crisps, you order there. Also, when you go up and order, that’s when you pay.

“It is not one of the things like in the US where you do all your drinking, you do all your eating, then you pay at the end. You’re paying each time you go up there. “

2. Respect the queue

Mark noted that people should “respect the queue” when they come to the UK, but pointed out that there may not be a single discernible queue at the bar. As we all know, people tend to gather at different points.

But Mark said everyone “kind of knows” who was there before them and will ensure they go first.

3. Order in rounds

Mark said: “Now the third unwritten rule of going to the pub is that they order in rounds. So if we’re going with friends, we’re not all going up to the bar to order.

“We will go in rounds. It’s like I’ll go up first, ask everybody what they want, and then I’ll go and I’ll pay the first round. Then the next time up, my friend will go up and take the orders, and they’ll order and get a round for everybody. And everybody needs to pay for a round.”

He went on to warn people not to “skip your round” and “don’t leave early” to avoid getting one, as “people remember that”.

4. Not all pubs sell good pub food

Mark observed that not every pub that sells traditional food actually sells “good” British fare. He noted that you can sometimes get “phenomenal” food such as Scotch eggs and bangers and mash.

But if an establishment sells food and nobody is eating it when you walk in, this should be a “red flag”.

5. Watch out for stairs

Something that he says becomes “more precarious” as your night goes on, Mark claimed that pub toilets will “undoubtedly” be down a “very narrow and steep” set of stairs.

He advised people with accessibility issues to research the pub beforehand, as visitors may be be presented by what he described as “little stairwells”.

6. Don’t linger past closing time

Finally, Mark stressed the importance of not lingering past closing time and how, generally, bars don’t really stay open “super late”, adding that staff like to “wrap things up really quickly.”

He advised people to be “respectful” and do the same for those in the local community by being quiet when you leave.

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How US operation to rescue air officer from Iran unfolded | US-Israel war on Iran News

United States President Donald Trump has announced that the US military has rescued a missing American fighter jet crew member in Iran.

The Air Force officer went missing in a remote part of Iran after the downing of his F-15 jet on Friday. Its two crew members ejected from the plane. The pilot was quickly rescued by US forces, but a search had to be launched for the F-15’s weapons systems officer.

In a Truth Social post on Sunday, Trump wrote that the US had rescued the second “seriously wounded, and really brave” airman from “deep inside the mountains of Iran”. It was reported that a firefight between US and Iranian forces took place in Kohgiluyeh and Boyer-Ahmad province before the rescue. Iran has not confirmed this, however.

Here is how the complicated rescue mission unfolded:

What has Trump said about the rescue?

While the identity of the rescued airman has not been made public, Trump referred to him as “a highly respected Colonel”.

He added that the type of rescue mission that recovered him “is seldom attempted because of the danger to ‘man and equipment’”.

Trump said two raids had taken place, and the pilot was rescued in “broad daylight” during the second raid. It is unclear when precisely the pilot was rescued. The US president wrote that the rescue was “unusual, spending seven hours over Iran”.

In his post, Trump said he would talk more about the rescue mission during a news conference with the US military in the Oval Office of the White House on Monday at 1pm (17:00 GMT).

Trump wrote on Truth Social: “This brave Warrior was behind enemy lines in the treacherous mountains of Iran, being hunted down by our enemies, who were getting closer and closer by the hour, but was never truly alone because his Commander in Chief, Secretary of War, Chairman of the Joint Chiefs of Staff, and fellow Warfighters were monitoring his location 24 hours a day, and diligently planning for his rescue.”

Trump added that he had ordered dozens of aircraft carrying “lethal weapons” to be sent to retrieve the airman, who had managed to evade Iranian forces for two days.

The Iranian state media said to show fragments of a downed U.S. jet in this picture said to be taken in central Iran and released on April 3, 2026. IRIB/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IRAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN IRAN. NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. REFILE - CORRECTING FROM "JETS" TO "JET" VERIFICATION: -Reuters was not able to confirm the location or date when the photos were taken. -The red stripe seen on the tail fin of the plane in the photos is consistent with the tail section of a F-15E Strike Eagle seen in file photos.
Iranian state media released on April 3, 2026, images of what they said were fragments of a downed US fighter jet found in central Iran [Handout/IRIB via Reuters]

How did the search unfold?

On Friday morning, the US confirmed that an F-15E Strike Eagle had been shot down over southern Iran. The F-15 is a tactical fighter jet used by the US Air Force that first flew in 1972. Modern variants of the jet cost more than $90m each.

State media outlets in Iran showed photos of what they said was wreckage from the F-15 and what appeared to be an ejection seat with an attached parachute.

Trump suggested that the US knew the location of the plane’s second airman and was tracking him as the rescue mission unfolded.

Iran was also racing to locate the airman. Tehran called on the public to hand over the soldier to the authorities in what appeared to be an effort to secure an American prisoner of war.

Iran’s Islamic Revolutionary Guard Corps claimed on Sunday that Iranian forces had also destroyed two C-130 aircraft and two Black Hawk helicopters during the operation to rescue the US airman in southern Isfahan province.

 

INTERACTIVE - F-15

 

What do we know about the two C-130 planes that Iran says it destroyed?

The C-130 Hercules and the newer C-130J Super Hercules variant were developed by the US weapons manufacturer Lockheed Martin. They are military transport aircraft primarily used for tactical airlifts, troop transport and medical evacuations.

The Wall Street Journal reported that each C-130 costs more than $100m.

The newspaper said in a report on Sunday that the US blew up the C-130 jets on the ground during the rescue operation, quoting an unnamed person familiar with the matter. This unnamed official did not explain how the jets were downed during the rescue operation but told the outlet that it was necessary to destroy them to ensure they did not fall into enemy hands.

Has the US lost other military assets or personnel?

Yes. This conflict has killed 13 US service members and wounded more than 300, the US military’s Central Command said, but no US soldiers have been taken prisoner by Iran.

Since the start of the war on February 28, the US has lost three F-15 fighter jets in what it said was a friendly fire incident over Kuwait. A US military refuelling aircraft also went down over Iraq last month, killing all six crew members.

According to the US military, the last US fighter jet to be shot down by enemy fire before the F-15 on Friday was an A-10 Thunderbolt II during the 2003 US invasion of Iraq.

At least one Black Hawk helicopter was hit during the initial rescue operation, US officials said, but it managed to stay airborne.

An A-10 Warthog aircraft was also hit near the Strait of Hormuz a short time after the F-15E on Friday, but its pilot was able to eject before the plane crashed and was subsequently rescued. Iranian media reported this aircraft was hit by Iran’s defence systems.

Iran has not yet confirmed that a firefight took place before the F-15 airman’s rescue. Al Jazeera’s Tohid Asadi, reporting from Tehran, said a firefight appeared to have occurred in Kohgiluyeh and Boyer-Ahmad province and nine people were reported to have been killed in “strikes” there although it was unclear if this was related to the US rescue mission.

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Why I love visiting the ‘UK’s best holiday park’

An image collage containing 3 images, Image 1 shows Three boys smiling on a sandy beach with buildings and the ocean in the background, Image 2 shows A smiling woman and a young boy with blond hair in front of a brick wall and metal fence, Image 3 shows Two children sitting in an oversized blue and white striped deck chair at Haven Hopton

MY family’s favourite seaside holiday park has just been named best holiday park in AA’s Caravan And Camping Awards, and it’s about to open its very own Wetherspoons to boot. 

We visit Great Yarmouth several times a year and Haven Hopton is always the first place I check when I’m booking us somewhere to stay.

Travel writer Catherine Lofthouse loves visiting Haven Hopton with her familyCredit: Catherine Lofthouse
The family love Hopton’s tucked-away village vibe, despite being in between Great Yarmouth and Lowestoft.Credit: Catherine Lofthouse

We love its location right by the beach and the family-friendly feel, and it turns out we’re not alone – AA inspectors were impressed by its immaculate grounds, top-tier amenities and welcoming atmosphere.

One of the best improvements in recent years has been the expansion of the indoor pool areas, by covering the old outdoor lido and linking it with the existing indoor area – to double the capacity for a year-round splashabout.

My boys loved the flume and the aqua inflatable course.

The soft play was also a winner and Hopton’s a great spot for a wander along the beach, as the caravans are set right by the sand. 

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It’s a half-hour bus ride to Great Yarmouth, where you have loads of great attractions, including the hippodrome with its seasonal shows, funfair rides and arcades.

What I really love about Hopton though is its tucked-away village vibe, despite being in between Great Yarmouth and Lowestoft.

It’s off the main road and once you’re there, there’s plenty to keep you occupied if you never venture off-site.

It’s even got its own nine-hole golf course set beside a lake, which is perfect for families introducing youngsters to the sport. 

Just by the lane into the site, there’s a ruined church that’s been turned into a community garden, which is great for some peace and quiet away from the holiday park hustle and bustle.

You’ll be walking past a chip shop and an arcade to get there from your caravan, so it would be rude not to have a little go on the slot machines or grab something tasty to eat as you stroll past.

If we’re heading for a seaside resort nearby, it’ll always be Gorleston for us.

If they’re heading for a seaside resort nearby, it’ll always be Gorleston for the Lofthouse familyCredit: Getty
The Lofthouses love Hopton’s location right by the beach and the family-friendly feelCredit: Catherine Lofthouse

We love the wide golden sands, the splash pad and the clifftop playground, and we’ve had lovely food at the Pier Hotel and enjoyed open-air music at the bandstand overlooking the beach.

Our latest find is the beach huts at one end of the promenade, which are a perfect base for a day by the sea.

They are great all year round, a place to keep cosy by the coast in the winter and for a seat in the shade with a bit of sea breeze in the summer. 

One place on our must-visit list this year is Pleasurewood Hills, which is about 15 minutes away from Hopton.

It’s come under new ownership and has four extra rides opening this season.

Locals could get into the theme park for a tenner over the Easter weekend, but if you’re quick, you can convert Tesco Clubcard points into vouchers for entry before the park leaves the Clubcard scheme later this month.

The vouchers will be valid until October 22, so you can use them over the summer if you’re heading to the coast.

I think we’ve stayed in all the big caravan parks around Great Yarmouth now and Hopton is one that we’ll return to time and again.

Although we’ve enjoyed Haven holidays at Caister, Wild Duck and Seashore and they all have their own highlights, Hopton is hands-down our favourite.

If you’re looking for somewhere for May halfterm, you can actually stay there for less than the other three sister sites at the moment, with a midweek caravan at Hopton starting at £339, compared to £355 at Caister and Wild Duck and £479 at Seashore.

My top tip would be to go at the end of the season – we stayed there for Bonfire Night one year and we got two different light displays.

Haven put on a laser show and then we could also see the excellent fireworks being set off at the renowned Potters resort next door. It felt really festive.

And if you make Hopton your holiday hotspot this year, you’ll be able to grab a bite to eat at the new Wetherspoons that’s opening this spring.

The White Clover will be the one of nine boozers from the pub chain now open on Haven sites. 

Catherine’s sons also loved the flume and the aqua inflatable courseCredit: Catherine Lofthouse
Catherine’s family on a recent trip to Haven Hopton on the Norfolk coastCredit: Catherine Lofthouse

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