Good morning... I’m Ashutosh Joshi in Mumbai, with a quick pulse check on markets. A report that Iran has offered the US a new proposal regarding the reopening of the Strait of Hormuz has sparked a rally in Asian stocks on Monday. That could help bring some respite for India’s benchmark Nifty 50, which capped its worst week since mid-March on Friday as high oil prices , a weakening rupee and a selloff in tech shares sapped sentiment. Still, volatility is likely to remain elevated in this holiday-shortened week (markets are closed on May 1), as several factors vie for traders’ attention. Geopolitics aside, central bank meetings are a key focus as the Federal Reserve, European Central Bank and peers in Japan, the UK and Canada are all scheduled to decide on policy. While they are all expected to leave interest rates unchanged, investors are keen to know how officials view the inflation threat posed by the oil shock stemming from the US-Iran conflict. At home, it’s a busy stretch for earnings.…