Rishi Sunak wants to cut the cost of ‘sicknote’ Britain 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
Inflation: raising interest rates was never the right medicine 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
The UK has become the world’s fourth largest exporter, but can it maintain this momentum? 
Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
If central banks don't start cutting them soon, it could actually increase inflation 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation rose by 1.2 percent y/y in April. Producer price inflation is up 6.4 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- France: Trade balance for March will be reported at 6:45 GMT, along with Industrial output data and current account balance.
- Italy: Italy will release March Industrial output report at 8:00 GMT.
- Greece: Industrial production report for March will be reported at 9:00 GMT, along with consumer price inflation report.
- Portugal: March trade balance report will be released at 10:00 GMT, along with first quarter unemployment report.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by terms of trade for April. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed’s Rosengren is scheduled to speak at 16:00 GMT. April budget details will be reported at 18:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: March trade balance report will be released at 23:50 GMT.
- Auction: U.S. will auction 10-year note at 17:00 GMT.
