Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: Fixed asset investments up 7 percent y/y in March. Industrial production rose by 7 percent y/y in March. Retail sales grew 9.4 percent y/y.
Upcoming:
- Germany: Q1 GDP report will be released at 6:00 GMT, followed by ZEW survey report at 9:00 GMT.
- France: Consumer price inflation report will be released at 6:45 GMT, along with Q1 nonfarm payrolls report.
- Switzerland: April producer price inflation report will be published at 7:15 GMT.
- United Kingdom: ILO unemployment report will be released at 8:30 GMT.
- Eurozone: Q1 GDP report will be released at 9:00 GMT, along with ZEW survey report.
- United States: FOMC member Kaplan is set for a speech at 12:00 GMT. New York empire state manufacturing report will be released at 12:30 GMT, along with retail sales, and followed by NAHB housing market report at 14:00 GMT. FOMC member Williams is set for a speech at 17:00 GMT
- Japan: Q1 GDP report will be released at 23:50 GMT.
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