BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: HIA new home sales down 4.4 percent in April. Private sector credit up 4.8 percent.
- Japan: Vehicle production up 3.8 percent y/y in April.
Upcoming:
- Japan: Housing starts, construction orders, and consumer confidence reports will be released at 5:00 GMT.
- Germany: Import price inflation report will be released at 6:00 GMT, along with May retail sales report, and followed by unemployment report at 8:00 GMT.
- France: PPI inflation report will be released at 6:45 GMT.
- Switzerland: KOF leading indicator will be updated at 7:00 GMT.
- Spain: April current account balance report will be released at 8:00 GMT.
- United Kingdom: Q1 GDP report will be released at 8:30 GMT, along with the lending report, and money supply numbers.
- Eurozone: CPI inflation report will be released at 9:00 GMT.
- United States: Personal income and spending report will be released at 12:30 GMT, followed by Michigan consumer sentiment report.
- Canada: Industrial product and raw material price report will be released at 12:30 GMT, along with April GDP report.
