Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit 
Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
Asian Stocks Edge Higher as Tech Shares Rise Ahead of Trump-Xi Beijing Summit 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI declined to 52.2 in April compared to 52.9 previous.
- China: Caixin manufacturing PMI declines to 50.3 in April.
Upcoming:
- Australia: Reserve Bank of Australia will announce monetary policy decision at 4:30 GMT.
- Spain: Markit manufacturing PMI for April will be released at 7:15 GMT.
- Switzerland: SVME PMI for April will be released at 7:30 GMT.
- Italy: Markit manufacturing PMI for April will be released at 7:45 GMT.
- France: Markit manufacturing PMI for April will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI for April will be released at 7:55 GMT.
- Greece: Markit manufacturing PMI for April will be released at 8:00 GMT.
- Eurozone: Markit manufacturing PMI for April will be released at 8:00 GMT, followed by unemployment report for March.
- United Kingdom: Markit manufacturing PMI for April will be released at 8:30 GMT. BRC shop price report will be released at 23:00 GMT.
- Australia: Budget report will be released at 9:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by total vehicle sales at 19:30 GMT.
- New Zealand: Employment report for the first quarter will be released at 22:45 GMT. The global auction is scheduled today.
- Auction: U.S. will auction 1-month bills at 15:30 GMT.
