BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Lots of economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: NBS manufacturing PMI came at 51.2 in May and non-manufacturing PMI came at 54.5
- New Zealand: ANZ business confidence improves to 14.9 in May and activity outlook improves to 38.3 percent.
- Australia: Private sector credit grew by 0.4 percent in April, up 4.9 percent from a year ago.
Upcoming:
- Japan: Housing starts numbers and construction orders details will be updated at 5:00 GMT.
- Germany: Retail sales report will be published at 6:00 GMT. May unemployment report will be released at 7:55 GMT.
- Switzerland: UBS consumption indicator will be updated at 6:00 GMT. Zew survey report will be published at 8:00 GMT.
- France: April producer price and flash May consumer price report will be released at 6:45 GMT.
- United Kingdom: Money supply, consumer credit, and mortgage reports will be released at 8:30 GMT.
- Italy: Unemployment report for April will be released at 8:00 GMT. Flash HICP inflation report for May will be updated at 9:00 GMT.
- Greece: Retail sales report for March will be released at 9:00 GMT.
- Eurozone: Unemployment report and consumer price inflation report will be published at 9:00 GMT.
- Portugal: First quarter GDP numbers will be published at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by Chicago PMI report at 13:45 GMT and home sales report at 14:00 GMT. Fed will release the beige book at 18:00 GMT.
- Canada: First quarter GDP numbers will be released at 12:30 GMT.
- New Zealand: First quarter terms of trade details will be published at 22:45 GMT.
- Australia: AiG performance of manufacturing index will be published at 23:30 GMT.
