Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
Gold Prices Steady Ahead of Trump-Xi Meeting as Inflation and Oil Concerns Persist 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
Asian Currencies Hold Steady as Strong U.S. Inflation Data Boosts Dollar 
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Spain: unemployment change report for April will be published at 7:00 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today. First quarter flash GDP numbers and producer price inflation numbers for March will be published at 9:00 GMT.
- Germany: Unemployment change report will be released at 7:55 GMT.
- United Kingdom: Construction PMI for April will be released at 8:30 GMT.
- United States: MBA mortgage application numbers will be published at 11:00 GMT, followed by the release of ADP employment report at 12:15 GMT. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI at 14:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. FOMC will announce interest rate decision at 18:00 GMT.
- Auction: Germany will auction 10-year bond today.
