Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation declined by 0.1 percent in May, up 1.5 percent from a year ago. Producer price index grew 5.5 percent y/y in May.
- Australia: Home loans declined by 1.9 percent in April, Investment lending for homes declined 2.3 percent.
- United Kingdom: General election outcome points to a hung parliament in the UK.
Upcoming:
- Japan: Tertiary industry report will be published at 4:30 GMT.
- Germany: Trade balance report for April will be released at 6:00 GMT.
- France: Industrial output and budget reports for April will be published at 6:45 GMT.
- Italy: Unemployment report will be published at 8:00 GMT.
- United Kingdom: Industrial and manufacturing production report will be published at 8:30 GMT, along with trade balance for April and consumer inflation expectations for June. NIESR GDP estimate will be published at 12:00 GMT.
- Greece: Industrial production report for April and consumer price inflation report for May will be published at 9:00 GMT.
- Canada: Unemployment report will be published at 12:30 GMT.
- United States: Wholesale inventories report and TIPP economic optimism report will be published at 14:00 GMT.
