RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI rose to 52.5 in April.
- China: Caixin manufacturing PMI rose to 51.1 in April.
Upcoming:
- Switzerland: SECO consumer climate report will be released at 5:45 GMT, followed by retail sales report at 7:15 GMT, and SVME PMI report at 7:30 GMT.
- Spain: Markit manufacturing report will be released at 7:15 GMT.
- Italy: Markit manufacturing report will be released at 7:45 GMT, followed by unemployment report at 8:00 GMT, and first quarter GDP report at 9:00 GMT.
- France: Markit manufacturing report will be released at 7:50 GMT.
- Germany: Markit manufacturing report will be released at 7:55 GMT. Bundesbank President Weidmann is set for a speech at 15:30 GMT.
- Eurozone: Markit manufacturing report will be released at 8:00 GMT, and first quarter GDP report at 9:00 GMT. Unemployment report will also be published at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and ISM New York report at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will announce monetary policy decision at 18:00 GMT.
- Australia: AiG performance of services report will be published at 23:30 GMT.
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