Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: TD Securities inflation gauge is up 2.8 percent y/y in May. Companies’ gross operating profit grew 6 percent q/q in the first quarter.
- China: Caixin services PMI grew to 52.8 in May.
Upcoming:
- Spain: Markit services PMI report will be published at 7:15 GMT.
- Italy: Markit services PMI report will be published at 7:45 GMT.
- France: Markit services PMI report will be published at 7:50 GMT.
- Germany: Markit services PMI report will be published at 7:55 GMT.
- Eurozone: Markit services PMI report will be published at 8:00 GMT.
- United Kingdom: Services PMI report will be published at 8:30 GMT. BRC retail sales report will be published at 23:00 GMT.
- United States: 1st quarter non-farm productivity report will be released at 12:30 GMT, along with labor cost report. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI, and Factory orders at 14:00 GMT. Labor market condition index will be updated at 14:05 GMT.
- Auction: The US will auction 3-month and 6-month bills at 15:30 GMT.
