Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
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.
