How the war in Iran is already affecting UK farmers and food production 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms 
Asia Markets Tumble as Gulf Conflict Drives Oil Prices to Historic Highs 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Upcoming:
- Germany: HICP inflation readings for April will be released at 6:00 GMT, along with first quarter flash GDP report.
- Japan: Machine tools orders report will be released at 6:00 GMT.
- France: First quarter non-farm payroll report will be released in the first quarter.
- Spain: Flash HICP inflation report will be released at 7:00 GMT.
- Eurozone: Industrial production report for March will be released at 9:00 GMT.
- United States: Retail sales report for April will be released at 12:30 GMT. Consumer price inflation report will also be released at 12:30 GMT. Flash Michigan consumer sentiment report will be released at 14:00 GMT.
