Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Lots of economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectations rose to 4.1 percent in April. Unemployment remained same at 5.9 percent despite 0.2 percent increase in the participation as economy adds 60,900 jobs.
- China: In March, trade balance came at $23.93 billion. Exports rose by 16.4 percent y/y and imports up by 20.3 percent y/y.
Upcoming:
- Germany: Consumer price inflation report will be released at 6:00 GMT.
- France: Consumer price inflation report will be released at 6:45 GMT.
- Switzerland: Producer and import price data for March will be updated at 7:15 GMT.
- Italy: Consumer price inflation report will be released at 8:00 GMT.
- United Kingdom: BoE will release credit conditions survey at 8:30 GMT.
- United States: producer price inflation report for March will be released at 12:30 GMT, along with weekly jobless claims report. Michigan consumer sentiment report will be published at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT.
- Canada: New house price index will be updated at 12:30 GMT, along with February manufacturing shipments report. BoC governor Poloz is scheduled to speak at 14:30 GMT.
