RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: Fixed asset investments up 7 percent y/y in March. Industrial production rose by 7 percent y/y in March. Retail sales grew 9.4 percent y/y.
Upcoming:
- Germany: Q1 GDP report will be released at 6:00 GMT, followed by ZEW survey report at 9:00 GMT.
- France: Consumer price inflation report will be released at 6:45 GMT, along with Q1 nonfarm payrolls report.
- Switzerland: April producer price inflation report will be published at 7:15 GMT.
- United Kingdom: ILO unemployment report will be released at 8:30 GMT.
- Eurozone: Q1 GDP report will be released at 9:00 GMT, along with ZEW survey report.
- United States: FOMC member Kaplan is set for a speech at 12:00 GMT. New York empire state manufacturing report will be released at 12:30 GMT, along with retail sales, and followed by NAHB housing market report at 14:00 GMT. FOMC member Williams is set for a speech at 17:00 GMT
- Japan: Q1 GDP report will be released at 23:50 GMT.
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