Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: GDP grew by 1.3 percent in the first quarter, up 6.9 percent from a year ago. Industrial production grew by 7.6 percent y/y in February, and retail sales grew by 10.9 percent.
Upcoming:
- Japan: BoJ governor Kuroda is scheduled to speak at 6:15 GMT.
- Germany: Bundesbank will release the monthly report at 12:00 GMT.
- United States: New York empire state manufacturing index will be reported at 12:30 GMT. NAHB housing market index for April will be updated at 14:00 GMT. Treasury will release details of flow till February around 20:00 GMT.
Auction: U.S. will auction 3-month and 6-month bills at 15:30 GMT.
