Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer price inflation expectation rose to 3.7 percent in May. Employment rose by 22,600. The unemployment rate rose to 5.6 percent on the higher participation rate.
Upcoming:
- Italy: March trade balance report will be released at 8:00 GMT.
- Eurozone: Construction output report will be released at 9:00 GMT. ECB Vice President Constancio is set for a speech beginning at 10:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with Philadelphia Fed manufacturing survey. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Kashkari set for a speech at 14:45 GMT, and Kaplan at 17:30 GMT.
- Canada: April ADP employment report will be released at 12:30 GMT. BoC will release review report at 14:30 GMT.
- United Kingdom: MPC member Haldane is set for a speech at 16:00 GMT.
- Japan: April inflation report will be released at 23:50 GMT.
- Auction: Spain will auction 3-year, 5-year, and 10-year bonds today. France will auction 10-year bond today.
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