Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
Australia Bans Card Payment Surcharges Starting October 2025 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: House price index up 10.7 percent y/y in May.
- Australia: House price index down 3 percent q/q n Q1, down 7.4 percent from a year ago.
Upcoming:
- Eurozone: ECB President Draghi set for a speech at 8:00 GMT, member De Guindos at 8:30 GMT, and Lane at 14:00 GMT. April trade balance report coming due at 9:00 GMT, along with May CPI inflation report and ZEW economic survey report.
- Germany: ZEW Economic survey report will be released at 9:00 GMT.
- United States: Building permits and Housing starts reports due at 12:30 GMT.
- United Kingdom: BoE governor Carney’s speech due at 14:00 GMT.
- New Zealand: Q1 current account balance report to be released at 22:45 GMT. Global dairy auction s scheduled today.
- Japan: Trade balance report for the month of May will be published at 23:50 GMT.
- Auction: the U.S. will release 12-month bills at 15:30 GMT. The UK will auction 10-year bond today. Spain will auction 3-month and 9-month Letras today.
