ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Caixin manufacturing PMI declines to 49.6 in May from 50.3 in the past month.
- Australia: Private capital expenditure grew by 0.3 percent in the first quarter. Retail sales grew by 1 percent in April.
- Japan: Nikkei manufacturing PMI improves to 53.1 in May.
Upcoming:
- Japan: Vehicle sales report will be published at 5:00 GMT.
- Switzerland: First quarter GDP will be published at 5:45 GMT. Retail sales report will be published at 7:15 GMT, followed by SVME PMI report at 7:30 GMT.
- United Kingdom: Nationwide house price report will be published at 6:00 GMT.
- Spain: Markit Manufacturing PMI will be reported at 7:15 GMT.
- Italy: Markit Manufacturing PMI report will be published at 7:45 GMT, followed by GDP report at 8:00 GMT.
- France: Manufacturing PMI report will be published at 7:50 GMT.
- Germany: Markit Manufacturing PMI report will be published at 7:55 GMT.
- Greece: Manufacturing PMI report will be published at 8:00 GMT.
- Eurozone: Manufacturing PMI report will be published at 8:00 GMT.
- United Kingdom Manufacturing PMI report will be published at 8:30 GMT.
- United States: Challenger jobs report will be published at 11:30 GMT, followed by ADP employment report at 12:15 GMT and weekly jobless claims report at 12:30 GMT. Manufacturing PMI report will be published at 13:45 GMT, followed by ISM manufacturing PMI report at 14:00 GMT. EIA will release the weekly natural gas inventory report at 14:30 GMT and crude oil inventory report at 15:00 GMT.
- Auction: France will auction 10-year bond and UK will auction 10-year bond today.
