Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Trump Questions USMCA Renewal as Trade Talks Continue 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Flash Nikkei manufacturing PMI came at 52 for May. All industry activity index declined 0.6 percent in March.
Upcoming:
- Germany: First quarter GDP report will be published at 6:00 GMT. Flash manufacturing and services PMI reports will be released at 7:30 GMT, followed by IFO survey reports at 8:00 GMT.
- Switzerland: April trade balance report will be released at 6:00 GMT.
- France: Flash manufacturing and services PMI reports will be released at 7:00 GMT.
- Eurozone: Flash manufacturing and services PMI reports will be released at 8:00 GMT. EU financial stability review report will be released at 9:00 GMT.
- United Kingdom: Public sector borrowing report will be released at 8:30 GMT. Bank of England (BoE) governor Mark Carney is scheduled to testify at parliament as part of inflation report hearings that will begin at 10:00 GMT. CBI trade survey report will also be released at 10:00 GMT.
- Canada: Wholesale sales report for March will be published at 12:30 GMT.
- United States: Redbook index reports will be published at 12:55 GMT, followed by flash manufacturing and services PMI at 13:45 GMT and new home sales report at 14:00 GMT, along with Richmond Fed manufacturing index. FOMC member Kashkari is scheduled to speak at 13:00 GMT and Harker at 21:00 GMT.
- New Zealand: Trade balance report for April will be released at 22:45 GMT.
- Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT, followed by 2-year note at 17:00 GMT.
