Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Westpac leading index declined 0.1 percent in April. Construction work done in the first quarter declined by 0.7 percent.
Upcoming:
- Japan: Leading economic index and coincident index will be updated at 5:00 GMT.
- Germany: GFK consumer confidence report will be published at 6:00 GMT.
- Switzerland: First quarter industrial production report will be released at 7:15 GMT.
- Eurozone: EU financial stability review report will be released at 9:00 GMT. ECB President Draghi’s speech is scheduled at 12:45 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by House price report at 13:00 GMT, and existing home sales report at 14:00 GMT. EIA will report crude oil inventory details at 14:30 GMT. FOMC will release minutes of meeting report at 18:00 GMT. FOMC member Kaplan is scheduled to speak at 22:00 GMT.
- Canada: Bank of Canada (BoC) will announce interest rate decision at 14:00 GMT.
