Oil Prices Rise as Hormuz Reopening Remains Uncertain 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- OPEC and N-OPEC meetings scheduled today. Outcome expected at 15:00 GMT.
- Spain: First quarter GDP report will be released at 7:00 GMT.
- Italy: Industrial sales and orders report will be released at 8:00 GMT, followed by April trade balance report at 9:00 GMT.
- United Kingdom: first quarter flash GDP numbers will be published at 8:30 GMT. Business investment report for the first quarter will be published at 9:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with goods trade balance for April. Kansas Fed manufacturing report will be published at 15:00 GMT. EIA will release weekly inventory report at 14:30 GMT. FOMC member Brainard is scheduled to speak at 14:00 GMT.
- Japan: Tokyo and National CPI reports will be published at 23:30 GMT.
