Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI declined to 52.2 in April compared to 52.9 previous.
- China: Caixin manufacturing PMI declines to 50.3 in April.
Upcoming:
- Australia: Reserve Bank of Australia will announce monetary policy decision at 4:30 GMT.
- Spain: Markit manufacturing PMI for April will be released at 7:15 GMT.
- Switzerland: SVME PMI for April will be released at 7:30 GMT.
- Italy: Markit manufacturing PMI for April will be released at 7:45 GMT.
- France: Markit manufacturing PMI for April will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI for April will be released at 7:55 GMT.
- Greece: Markit manufacturing PMI for April will be released at 8:00 GMT.
- Eurozone: Markit manufacturing PMI for April will be released at 8:00 GMT, followed by unemployment report for March.
- United Kingdom: Markit manufacturing PMI for April will be released at 8:30 GMT. BRC shop price report will be released at 23:00 GMT.
- Australia: Budget report will be released at 9:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by total vehicle sales at 19:30 GMT.
- New Zealand: Employment report for the first quarter will be released at 22:45 GMT. The global auction is scheduled today.
- Auction: U.S. will auction 1-month bills at 15:30 GMT.
