China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Upcoming:
- Spain: unemployment change report for April will be published at 7:00 GMT.
- Eurozone: ECB will hold its non-monetary policy meeting today. First quarter flash GDP numbers and producer price inflation numbers for March will be published at 9:00 GMT.
- Germany: Unemployment change report will be released at 7:55 GMT.
- United Kingdom: Construction PMI for April will be released at 8:30 GMT.
- United States: MBA mortgage application numbers will be published at 11:00 GMT, followed by the release of ADP employment report at 12:15 GMT. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI at 14:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. FOMC will announce interest rate decision at 18:00 GMT.
- Auction: Germany will auction 10-year bond today.
