Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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.
