Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: March trade balance came at $1.527 billion. Building permits grew 2.6 percent in March, up 14.5 percent.
Upcoming:
- Spain: April unemployment change report will be released at 8:00 GMT.
- United Kingdom: Markit services PMI report will be released at 8:30 GMT.
- Eurozone: Flash CPI inflation report for the month of April will be released at 9:00 GMT, along with March PPI inflation report. ECB’s Praet is set for a speech at 11:00 GMT, Constancio at 12:00 GMT, and Coeure at 12:30 GMT.
- United States: Challenger Jobs report will be released at 11:30 GMT. March trade balance report will be released at 12:30 GMT, along with weekly jobless claims report, nonfarm productivity report and Unit Labor costs report. ISM non-manufacturing report will be released at 14:00 GMT. EIA will release weekly inventory report at 14:30 GMT.
- Canada: Trade balance report will be released at 12:30 GMT.
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