BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Not many economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: TD Securities inflation gauge is up 2.8 percent y/y in May. Companies’ gross operating profit grew 6 percent q/q in the first quarter.
- China: Caixin services PMI grew to 52.8 in May.
Upcoming:
- Spain: Markit services PMI report will be published at 7:15 GMT.
- Italy: Markit services PMI report will be published at 7:45 GMT.
- France: Markit services PMI report will be published at 7:50 GMT.
- Germany: Markit services PMI report will be published at 7:55 GMT.
- Eurozone: Markit services PMI report will be published at 8:00 GMT.
- United Kingdom: Services PMI report will be published at 8:30 GMT. BRC retail sales report will be published at 23:00 GMT.
- United States: 1st quarter non-farm productivity report will be released at 12:30 GMT, along with labor cost report. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI, and Factory orders at 14:00 GMT. Labor market condition index will be updated at 14:05 GMT.
- Auction: The US will auction 3-month and 6-month bills at 15:30 GMT.
