BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
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.
