Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
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.
