South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
Not many economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: GDP grew 0.3 percent in the first quarter, up 1.7 percent from a year ago.
Upcoming:
- Japan: Leading economic index and coincident index will be published at 5:00 GMT.
- Germany: Factory orders report for April will be released at 6:00 GMT.
- Spain: Industrial output report for April will be released at 7:00 GMT.
- Switzerland: April Forex reserve will be announced at 7:00 GMT.
- United Kingdom: Halifax house price report will be released at 7:30 GMT and RICS house price balance report will be released at 23:00 GMT.
- Italy: Retail sales report for April will be published at 8:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by TIPP economic optimism at 14:00 GMT. EIA will release weekly crude oil inventory at 14:30 GMT.
- Japan: 1st quarter GDP report will be released at 23:50 GMT, along with trade balance report for April.
