Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- France: Emmanuel Macron beats Le Pen to Presidency.
Upcoming:
- China: Trade balance numbers for April will be released today.
- Australia: National Australia Bank’s business confidence and conditions report will be released at 1:30 GMT, along with Building permits report.
- Germany: factory orders report will be released at 6:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Eurozone: Sentix investor confidence report will be published at 8:00 GMT.
- United States: FOMC’s Loretta Mester and James Bullard are scheduled to speak at 10:45 GMT and 12:35 GMT respectively. Labor market condition index will be updated at 14:00 GMT.
- Canada: Housing starts data will be published at 12:15 GMT. BoC will release its review report at 14:30 GMT.
