BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Consumer price inflation declined by 0.1 percent in May, up 1.5 percent from a year ago. Producer price index grew 5.5 percent y/y in May.
- Australia: Home loans declined by 1.9 percent in April, Investment lending for homes declined 2.3 percent.
- United Kingdom: General election outcome points to a hung parliament in the UK.
Upcoming:
- Japan: Tertiary industry report will be published at 4:30 GMT.
- Germany: Trade balance report for April will be released at 6:00 GMT.
- France: Industrial output and budget reports for April will be published at 6:45 GMT.
- Italy: Unemployment report will be published at 8:00 GMT.
- United Kingdom: Industrial and manufacturing production report will be published at 8:30 GMT, along with trade balance for April and consumer inflation expectations for June. NIESR GDP estimate will be published at 12:00 GMT.
- Greece: Industrial production report for April and consumer price inflation report for May will be published at 9:00 GMT.
- Canada: Unemployment report will be published at 12:30 GMT.
- United States: Wholesale inventories report and TIPP economic optimism report will be published at 14:00 GMT.
