Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 2.1 percent y/y in March.
Upcoming:
- France: March industrial output report will be released at 6:45 GMT.
- Spain: March industrial output report will be released at 7:00 GMT.
- Italy: March retail sales report will be released at 8:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by PPI inflation report at 12:30 GMT. FOMC member Bostic set for a speech at 17:15 GMT.
- Canada: Building permits report will be released at 12:15 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT, followed by the press conference at 22:00 GMT.
- United Kingdom: RICS house price balance report will be released at 23:00 GMT, along with BRC retail sales report.
- Japan: Trade balance and bank lending report will be released at 23:50 GMT.
- Auction: Germany will auction 30-year bond today. The United Kingdom will auction 10-year bond. U.S. will auction 10-year bond at 17:00 GMT.
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