Guide to today’s important data and events

Few economic dockets to be released today, focus is on monetary policy decisions from Bank of England.

Data released so far -

• Australia - Business conditions as surveyed by banks dropped to 4 in April from 6, whereas business confidence remained at same level 3.

Upcoming -

• Euro zone - Euro group finance ministers will hold meeting today to discuss over Greece's debt crisis.
  
  
• Greece - Industrial production data for March would be published around 9:00 GMT.
  
  
• Germany - Germany will release inflation data as measured by wholesale price index. Though it's a low key data, might affect bund yields this time around.
  
• UK - Bank of England would announce monetary policy decisions at 11:00 GMT. Though no change in policy is expected, statement might affect tone largely. BRC retail sales details to be released at 23:00 GMT.
  
  
• Portugal - Portugal will release trade balance statistics.
  
  
• US - Labor market condition for April is scheduled for release at 14:00 GMT.
  
  
• New Zealand - House price index for month of April would be released today.
  
  
• Auction - US will auction 3 and 6 month bills at 15:30 GMT.