Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Low risk economic dockets are scheduled for today.
Data released so far -
- China - House price index is down -6.1% in April, same as in March.
- Australia - New motor vehicle sales are down -1.5% in April, still up 2.8% from a year ago.
- Japan - Industrial production is down -0.8% m/m in March, down -1.7% from a year ago.
Upcoming -
- Switzerland - Retail sales data to be published at 7:15 GMT.
- Italy - Italy will release trade balance stats at 8:00 GMT.
- Germany - Bundesbank will release monthly report at 11:00 GMT.
- US - Only one docket scheduled today. NAHB housing market index to be released at 14:00 GMT. Prior was 56, today expected 57. Weaker than expected release would push USD in back foot to start of the week.
- New Zealand - Producer price index to be released at 22:45 GMT for the first quarter. Prior was -0.4%, today expected -0.7% for input and no growth for output. Weaker release might push Kiwi lower.
- Auction - US will be auctioning 3 month and 6 month bills at 15:30 GMT.
