Today's economic calendar features key central bank decisions with China's PBoC cutting benchmark rates and the RBA expected to deliver a rate cut. Markets will also focus on Eurozone consumer confidence and Canadian inflation data as trade tensions continue to affect global economic outlooks.
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07:30 - RBA Press Conference
- RBA revised down 2025 GDP forecast to 2.1% from 2.4%
09:00 - Eurozone Current Account (Mar)
- Eurozone Current Account: Previous 34.300B
- Eurozone Current Account NSA: Previous 33.10B
09:30 - Hong Kong Unemployment Rate (Apr)
- Hong Kong Unemployment Rate: Forecast 3.2% vs Previous 3.2%
10:00 - Eurozone Construction Output (Mar)
- Eurozone Construction Output MoM: Previous -0.48%
13:30 - Canadian CPI (Apr)
- Canadian CPI YoY: Forecast 1.6% vs Previous 2.3%
- Canadian CPI MoM: Forecast -0.2% vs Previous 0.3%
- Canadian CPI Trim: Forecast 2.8% vs Previous 2.8%
- Canadian CPI Median: Forecast 2.9% vs Previous 2.9%
- BoC Core CPI YoY: Previous 2.2%
- BoC Core CPI MoM: Previous 0.1%
- Canadian CPI Common: Previous 2.3%
- Canadian Core CPI MoM: Previous -0.2%
13:55 - US Redbook (Weekly)
- US Redbook YoY: Previous 5.8%
15:00 - Eurozone Consumer Confidence Flash (May)
- Eurozone Consumer Confidence Flash: Forecast -16 vs Previous -16.7
21:30 - US API Weekly Oil Stock Report
- US API Crude Oil Stock Change: Previous 4.287M
- US API Cushing Stock Change: Previous -0.85M
- US API Gasoline Stock Change: Previous -1.374M
- US API Distillate Stock Change: Previous -3.675M
Central Bank Speakers
- 07:30 - ECB Pres. von der Leyen Speaks
- 07:55 - ECB's Wunsch Speaks
- 08z:00 - BoE's Pill Speaks
- 11:00 - ECB's Knot Speaks
- 11:00 - ECB's Cipollone Speaks
- 12:50 - ECB's Buch Speaks
- 14:00 - Fed's Bostic Speaks
- 14:00 - Fed's Barkin Speaks
- 14:30 - Fed's Collins Speaks
- 18:00 - Fed's Musalem Speaks
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