The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.

United Kingdom Total Trade Balance fell from previous £-0.72B to £-9.658B in March

United Kingdom Gross Domestic Product (YoY) above expectations (0.8%) in 1Q: Actual (1.1%)

United Kingdom Gross Domestic Product (QoQ) meets expectations (0.6%) in 1Q

United Kingdom Index of Services (3M/3M) registered at 0.8% above expectations (0.6%) in March

United Kingdom Trade Balance; non-EU dipped from previous £-7.097B to £-15.195B in March

United Kingdom Total Business Investment (YoY) down to -1.8% in 1Q from previous 2%

United Kingdom Manufacturing Production (YoY) above forecasts (0%) in March: Actual (1.2%)

United Kingdom Industrial Production (YoY) came in at 0%, below expectations (0.2%) in March

United Kingdom Industrial Production (MoM) came in at -0.2%, above forecasts (-0.3%) in March

United Kingdom Goods Trade Balance below expectations (£-20B) in March: Actual (£-27.22B)

United Kingdom Gross Domestic Product (YoY) registered at 1% above expectations (0.8%) in 1Q

United Kingdom Total Business Investment (QoQ) registered at 0.7%, below expectations (1.1%) in 1Q

United Kingdom Gross Domestic Product (QoQ) registered at 0.1%, below expectations (0.6%) in 1Q

United Kingdom Manufacturing Production (MoM) came in at 1.2%, above forecasts (-0.2%) in March

United Kingdom Gross Domestic Product (MoM) came in at 0.3%, above expectations (-0.2%) in March

Chinese President Xi Jinping told United States (US) CEOs accompanying President Donald Trump on a Beijing visit that China's door would only open wider, and that he believed US companies would have broader prospects in the country, state-run news agency Xinhua reported.

USD/CNH continues its losing streak that began on April 30, reached a 39-month low of 6.7815, and is now trading around 6.7850 during the Asian hours on Thursday. Traders adopted a cautious stance as the high-stakes summit between Presidents Donald Trump and Xi Jinping began in Beijing.

Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.

Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.

The Japanese government is mulling to infuse extra budget for the Financial Year (FY) 2026 to counter the pressures of higher oil prices, in an attempt to ease households’ burden.

The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the first quarter’s Gross Domestic Product (GDP) report on Thursday. Market analysts have anticipated a 0.6% growth in the three months to March, after a meager 0.1% advance in the last quarter of 2025.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8401 compared to the previous day's fix of 6.8426 and 6.7888 Reuters estimate.

The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials.

Japan Money Supply M2+CD (YoY) rose from previous 2% to 2.3% in April

Japan Foreign Investment in Japan Stocks: ¥1437.5B (May 8) vs ¥301.5B

Japan Foreign Investment in Japan Stocks down to ¥301.5B in May 1 from previous ¥807.9B

Japan Foreign Investment in Japan Stocks: ¥1437.5B (May 1) vs ¥807.9B

US President Donald Trump arrived in Beijing for a state visit to China, where he will meet with Chinese President Xi Jinping to discuss topics including trade and the Iran war, Bloomberg reported on Wednesday. This is the first state visit to China by a US leader in nine years.

United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-25%) in April