Good Morning Traders! Nearing the end of the week, a quiet session on paper, with comments from BoE's Bailey being the highlight.
Here is what else to expect.
The case for the Reserve Bank to remain unchanged at its policy meeting next month is strengthened by Australia's unexpected job losses in April and the nation's unemployment rate rising for the first time this year.
Even as House Speaker Kevin McCarthy criticised his choice to travel to Japan for an international summit, President Joe Biden voiced optimism that negotiators would achieve a deal to prevent a catastrophic default.
Insisting that he is "very aligned" with US President Joe Biden on policy towards Beijing, Prime Minister Rishi Sunak said he is mulling tighter export controls and limitations on investment by British companies in China.
At a significant meeting, President Xi Jinping will work to strengthen Beijing's hold on Central Asia while simultaneously reminding the Group of Seven summit of China's importance outside of the US-led international system.
Following an almost 3% increase on Wednesday, oil prices stabilised in Asia as financial markets gained significantly on hopes that the US will break its debt ceiling deadlock, countering a data on US stockpiles that was generally pessimistic.
04:00 AM ET
ECB Publishes the Economic Bulletin
03:45 AM ET
BoE's Pill Speaks
05:15 AM ET
BoE's Gov. Bailey Speaks
Good Luck Today Traders!