ECB Governing Council Nagel: In any ECB climate-related measures, price stability must be key.

European Central Bank Governing Council Nagel: Issues about climate change (agreement) cannot be allowed to affect the credibility of the European Central Bank.

The Istanbul Stock Exchange banking index rose 5.9 percent, its fifth straight day of gains.

Market news: U.S. Treasury Secretary Yellen and German Finance Minister Lindner discussed sanctions against Russia and global energy issues.

[Financial website Forexlive commented on the UK’s first-quarter GDP data] The released data basically met expectations, although the monthly data for March was lower than expected. That still points to fairly flat growth in the UK economy, but at least not yet suggesting a recession is on the horizon. That said, as we move into the second quarter, we need to note that the outlook is similar at best.

British Chancellor of the Exchequer Hunt: We will continue to work until we get the job done and have the high-wage, high-growth economy we need.

USGS: 5.5-magnitude earthquake hits Lake Almanor.

GBP/USD fell slightly in the short-term after the release of the UK data.

According to the Japan Broadcasting Association NHK: Mizuho Bank will review its loan business and strengthen asset management.

Societe Generale CEO: I am confident that our bank can face the competition from Bank of America.

The Indian rupee fell to a three-week low of 82.1725 against the dollar.

The U.S. dollar index DXY fell below 102, down 0.10% on the day.

Ministry of Energy of Azerbaijan: Azerbaijan exported 3.9 billion cubic meters of natural gas to Europe from January to April.

Ministry of Energy of Azerbaijan: Azerbaijan exported 8.5 million tons of oil from January to April.

Energy Minister of Azerbaijan: Oil production reached 10.2 million tons from January to April.

Japan Meteorological Agency: The possibility of El Nino phenomenon in summer reaches 80%.