Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Employment rose by 54,200. Participation edged up to 65.3 percent. Unemployment rate unchanged at 5.6 percent.
- China: Urban investments declined to 7.8 percent y/ growth in August. Retail sales growth declined to 10.1 percent y/y. Industrial production growth dipped to 6 percent y/y.
Upcoming:
- Japan: Industrial production report will be released at 4:30 GMT for July.
- France: Consumer price inflation report will be published at 6:45 GMT.
- Switzerland: SNB will announce interest rate decision at 7:30 GMT.
- Italy: Consumer price inflation report will be published at
- United Kingdom: BoE will announce interest rate decision at 11:00 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with consumer price inflation report. EIA will release its weekly natural gas inventory report at 14:30 GMT.
- Canada: New House price index will be updated at 12:30 GMT.
- Germany: Bundesbank President Weidmann is scheduled to speak at 15:30 GMT.
- New Zealand: August business PMI report will be published at 22:30 GMT.
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