UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
US Dollar Near Two-Month Low as Markets Await Inflation Data 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
This week is a filled with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of Canada (BoC) will announce interest rate decision on Wednesday.
- Economic data:
Services PMI reports from across the world on Tuesday. Australian third-quarter GDP on Wednesday. ADP employment report from the U.S. on Wednesday. Japan’s third-quarter GDP on Thursday. U.S. NFP report on Friday.
- US Government shutdown:
Government shutdown looms as the deadline to pass budget ends on Friday.
- Brexit:
On Monday, UK Prime Minister Theresa May is slated to meet with Jean-Claude Juncker, president of the European Commission, and Michel Barnier, the EU’s chief Brexit negotiator.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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