ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
In terms of volatility risks, this week is heavy with the focus on Brexit, key economic data, and trade talks,
What to watch for over the coming days:
- Central Banks: Bank of England governor Carney’s speech on Tuesday. Federal Reserve chair Powell also to speak on Tuesday. RBNZ rate decision early Wednesday.
- Economic data: UK flashy GDP report and industrial production numbers on Monday, inflation statistics on Wednesday, and retail sales report on Friday. China’s forex reserves and money supply statistics on Tuesday, trade balance report on Wednesday, and inflation report on Friday. U.S. CPI inflation report on Wednesday, and retail sales report, and PPI inflation on Thursday. German flash GDP report on Thursday. Eurozone flash GDP statistics on Thursday.
- Geopolitics: Turkish President and Iran President to visit Russia on Thursday and meet President Putin.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Sino-American trade talks, and Korean peninsula are likely to keep influencing the market.
