Bolivia Approves $1.9 Billion IMF Financing Deal 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Yemen Fighting Threatens Red Sea Oil Routes 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
Bessent, He Lifeng to Discuss AI Security and Trade in New York 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
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Fundamentals to watch out for this week
Compared to last week, this week is relatively quiet with few data that could rapidly increase volatility in the market.
What to watch for over the coming days:
- UK economic data:
Time has come to pay some extra attention as the first batch of key economic data from the post-referendum UK become available this week. There are inflation data on Tuesday, Employment data on Wednesday and retail sales data on Thursday. All these data are for the month of July.
- US economic data and Fed speakers:
Not many economic dockets but all with high volatility risks associated On Monday, there is house price index from the National Housing Board, consumer price inflation data on Tuesday, and FOMC minutes on Wednesday. Several Fed speakers are scheduled this week; Fed’s Lockhart on Tuesday, Bullard on Wednesday, and Williams on Thursday.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
