BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
German Industry Employment Falls to Lowest Level in a Decade 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
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.
