Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Lots of economic dockets scheduled for today and some with high volatility risks associated.
Data released so far –
- Australia: Westpac consumer confidence declined by 3 percent in July.
- Japan: industrial production declined by 2.6 percent in May, down -0.4 percent from a year back.
Upcoming:
- France: CPI inflation for June will be released at 6:45 GMT.
- China: Trade balance for June will be released at 7:00 GMT.
- Spain: HICP inflation for June will be published at 7:00 GMT.
- Italy: Consumer price inflation for June will be released at 8:00 GMT.
- United Kingdom: Bank of England’s quarterly credit conditions report is due at 8:30 GMT.
- Eurozone: Industrial production for May will be released at 9:00 GMT.
- United States: MBA mortgage applications will be released at 11:00 GMT, followed by terms of trade at 12:30 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release Beige book at 18:00 GMT.
- Canada: BOC will announce monetary policy decision at 14:00 GMT.
- New Zealand: Business PMI for June will be released at 22:30 GMT.
- Auction: US will auction 30 year note at 17:00 GMT.
