Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of Japan Signals Potential Rate Hike as Inflation Risks Rise Amid Energy Shock 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
