German Industry Employment Falls to Lowest Level in a Decade 
Trump Questions USMCA Renewal as Trade Talks Continue 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Not many economic dockets scheduled for today but some with very high risks of volatility associated. The focus is on interest rate decision from Bank of England (BoE).
Data released so far :
- Australia: Consumer inflation expectations rose to 3.7 percent in July, up from 3.5 percent in June. The Unemployment rate ticked up to 5.8 percent as participation rate rose by 0.01 percent to 64.9 percent. Part-time employment declined by 30,500, whereas full-time employment rose by 38,400. New motor vehicle sales for June rose by 3.1 percent.
Upcoming:
- Switzerland: Producer and import prices for June will be released at 7:15 GMT.
- United Kingdom: Bank of England (BoE) will announce monetary policy at 11:00 GMT.
- United States: Producer price index for June will be released at 12:30 GMT, along with weekly jobless claims report. EIA will release its weekly natural gas report at 14:30 GMT. Fed’s Lockhart is scheduled to speak at 15:15 GMT.
- Canada: New house price index is scheduled at 12:30 GMT.
