Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
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Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Employment rose by 54,200. Participation edged up to 65.3 percent. Unemployment rate unchanged at 5.6 percent.
- China: Urban investments declined to 7.8 percent y/ growth in August. Retail sales growth declined to 10.1 percent y/y. Industrial production growth dipped to 6 percent y/y.
Upcoming:
- Japan: Industrial production report will be released at 4:30 GMT for July.
- France: Consumer price inflation report will be published at 6:45 GMT.
- Switzerland: SNB will announce interest rate decision at 7:30 GMT.
- Italy: Consumer price inflation report will be published at
- United Kingdom: BoE will announce interest rate decision at 11:00 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, along with consumer price inflation report. EIA will release its weekly natural gas inventory report at 14:30 GMT.
- Canada: New House price index will be updated at 12:30 GMT.
- Germany: Bundesbank President Weidmann is scheduled to speak at 15:30 GMT.
- New Zealand: August business PMI report will be published at 22:30 GMT.
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