Gold Prices Drop as Oil Rally and U.S.-Iran Tensions Shake Markets 
Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets 
U.S. Stock Futures Fall as Iran Tensions Rise, Oil Prices Surge 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Oil Prices Surge as U.S.-Iran Tensions Escalate and Strait of Hormuz Closes 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices 
Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
Oil Prices Surge Amid Middle East Tensions as Global Markets React Cautiously 
Lots of economic dockets and events scheduled for today and some with very high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectations rose to 3.4 percent in December. Unemployment rate ticked up to 5.7 percent in November. Fulltime employment rose by 39,300, while part time employment declined by 200.
- Japan: Nikkei manufacturing PMI in December came at 51.9.
- China: Foreign Direct Investment (FDI) rose by 3.9 percent y/y in China.
Upcoming:
- France: Markit flash manufacturing and services PMI will be released at 8:00 GMT.
- Germany: Markit flash manufacturing and services PMI will be reported at 8:30 GMT.
- Switzerland: SNB will announce interest rate decision at 8:30 GMT.
- Eurozone: Flash manufacturing and services PMI will be reported at 9:00 GMT.
- United Kingdom: Retail sales report for November will be released at 9:30 GMT. BoE will announce interest rate decision at 12:00 GMT.
- Greece: Third quarter unemployment report will be released at 10:00 GMT.
- United States: New York empire state manufacturing index for December will be released at 13:30 GMT, along with weekly jobless claims, consumer price inflation numbers, and Philadelphia Fed manufacturing survey for December. Markit manufacturing PMI will be reported at 14:45 GMT. NAHB housing market index for December will be reported at 15:00 GMT. EIA will release weekly natural gas inventory report will be released at 15:30 GMT.
- New Zealand: Current account details for third quarter will be released at 21:45 GMT.
