Citadel Warns High Treasury Yields Pose Broader Market Risks 
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BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
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Lots of economic dockets scheduled for today and some with high volatility risks.
Data released so far –
- China: GDP grew 6.7 percent in second quarter from a year back and 1.8 percent on quarterly basis. Urban investments grew 9 percent y/y in June. Industrial production grew 6.2 percent y/y and retail sales grew 10.6 percent on yearly basis. New loans rose by 1.38 trillion and money supply grew 11.8 percent.
Upcoming:
- Italy: Trade balance for May will be announced at 8:00 GMT.
- Eurozone: Trade balance for May will be announced at 9:00 GMT, along with consumer price inflation for June.
- United Kingdom: Bank of England (BoE) governor Mark Carney is scheduled to speak at 12:00 GMT. CB leading economic index will be published at 13:30 GMT.
- United States: New York Empire State manufacturing index will be released at 12:30 GMT, along with retail sales and consumer price inflation for June. Michigan consumer sentiment is due at 14:00 GMT.
- Canada: Manufacturing shipments data for May will be announced at 12:30 GMT.
