Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
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.
