Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar 
New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: Leading economic index down 0.1 percent in July, up 0.5 percent in the second quarter on a quarterly basis and up 1.9 percent from a year ago.
Upcoming:
- Italy: Second quarter flash GDP report will be published at 8:00 GMT.
- United Kingdom: ILO unemployment report will be published at 8:30 GMT.
- Eurozone: Second quarter flash GDP report will be published at 9:00 GMT.
- United States: Building permits and housing starts report will be published at 12:30 GMT. EIA will release weekly inventory report at 14:30 GMT. FOMC will release minutes at 18:00 GMT.
- New Zealand: Producer price inflation report will be released at 22:45 GMT.
- Japan: July trade balance report will be released at 23:50 GMT.
- Auction: Spain will auction 6-month and 12-month bonds today.
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