China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Investment lending for homes rose by 4.9 percent, while home loans rose by 0.9 percent. New motor vehicle sales up 0.2 percent y/y in December.
- Japan: Industrial production rose by 1.5 percent in November, up 4.6 percent from a year ago.
Upcoming:
- France: November budget details will be out at 7:45 GMT.
- Italy: Trade balance data for November will be released at 9:00 GMT.
- United Kingdom: December inflation numbers will be published at 9:30 GMT. Prime Minister Theresa May is scheduled to speak on Brexit at 11:45 GMT.
- Germany: Zew survey report for January will be published at 10:00 GMT.
- Eurozone: Zew survey report will be released at 10:00 GMT.
- United States: New York empire state manufacturing index will be released at 13:30 GMT., followed by TIPP Economic optimism index at 15:00 GMT. Fed’s Dudley is scheduled to speak at 13:45 GMT and Lael Brainard is scheduled to speak at 15:00 GMT. Treasury Secretary Jack lew will be delivering a speech at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Australia: Westpac consumer confidence report will be published at 23:30 GMT.
- Auction: US will auction 3-month, 1-month and 6-month bills at 16:30 GMT.
