Oil Prices Ease in Asian Trade as Gulf Tensions and Hormuz Shipping Risks Weigh on Markets 
UAE Exits OAPEC Amid Shift Toward Independent Oil Strategy and Market Uncertainty 
Trump Plans 25% Tariff on EU Car Imports Amid Rising U.S.-EU Trade Tensions 
Gold Prices Edge Higher Amid Middle East Tensions and Oil Market Volatility 
Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease 
US Stock Futures Steady as Earnings Season and Jobs Data Take Center Stage 
Asian Markets Slip Amid Strait of Hormuz Tensions and RBA Rate Hike Expectations 
Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire 
Lots of economic dockets scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: House price index rose 7.9 percent in July.
- Australia: Employment rate declined to 5.7 percent. Part time employment rose by 71,600 and full time employment declined by 45,400.
Upcoming:
- France: ILO unemployment rate will be released at 5:30 GMT. Prior 10.2 percent.
- Eurozone: Current account for June will be published at 8:00 GMT. Consumer price index for July will be published along construction output at 9:00 GMT. ECB will release its monetary policy minutes at 11:30 GMT.
- United Kingdom: Retail sales for July will be released at 8:30 GMT.
- Portugal: Current account will be published today.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by CB leading indicator at 14:00 GMT. EIA will be release natural gas inventory report at 14:30 GMT. FOMC member Williams will be speaking at 20:00 GMT.
