Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI low at 49.6 in July, signaling continued weakness in the manufacturing sector amid trade tensions.
Upcoming:
- France: Flash PMI reports to be released at 7:15 GMT.
- Germany: Flash PMI reports to be released at 7:30 GMT.
- Eurozone: Flash PMI reports to be released at 8:00 GMT.
- United Kingdom: BBA mortgage approval report to be released at 8:30 GMT.
- United States: MBA mortgage applications report due at 11:00 GMT, followed by flash PMI report at 13:45 GMT. New home sales report to be published at 14:00 GMT. EIA will release weekly oil inventory report at 14:30 GMT.
- Japan: Corporate service price inflation report to be released at 23:50 GMT.
- Auction: the U.S. will auction 5-year note at 17:00 GMT.
