Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
Lots of economic dockets scheduled for today and some with high volatility risks associated.
Data released so far:
- New Zealand: ANZ business confidence declined to 16 in June from 20.2 in May. ANZ activity outlook for July declined to 31.4 percent from 35.1 percent.
- Australia: Producer price index by 1 percent y/y in second quarter. Private sector credit growth declined to 6.2 percent y/y in May, down from 6.5 percent in April.
- Japan: Vehicle production declined 1 percent y/y in July. BOJ kept rates and QE on hold but increases US dollar lending program to $24 billion and purchase targets of ETFs from ¥3.3 trillion to ¥6 trillion.
Upcoming:
- Japan: Housing starts data will be released at 5:00 GMT, along with construction orders.
- France: Second quarter flash GDP will be released at 5:30 GMT. Consumer spending and CPI inflation data to be released at 6:45 GMT.
- Germany: Retail sales for June will be released at 6:00 GMT.
- Spain: Second quarter GDP and HICP inflation for July and current account balance for May will be released at 7:00 GMT.
- Switzerland: KOF leading indicator for July will be released at 7:00 GMT.
- Italy: Unemployment report for June will be released at 8:00 GMT. Producer and consumer price inflation will be released at 9:00 GMT.
- United Kingdom: Money supply and consumer credit data will be published at 8:30 GMT.
- Greece: Retail sales for May and Producer price inflation for June is scheduled for release at 9:00 GMT.
- Eurozone: Second quarter GDP estimate and consumer price inflation will be released at 9:00 GMT.
- United States: Second quarter flash GDP and PCE inflation will be reported at 12:30 GMT, followed by Chicago PMI at 13:45 GMT and Michigan consumer sentiment at 14:00 GMT.
- Canada: GDP for May is scheduled at 12:30 GMT, along with raw material price and industrial product price.
