Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts 
China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says 
Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets 
Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact 
Trump-Xi Summit 2026: U.S.-China Trade War Tensions and Tariff Talks 
Lots of economic data releases and events scheduled today and some are with high risks associated.
Upcoming:
- Spain: HICP inflation for September and retail sales report for August will be shared at 7:00 GMT.
- Germany: Unemployment report for September will be released at 7:55 GMT. HICP inflation for September will be reported at 12:00 GMT.
- United Kingdom: Mortgage approvals and money supply data for September will be released at 8:30 GMT. GFK consumer confidence for September is set to be released at 23:00 GMT.
- United States: FOMC member Harker is scheduled to speak at 9:00 GMT. Weekly jobless claims report is scheduled for release at 12:30 GMT, along with second quarter GDP data and followed by pending home sales report at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT. Fed's Lockhart is scheduled to speak at 12:50 GMT and Powell at 14:00 GMT. Fed’s Yellen is scheduled to speak at 20:00 GMT.
- Eurozone: Manufacturing, services, and economic sentiment along with business climate and industrial confidence will be reported at 9:00 GMT.
- New Zealand: Building permits for August will be reported at 22:45 GMT.
- Japan: Tokyo and National CPI data will be published 23:30 GMT, along with unemployment report and household spending. BoJ will release the summary of opinions for its monetary policy meeting at 23:50 GMT. Industrial production data for August will be reported about the same time.
