Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI declined to 53 in June.
- China: Caixin manufacturing PMI declined to 51 in June.
Upcoming:
- Spain: Markit manufacturing report will be released at 7:15 GMT.
- Switzerland: Real retail sales report will be released at 7:15 GMT, followed by SVME PMI report at 7:30 GMT.
- Italy: Markit manufacturing PMI report will be released at 7:45 GMT, followed by May unemployment report at 8:00 GMT.
- France: Markit manufacturing PMI report will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI report will be released at 7:55 GMT.
- Eurozone: Markit manufacturing PMI report will be released at 8:00 GMT, followed by unemployment report and PPI inflation report at 9:00 GMT.
- United States: Markit manufacturing PMI report will be released at 13:45 GMT, followed by ISM manufacturing PMI report at 14:00 GMT, along with construction spending details.
- New Zealand: NZIER business confidence report will be released at 22:00 GMT.
- Auction: U.S. will auction 1-month, 3-month, and 6-month bills at 15:30 GMT.
