UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Markit services PMI declined to 52.2 in April compared to 52.9 previous.
- China: Caixin manufacturing PMI declines to 50.3 in April.
Upcoming:
- Australia: Reserve Bank of Australia will announce monetary policy decision at 4:30 GMT.
- Spain: Markit manufacturing PMI for April will be released at 7:15 GMT.
- Switzerland: SVME PMI for April will be released at 7:30 GMT.
- Italy: Markit manufacturing PMI for April will be released at 7:45 GMT.
- France: Markit manufacturing PMI for April will be released at 7:50 GMT.
- Germany: Markit manufacturing PMI for April will be released at 7:55 GMT.
- Greece: Markit manufacturing PMI for April will be released at 8:00 GMT.
- Eurozone: Markit manufacturing PMI for April will be released at 8:00 GMT, followed by unemployment report for March.
- United Kingdom: Markit manufacturing PMI for April will be released at 8:30 GMT. BRC shop price report will be released at 23:00 GMT.
- Australia: Budget report will be released at 9:30 GMT.
- United States: Redbook index will be updated at 12:55 GMT, followed by total vehicle sales at 19:30 GMT.
- New Zealand: Employment report for the first quarter will be released at 22:45 GMT. The global auction is scheduled today.
- Auction: U.S. will auction 1-month bills at 15:30 GMT.
