Oil Prices Ease in Asian Trade as Gulf Tensions and Hormuz Shipping Risks Weigh on Markets 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Gold Prices Hold Steady Amid Iran Tensions and Interest Rate Uncertainty 
Gold Prices Edge Higher Amid Middle East Tensions and Oil Market Volatility 
Copper Prices Hold Near Three-Week Low Amid Strong Dollar and Global Slowdown Fears 
Asian Currencies Hold Steady as RBA Rate Hike and Middle East Tensions Shape Market Sentiment 
Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire 
Asian Markets Slip Amid Strait of Hormuz Tensions and RBA Rate Hike Expectations 
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally 
Global Markets Rise as Oil Prices Stabilize Amid Middle East Tensions 
Not many economic dockets and events are scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Consumer confidence marginally improved to 42.
Upcoming:
- Spain: Unemployment change for August will be reported at 7:00 GMT. Prior -84,000, expected +15,000
- Italy: Second quarter GDP data will be released at 8:00 GMT. Expected 0.7 percent y/y.
- Eurozone: Producer price index for July will be released at 9:00 GMT.
- United States: Non-farm payroll report will be released at 12:30 GMT, followed by ISM New York August at 13:45 GMT and factory orders at 14:00 GMT. Fed’s Lacker is scheduled to speak at 17:00 GMT.
- Canada: International trade data along with labor productivity numbers will be released at 12:30 GMT.
