Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Lots of economic dockets and events are scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Australia: Private sector credit rose by 6 percent y/y in June.
- New Zealand: ANZ activity outlook improved to 33.7 percent in August.
Upcoming:
- Japan: Annualized housing starts data and construction orders will be announced at 5:00 GMT.
- Germany: Retail sales report for July will be released at 6:00 GMT.
- UK: Nationwide house prices for August will be released at 6:00 GMT.
- Switzerland: UBS consumption indicator for July will be reported at 6:00 GMT.
- France: Producer and consumer price index for July will be released at 6:45 GMT.
- Italy: Unemployment report along with wage inflation will be released at 8:00 GMT, followed by consumer price inflation at 9:00 GMT.
- Greece: Retail sales for June will be released at 9:00 GMT.
- Portugal: Second quarter GDP growth might get released today.
- Eurozone: Consumer price inflation and unemployment rate for the month of July will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and pending home sales report at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT.
- New Zealand: Terms of trade index for second quarter will be reported at 22:45 GMT.
- Australia: AiG performance of manufacturing index will be reported at 23:30 GMT.
