Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Not many economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Australia: TD securities inflation rises 0.6 percent in June, up 1.5 percent from a year back. Building permits declined -5.2 percent in May, down -9.1 percent from a year back. ANZ job advertisements up 0.5 percent in June.
Upcoming:
- Spain: Unemployment change for June will be released at 7:00 GMT. Prior -119.8K.
- United Kingdom: Construction PMI will be released at 8:30 GMT.
- Eurozone: Sentix investor confidence for July will be published at 8:30 GMT. Prior 9.9, expected 6.5. Producer price index for May will be released at 9:00 GMT.
- Canada: RBC manufacturing PMI will be released at 13:30 GMT, followed by Bank of Canada (BoC) business outlook survey.
- New Zealand: NZIER business confidence for the second quarter will be released at 22:00 GMT.
- Australia: AIG performance of services index will be announced at 23:30 GMT.
