Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data and events so far:
- US is closed for 4th of July independence day.
- Australia: Retail sales up 0.1 percent m/m in May.
Upcoming:
- Switzerland: CPI inflation for the month of June due at 6:30 GMT. Expected 0.5 percent y/y, prior 0.6 percent.
- Eurozone: ECB member Lane to speak at 7:00 GMT. Retail sales report for the month of May to be published at 9:00 GMT. ECB member De Guindos to speak at 9:00 GMT.
- Australia: AiG performance of construction report to be published at 22:30 GMT.
- Auction: Spain and France will auction 10-year bonds today.
