Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
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Not many economic data and events scheduled for today but some with high volatility risks associated.
Upcoming:
- Spain: Markit services PMI report will be released at 7:15 GMT.
- Italy: Markit services PMI report will be released at 7:45 GMT.
- France: Markit services PMI report will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Markit services PMI report will be released at 8:00 GMT. ECB will hold its non-monetary policy meeting today. Retail sales report for August will be released at 10:00 GMT. ECB President Draghi is scheduled to speak today at 17:15 GMT.
- United Kingdom: Markit services PMI report will be released at 8:30 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by ADP employment report at 12:15 GMT and ISM non-manufacturing PMI at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. Fed chair Yellen is set to speak at 19:15 GMT.
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