BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance for November came at A$1.243 billion.
- Japan: Labor cash earnings rose by 0.2 percent y/y in November.
Upcoming:
- Germany: Factory orders for November will be released at 7:00 GMT, along with retail sales.
- Switzerland: December forex reserve data will be published at 8:00 GMT.
- Eurozone: Confidence data for December will be released at 10:00 GMT, along with retail sales report.
- United States: Trade balance for November will be published at 13:30 GMT, along with NFP report for December, followed by November factory orders and durable goods orders at 15:00 GMT. Fed’s Evans is scheduled to speak on economy and policy at 17:15 GMT. Fed’s Lacker is scheduled to speak at Maryland Bankers’ association at 18:00 GMT.
- Canada: Payroll report for December will be released at 13:30 GMT.
