UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Lots of economic data and events scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 0.9 percent y/y in September.
- United Kingdom: BRC like for like retail sales down 1 percent in October.
- Australia: RBA kept monetary policy unchanged.
Upcoming:
- Germany: Industrial production for September will be reported at 7:00 GMT.
- France: September budget details will be published at 7:45 GMT.
- Switzerland: September Forex reserve details will be released at 8:00 GMT.
- United Kingdom: Halifax house price index for October will be reported at 8:30 GMT. NIESR will release GDP estimate at 15:00 GMT.
- Italy: Retail sales report for September will be reported at 9:00 GMT.
- United States: JOLTS jobs report for September will be reported at 15:00 GMT, along with TIPP economic optimism. Consumer credit report will be published at 20:00 GMT.
- Canada: BoC governor Poloz is scheduled to speak at 17:55 GMT.
- New Zealand: Global dairy auction is scheduled today.
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