Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
Gold Prices Rise as Weak US Data and Hormuz Risks Boost Safe-Haven Demand 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
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Not many economic dockets and events scheduled for today and but some with high volatility risks associated.
Data released so far:
- Japan: Eco Watchers survey outlook declined to 49.4 in January and current assessment declined to 49.8
Upcoming:
- Spain: Industrial output report for December will be published at 8:00 GMT.
- Portugal: Fourth quarter unemployed report will be released today.
- United States: MBA mortgage application report will be published at 12:00 GMT. EIA will release crude oil inventory report at 15:30 GMT.
- United Kingdom: MPC member Cunliffe is scheduled to speak at 13:00 GMT.
- Canada: Housing starts data for January will be announced at 13:30 GMT.
- New Zealand: RBNZ will announce interest rate decision at 20:00 GMT, followed by a press conference at 21:00 GMT. Building permits numbers for December will be published at 21:45 GMT.
- Japan: Machinery orders report for December will be published at 23:50 GMT.
- Auction: Germany will auction 10-year bond today.
