Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Trump Questions USMCA Renewal as Trade Talks Continue 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Producer price index for July came at -1.7 percent from a year back. Consumer price index came at 1.8 percent in July on yearly basis.
- Australia: National Australia Bank’s business confidence declined to 4 from 6. National Australia Bank’s business conditions declined to 8 from 12.
Upcoming:
- China: FDI data might get released today.
- Switzerland: Unemployment rate for July will be announced at 5:45 GMT.
- Germany: Trade balance for June will be released at 6:00 GMT. Prior -0.4 percent y/y.
- Japan: Machine tools orders for July will be released at 6:00 GMT. Domestic corporate goods price inflation will be reported at 23:50 GMT.
- France: Budget for June will be announced at 6:45 GMT.
- United Kingdom: Industrial and manufacturing production for June along with the trade balance will be announced at 8:30 GMT. NIESR GDP estimate for 3 month to July will be released at 14:00 GMT.
- Greece: Industrial production for June will be reported at 9:00 GMT.
- United States: NFIB business optimism index to be reported at 10:00 GMT, followed by unit labor cost and non-farm productivity at 12:30 GMT and TIPP economic optimism at 14:00 GMT.
- Auction: United States will auction 1 month bill at 15:30 GMT and 3 year note at 17:00 GMT.
