Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Not many economic dockets scheduled for today. Focus is on BOE interest rate decision.
Data released so far:
- China - Producer price index (PPI) dropped -4.8% in June from a year ago. Consumer price index grew 1.4%in June from a year ago.
- Australia - Full time employment rose by 24.5K, while part time employment dropped by 17.2K. Unemployment rate ticked up to 6% from 5.9%.
- Germany - Trade balance came at € 22.8 billion as exports rose by 1.7% in May and imports dropped by -0.4%
- Japan - Machine tools orders rose by 6.6% in June from a year ago, according to preliminary reading.
Upcoming:
- Greece - Greece will declare unemployment rate and consumer price index at 9:00 GMT.
- UK - Bank of England will announce monetary policy at 11:00 GMT.
- US - Not many economic releases from US today. Initial jobless claims scheduled at 12:30 GMT. EIA will release Natural gas inventory at 14:30 GMT.
- Canada - Housing starts for June to be released at 12:15 GMT, followed by new house price index at 12:30 GMT.
- Japan - Corporate goods price details for June to be released at 23:50 GMT.
