South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
OECD Sees Bank of Japan Raising Interest Rates to 2% by 2027 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
In terms of volatility risks, this week is heavy with the focus of central banks and geopolitics,
What to watch for over the coming days:
Central Banks:
- Bank of Japan (BoJ) will announce the monetary policy decision on Tuesday.
- Federal Reserve will announce monetary policy decision on Wednesday.
- Bank of England (BoE) will announce monetary policy on Thursday.
Economic data:
- Japan’s unemployment report on Monday.
- German inflation report on Tuesday, retail sales and unemployment reports on Wednesday.
- U.S. income and spending report on Tuesday, ADP employment report on Wednesday, ISM manufacturing PMI on Thursday, and NFP report on Friday.
- China’s official manufacturing PMI reports on Wednesday and Caixin manufacturing report on Thursday.
- Australia’s inflation report on Wednesday.
- Eurozone Q2 GDP and July inflation report on Wednesday.
- Manufacturing PMI reports from all around the world to be released on Thursday.
Geopolitics:
- U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to hold trade talks with Chinese counterparts this week.
