Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
UK Wage Growth Holds at 3.5% as Unemployment Rises 
U.S. Public Debt Tops $40 Trillion for First Time 
Australia Unemployment Rate Hits 4.5% as Jobs Fall in July 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand 
Oil Prices Rise as Trump Threatens Tougher Iran Economic Measures 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
Asian Stocks Rally as KOSPI, Nikkei Surge on Bond Market Relief 
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 
Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets 
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This week is extremely risk heavy. Expect lots of volatility.
What to watch for over the coming days:
- Central banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of Japan (BoJ) will announce interest rate decision on Tuesday. FOMC will announce interest rate decision on Wednesday. Bank of England (BoE) will announce interest rate decision on Thursday.
- US data:
Key economic dockets will be released this week; Personal consumer/spending data on Monday, ISM manufacturing PMI on Tuesday, ADP employment on Wednesday, and non-farm payroll data on Friday.
- China data:
PMI reports are due this week and they would be most closely watched releases from Asia as they are vital for the assessment of the strength of the US economy.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
