Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
As usual not many economic dockets scheduled for Monday and all with low to medium risks associated.
Data released so far –
- Australia – Investment lending for homes grew 3.9 percent in May while home loans are down by 1 percent.
Upcoming:
- Japan: Flash reading on Machine Tools Orders for June will be released at 6:00 GMT. Corporate goods price index will be released at 23:50 GMT.
- Italy: Industrial Output for May will be released at 8:00 GMT.
- Greece: Industrial production for May will be released at 9:00 GMT.
- Portugal: Global trade balance for May likely to be released today.
- Eurozone: Euro group is scheduled to meet today.
- United States: Labor market condition index will be published at 14:00 GMT.
- United Kingdom: BRC retail sales report for June will be published at 23:00 GMT.
- Auction: US will auction 3 month and 6 month bills at 15:30 GMT and 3 year note at 17:00 GMT.
