Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
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Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: National Australia bank’s business confidence improves to 6 from 4 in August and conditions deteriorates to 7 from 8.
- China: Urban investment grew 6.1 percent y/y in August. Industrial production grew 6.3 percent y/y. Retail sales grew 10.6 percent in August from a year back.
Upcoming:
- Germany: Wholesale price index for August will be reported today. HICP inflation will be reported at 6:00 GMT.
- China: Money supply and loans statistics may get released today.
- Spain: HICP inflation data will be reported at 7:00 GMT.
- Switzerland: Producer and import prices for August will be reported at 7:15 GMT.
- Italy: Industrial production for July will be reported at 8:00 GMT.
- United Kingdom: August inflation statistics will be published from UK at 8:30 GMT.
- Eurozone: ECB president Mario Draghi is scheduled to speak at 9:00 GMT. Zew survey report on economic sentiment will be published at the same time, along with employment change report for the second quarter.
- United States: NFIB business optimism index for August will be released at 10:00 GMT, followed by Redbook index at 12:55 GMT and monthly budget statement at 18:00 GMT.
- Auction: United States will auction 1-month bills at 15:30 GMT and 10-year note at 17:00 GMT.
