Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
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Lots of economic dockets scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- China: House price index rose 7.9 percent in July.
- Australia: Employment rate declined to 5.7 percent. Part time employment rose by 71,600 and full time employment declined by 45,400.
Upcoming:
- France: ILO unemployment rate will be released at 5:30 GMT. Prior 10.2 percent.
- Eurozone: Current account for June will be published at 8:00 GMT. Consumer price index for July will be published along construction output at 9:00 GMT. ECB will release its monetary policy minutes at 11:30 GMT.
- United Kingdom: Retail sales for July will be released at 8:30 GMT.
- Portugal: Current account will be published today.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by CB leading indicator at 14:00 GMT. EIA will be release natural gas inventory report at 14:30 GMT. FOMC member Williams will be speaking at 20:00 GMT.
