Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Lots of data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Construction work done in the second quarter jumped 9.3 percent. Building permits declined 1.7 percent in July, down 13.9 percent from a year ago.
Upcoming:
- Switzerland: UBS consumption indicator will be updated at 6:00 GMT. KOF leading indicator will be published at 7:00 GMT. Zew survey report will be published at 8:00 GMT.
- Spain: August HICP inflation report will be released at 7:00 GMT.
- United Kingdom: Mortgage approvals data, money supply statistics and consumer credit report will be published at 8:30 GMT. GFK consumer confidence report will be published at 13:30 GMT.
- Portugal: Business and consumer confidence report will be published at 8:30 GMT.
- Italy: Producer price inflation report will be released at 9:00 GMT.
- Greece: Producer price inflation report will be released at 9:00 GMT.
- Eurozone: Sentiment reports will be published at 9:00 GMT.
- Germany: HICP inflation for August will be reported at 12:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT, followed by ADP employment report at 12:15 GMT and second quarter flash GDP report at 13:30 GMT. FOMC member Powell is scheduled to speak at 13:15 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT.
- Canada: Second quarter current account balance numbers will be updated at 12:30 GMT.
- Japan: July industrial production report will be published at 23:50 GMT.
- Auction: Italy will auction 5-year and 10-year bond today.
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