Oil Prices Rise as Hormuz Attacks Fuel Supply Fears 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
World Bank Raises South Asia Growth Forecast to 6.9% 
Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels 
Indian Stocks Fall as RBI Hikes Rates to 5.50% 
India-US Trade Deal Talks Hit Plateau, Sitharaman Says 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
European Stocks Fall as Oil Rises Ahead of Fed Minutes 
Gold Prices Rise as Dollar Weakens, Treasury Yields Ease 
Gold Prices Fall as Stronger Dollar Weighs on Bullion 
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Quite a number of economic events lined up today but all with low to medium volatility risks associated.
Upcoming:
- Germany: Factory orders for May will be announced at 6:00 GMT.
- Spain: Industrial output for May will be announced at 7:00 GMT.
- United States: MBA mortgage applications will be announced at 11:00 GMT, followed by Trade balance for May. Fed’s Tarullo will be speaking at 13:00 GMT. Markit services PMI will be announced at 13:45 GMT, followed by ISM-non manufacturing PMI at 14:00 GMT. FOMC will release minutes of June meeting at 18:00 GMT.
- Canada: Trade balance for May will be announced at 12:30 GMT.
- Australia: AiG performance of construction index will be published at 23:30 GMT.
- Auctions: US will auction 1 month bills at 18:30 GMT.
