RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Thailand Inflation Remains Negative for 10th Straight Month in January 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Second quarter GDP grew by 0.5 percent on quarterly basis, up 3.3 percent from a year ago.
Upcoming:
- Germany: Industrial production data for July will be reported at 6:00 GMT.
- France: Trade balance for July will be announced at 6:45 GMT.
- Switzerland: FX reserve details will be reported at 7:00 GMT.
- United Kingdom: Halifax house prices report will be released at 7:30 GMT, along with manufacturing and industrial production at 8:30 GMT. BoE governor Mark Carney will testify before congress beginning at 9:00 GMT. NIESR will release its GDP estimate at 14:00 GMT. RICS house price balance report is set to be released at 23:00 GMT.
- United States: MBA mortgage applications report is scheduled at 11:00 GMT, followed by Redbook index at 12:55 GMT, and JOLTS jobs report at 14:00 GMT Fed will release Beige book at 18:00 GMT. EIA will release crude inventory data at 14:30 GMT.
- Canada: BoC will announce rate decision at 14:00 GMT, along with IVEY PMI release.
- Japan: Second quarter GDP figure will be released at 23:50 GMT along with current account for July.
