Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Thailand Inflation Remains Negative for 10th Straight Month in January 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: July trade balance came at $460 million with imports down by 1 percent and exports down by 2 percent.
Upcoming:
- Japan: Coincident index and leading economic index will be updated at 5:00 GMT.
- Germany: July industrial production report will be published at 6:00 GMT.
- France: Trade balance report will be published at 6:45 GMT.
- Switzerland: July forex reserve data will be published at 7:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Greece: June unemployment report will be published at 9:00 GMT.
- Eurozone: Second quarter GDP numbers will be published at 9:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by a press conference at 12:30 GMT.
- United States: Second quarter Unit labor cost and productivity report will be published at 12:30 GMT, along with weekly jobless claims report, and followed by TIPP economic optimism report at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT and crude oil inventory report at 15:00 GMT. Fed’s Williams is scheduled to speak at 23:00 GMT.
- Japan: Second quarter GDP numbers will be published at 23:50 GMT, along with July current account balance.
- Auction: Spain will auction 5-year and 10-year bond today, while France will sell the 10-year bond.
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