Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
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 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- China: Producer price index for July came at -1.7 percent from a year back. Consumer price index came at 1.8 percent in July on yearly basis.
- Australia: National Australia Bank’s business confidence declined to 4 from 6. National Australia Bank’s business conditions declined to 8 from 12.
Upcoming:
- China: FDI data might get released today.
- Switzerland: Unemployment rate for July will be announced at 5:45 GMT.
- Germany: Trade balance for June will be released at 6:00 GMT. Prior -0.4 percent y/y.
- Japan: Machine tools orders for July will be released at 6:00 GMT. Domestic corporate goods price inflation will be reported at 23:50 GMT.
- France: Budget for June will be announced at 6:45 GMT.
- United Kingdom: Industrial and manufacturing production for June along with the trade balance will be announced at 8:30 GMT. NIESR GDP estimate for 3 month to July will be released at 14:00 GMT.
- Greece: Industrial production for June will be reported at 9:00 GMT.
- United States: NFIB business optimism index to be reported at 10:00 GMT, followed by unit labor cost and non-farm productivity at 12:30 GMT and TIPP economic optimism at 14:00 GMT.
- Auction: United States will auction 1 month bill at 15:30 GMT and 3 year note at 17:00 GMT.
