Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
This week is heavy with events which might trigger massive volatilities in the market.
What to watch for over the coming days:
- US GDP:
This is the only major data scheduled this week from the United States and will be released on Friday.
- Brexit ruling:
The Supreme Court of the UK would announce on Tuesday whether the government can unilaterally trigger Article 50 or need parliamentary approval. If the Supreme Court allows voting power to regional governments in Scotland and Welsh, it could be big trouble for the current administration.
- US earnings:
Investors would remain focused onto fourth quarter earnings details from the companies listed in S&P 500. This week, 20 percent companies listed in S&P 500 are scheduled to announce results including Alphabet, Verizon, Microsoft, Yahoo, Ford, Caterpillar and more.
- Trump:
Nothing is scheduled but eyes would remain focused on the White House as President Donald Trump begins his first work week in Office.
