Oil Prices Jump as Middle East Tensions Shake Markets, AI Rally Loses Steam 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Third quarter house price index rose by 1.5 percent, up 3.5 percent from a year ago. National Australia Business confidence and conditions came at 5 for November.
- China: Retail sales rose by 10.8 percent y/y in November. Industrial production rose by 6.2 percent y/y and urban investments rose by 8.3 percent y/y.
Upcoming:
- Germany: Consumer price inflation numbers will be released at 7:00 GMT, followed by Zew survey report at 10:00 GMT.
- Spain: Inflation numbers for November will be reported at 8:00 GMT.
- Italy: Industrial output for October will be reported at 9:00 GMT.
- United Kingdom: Inflation numbers that include RPI, CPI, PPI, and HPI will be released at 9:30 GMT.
- Eurozone: Employment change report for third quarter and Zew survey for December will be released at 10:00 GMT.
- United States: NFIB business optimism index, and terms of trade for November will be released at 11:00 GMT and 13:30 GMT respectively.
- Australia: Westpac consumer confidence report for December will be released at 23:30 GMT.
- Japan: Tankan manufacturing survey for third quarter will be released at 23:50 GMT.
- Auction: Spain will auction 3-month and 9-month letras today. Germany will auction 30-year bund. US will auction 1-month bills at 16:30 GMT, and 30-year bond at 18:00 GMT.
