Asian Stocks Drop as Trump Signals Iran War Escalation 
Oil Prices Slide as Iran Tensions Ease and U.S. Crude Stockpiles Swell 
U.S. Dollar Climbs as Trump Escalates Rhetoric Against Iran 
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Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges 
Lots of economic dockets scheduled for today and some with high volatility risks.
Data released so far –
- China: GDP grew 6.7 percent in second quarter from a year back and 1.8 percent on quarterly basis. Urban investments grew 9 percent y/y in June. Industrial production grew 6.2 percent y/y and retail sales grew 10.6 percent on yearly basis. New loans rose by 1.38 trillion and money supply grew 11.8 percent.
Upcoming:
- Italy: Trade balance for May will be announced at 8:00 GMT.
- Eurozone: Trade balance for May will be announced at 9:00 GMT, along with consumer price inflation for June.
- United Kingdom: Bank of England (BoE) governor Mark Carney is scheduled to speak at 12:00 GMT. CB leading economic index will be published at 13:30 GMT.
- United States: New York Empire State manufacturing index will be released at 12:30 GMT, along with retail sales and consumer price inflation for June. Michigan consumer sentiment is due at 14:00 GMT.
- Canada: Manufacturing shipments data for May will be announced at 12:30 GMT.
