Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Upcoming:
- Germany: Producer price inflation report will be released at 6:00 GMT.
- Greece: Current account for February will be reported at 8:30 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with Philadelphia Fed manufacturing survey. EIA will release its weekly natural gas report at 14:30 GMT. Treasury secretary Mnuchin is scheduled to speak at 17:15 GMT.
- United Kingdom: BoE governor Carney is scheduled to speak at 15:30 GMT.
