Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage 
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Lots of economic dockets and events are scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Australia: Building permits grew by 11.7 percent in July, up 3.1 percent from a year back.
- Germany: Import price declined by 3.8 percent in July, up 0.1 percent on yearly basis.
Upcoming:
- Spain: Flash HICP inflation for August will be released today.
- Switzerland: KOF leading indicator will be released at 7:00 GMT, followed by employment report for the second quarter at 7:15 GMT.
- Italy: Retail sales report for the month of June is scheduled for release at 8:00 GMT.
- United Kingdom: Consumer credit, money supply, and mortgage approvals reports will be released at 8:30 GMT. GFK consumer confidence for August will be released at 14:00 GMT.
- Greece: producer price index for July will be announced at 9:00 GMT.
- Eurozone: Sentiment reports for the month of August will be reported at 9:00 GMT.
- Portugal: Business and consumer confidence will be announced today.
- Germany: HICP inflation report will be released at 12:00 GMT.
- Canada: Raw material price and industrial product price and current account for second quarter, all detail will be released at 12:30 GMT.
- United States: S&P 500/ Case-Shiller home prices will be released at 13:00 GMT.
- Japan: Flash Industrial production for July report will be released at 23:50 GMT.
- Auctions: Italy would auction 5-year and 10-year bond today. US will auction 1-month bill at 15:30 GMT.
