U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
Lots of data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Construction work done in the second quarter jumped 9.3 percent. Building permits declined 1.7 percent in July, down 13.9 percent from a year ago.
Upcoming:
- Switzerland: UBS consumption indicator will be updated at 6:00 GMT. KOF leading indicator will be published at 7:00 GMT. Zew survey report will be published at 8:00 GMT.
- Spain: August HICP inflation report will be released at 7:00 GMT.
- United Kingdom: Mortgage approvals data, money supply statistics and consumer credit report will be published at 8:30 GMT. GFK consumer confidence report will be published at 13:30 GMT.
- Portugal: Business and consumer confidence report will be published at 8:30 GMT.
- Italy: Producer price inflation report will be released at 9:00 GMT.
- Greece: Producer price inflation report will be released at 9:00 GMT.
- Eurozone: Sentiment reports will be published at 9:00 GMT.
- Germany: HICP inflation for August will be reported at 12:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT, followed by ADP employment report at 12:15 GMT and second quarter flash GDP report at 13:30 GMT. FOMC member Powell is scheduled to speak at 13:15 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT.
- Canada: Second quarter current account balance numbers will be updated at 12:30 GMT.
- Japan: July industrial production report will be published at 23:50 GMT.
- Auction: Italy will auction 5-year and 10-year bond today.
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