Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Asian Currencies Slip as Stronger US Dollar, Iran Tensions Pressure Regional FX 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Private sector credit grew 0.7 percent in December, up 5.6 percent from a year ago.
- Japan: BoJ kept monetary policy unchanged with interest rate at -0.1 percent. Vehicle production rose 4.2 percent y/y. Construction orders rose 7.1 percent y/y. Housing starts rose by 3.9 percent y/y.
Upcoming:
- Japan: Kuroda press conference will begin at 6:30 GMT.
- France: Fourth quarter flash GDP number will be released at 6:30 GMT. Flash consumer price inflation numbers for January and producer price inflation numbers for December will be published at 7:45 GMT.
- Germany: Retail sales numbers for December will be published at 7:00 GMT. Unemployment report for January will be published at 8:55 GMT.
- Spain: Flash HICP inflation numbers will be released at 8:00 GMT. Current account balance for November will be published at 9:00 GMT.
- Italy: Unemployment report for December will be published at 9:00 GMT. Producer price inflation number for December will be published at 10:00 GMT.
- United Kingdom: Consumer credit report, mortgage approvals report and money supply statistics, all will be published for the month of December at 9:30 GMT.
- Eurozone: Fourth quarter flash GDP number will be published at 10:00 GMT., along with unemployment rate for January and consumer price inflation for January.
- Germany: Flash CPI and HICP for January will be released at 13:00 GMT.
- United States: Employment cost index for fourth quarter will be published at 13:30 GMT, followed by S&P Case/Shiller home price report at 14:00 GMT, Chicago PMI at 14:45 GMT, and consumer confidence at 15:00 GMT.
- Canada: Raw material price, industrial product price, and December GDP, all will be published at 13:30 GMT.
- New Zealand: Fourth quarter unemployment report will be released at 21:45 GMT.
- Australia: AiG manufacturing index will be released at 22:30 GMT.
