Quite a number of economic events lined up today but all with low to medium volatility risks associated.
Upcoming:
- Germany: Factory orders for May will be announced at 6:00 GMT.
- Spain: Industrial output for May will be announced at 7:00 GMT.
- United States: MBA mortgage applications will be announced at 11:00 GMT, followed by Trade balance for May. Fed’s Tarullo will be speaking at 13:00 GMT. Markit services PMI will be announced at 13:45 GMT, followed by ISM-non manufacturing PMI at 14:00 GMT. FOMC will release minutes of June meeting at 18:00 GMT.
- Canada: Trade balance for May will be announced at 12:30 GMT.
- Australia: AiG performance of construction index will be published at 23:30 GMT.
- Auctions: US will auction 1 month bills at 18:30 GMT.


Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 



