South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Trump, Canada Reach Gordie Howe Bridge Deal Ahead of July 27 Opening 
Oil Prices Jump as U.S.-Iran Conflict and Strait of Hormuz Tensions Shake Global Markets 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings down 0.3 percent y/y in July.
- Australia: GDP grew by 0.8 percent q/q, up 1.8 percent from a year ago.
Upcoming:
- Germany: Factory orders report for July will be published at 6:00 GMT.
- Italy: Retail sales report for July will be published at 8:00 GMT.
- United States: Mortgage report will be published at 11:00 GMT, followed by July trade balance at 12:30 GMT. ISM non-manufacturing report will be published at 14:00 GMT, along with TIPP economic optimism report. Fed will release the beige book at 18:00 GMT.
- Canada: Trade balance report for July will be released at 12:30 GMT, along with Labor productivity report. BoC will announce interest rate decision at 14:00 GMT.
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