Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
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Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support 
Not many economic dockets scheduled for today. Risk associated is moderate.
Data released so far -
- Japan - Bank of Japan (BOJ) kept policy on hold.
Upcoming -
- Japan - Japan will release data on all industry activity, leading index and coincident index around 4:30 to 5:00 GMT.
- Germany - Producer price index would be released at 6:00 GMT.
- Euro zone - Euro zone would release current account balance at 8:00 GMT
- UK - Public sector net borrowing data for May would be released at 8:30 GMT.
- Canada - Consumer price index to be released at 12:30 GMT. Median expectation is core consumer price index growth to decline to 2.1% from 2.4% prior on yearly basis.
- US - No economic dockets scheduled for today. FOMC member Mester is going to speak at 16:00 GMT. Vital to watch since its First speech post FOMC.
