Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Strait of Hormuz Disruption Sparks Global Oil Supply Fears 
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Not many economic dockets scheduled for today, however risk associated is low.
Data released so far -
- Australia - Retail sales grew 0.3% m/m in May.
- Japan - Services PMI grew to 51.8 in June, from 51.5 in May.
- China - HSBC services PMI dropped to 51.8 in June from 53.5 prior.
- Spain - PMI slowed to 56.1 compared to 58.4 prior.
Upcoming -
- Italy - Services PMI scheduled at 7:45 GMT. Expected 52.5 today.
- France - Services PMI is scheduled for release at 7:50 GMT.
- Germany - Services PMI scheduled at 7:55 GMT. Expected 54.2 today.
- Euro zone - Services PMI scheduled at 8:00 GMT. Expected 54.4 today. Euro zone retail sales to be released at 9:00 GMT. Expected to grow at 2.3% from a year ago.
- India - Reserve bank India (RBI) is expected to declare changes in FX reserve.
