Strait of Hormuz Disruption Sparks Global Oil Supply Fears 
U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
Not many economic dockets scheduled for today, focus on NFP report.
Data released so far
- Japan - Labor cash earnings rose by 0.6% y/y in July.
- France - Consumer confidence for August came at 93, same as prior.
- Switzerland - Consumer price index dropped by -0.2% in August from July, down -1.4% from a year ago.
- Germany - Factory orders dropped by -1.4% y/y in July.
Upcoming
- Global - Today is the first day of G20 leaders' summit.
- India - Reserve Bank of India will declare FX reserve details at 11:30 GMT.
- US - NFP report to be declared at 12:30 GMT. FED's Jeffery Lacker is scheduled to speak at 12:10 GMT.
- Canada - Unemployment report to be released at 12:30 GMT, followed by IVEY PMI at 14:00 GMT.
