Deutsche Bank Research’s Early Morning Reid notes that European assets are sensitive to the renewed energy shock. Market pricing for ECB hikes by December rose sharply, implying a chance of three hikes this year after June’s move.

ING’s Chris Turner notes that higher Oil prices and Gulf tensions have driven a bigger reaction in rates than in FX, with Brent near $80 supporting Fed hawks. The US Dollar (USD) is expected to stay firm versus low-yielders, while carry trades in Emerging Markets (EM) have been unwound.

OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields.

Greece Consumer Price Index (YoY) declined to 4.4% in June from previous 5.2%

Greece Consumer Price Index - Harmonized (YoY) fell from previous 4.9% to 3.9% in June

TradingKey - 현지 시간 7월 8일, 연방준비제도(Fed·연준)는 지난 6월 16~17일에 열린 연방공개시장위원회(FOMC) 통화정책 회의 의사록을 공개했다.이번 의사록은 새로 임명된 케빈 워시 의장 체제 아래서 처음으로 공개된 것이다. 의사록에 따르면 연준 내부에서는 향후 금리 경로를 두고 깊은 이견이 대립하고 있는 것으로 나타났다. 모든 위원이

Japan's Chief Cabinet Secretary Minoru Kihara said during the European trading session on Thursday that the administration wants to secure market trust by stably lowering the government debt-to-GDP ratio.

Here is what you need to know on Thursday, July 9:

In a released statement from Qatar Prime Minister (PM) Sheikh Mohammed bin Abdulrahman Al Thani after a phone call with Iranian Foreign Minister (FM) Abbas Araghchi, AI Thani said that he discussed about latest military escalation in the Middle East between the United States (US) and Iran and condem

Deutsche Bank strategists report that United States (US) equities weakened under a stagflationary backdrop. The S&P 500 fell with broad-based losses, while the Philly semiconductor index outperformed strongly.

BNY Mellon’s Geoff Yu notes that reduced Bank of England (BoE) tightening expectations are not undermining the British Pound (GBP).

Germany Imports (MoM) came in at -2.5% below forecasts (0.1%) in May

Germany Trade Balance s.a. registered at €19.1B above expectations (€14.8B) in May

Germany Exports (MoM) above expectations (-0.3%) in May: Actual (0.9%)

The Bank of Japan (BoJ) latest quarterly report showed on Thursday that there's no change to the overall assessment for all 9 Japanese regions. Most regional economies are seen as "recovering moderately" still.

USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session.

The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday.

China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period.

China Consumer Price Index (MoM) below expectations (-0.2%) in June: Actual (-0.3%)

China Producer Price Index (YoY) meets expectations (4.1%) in June

China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June

Japan Money Supply M2+CD (YoY) declined to 2.2% in June from previous 2.5%

Japan Foreign Investment in Japan Stocks down to ¥-22.2B in July 3 from previous ¥-1B

United Kingdom RICS Housing Price Balance below forecasts (-30%) in June: Actual (-33%)

United Overseas Bank’s (UOB) Senior Technical Strategist Quek Ser Leang notes that USD/CNH has broken higher, with momentum improving after Monday’s move to 6.8051 and a close at 6.8038.

New Zealand Business NZ PMI rose from previous 49.9 to 59.7 in June

TD Securities’ Senior Asia Economist Alex Loo argues that China’s fiscal stance is turning austere as local governments prioritize debt clean-up over growth.

The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks.

Commerzbank’s Charlie Lay highlights that USD/THB edged higher as Thai inflation data support a steady policy stance. Lay links the move to expectations that the Bank of Thailand (BoT) will keep interest rates on hold at 1% through at least the next meeting.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights an extended broad rally in South Korean Won (KRW) as Korean equities underperform, reducing rebalancing outflows.