Things To Look Out For Today - Events & Data (Ldn Times)...

Asia:
22:00pm  - NZ RBNZ Rate Decision (1.75%)
00:50am  - Japan Housing Loans
00:50am  - Japan Core Machine Orders
02:30am  - China CPI & PPI
07:00am  - Japan Machine Tool Orders
09:00am  - Philippine Rate Decision
Europe:
00.01am  - UK RICS House Price Bal
09:00am  - ECB Publishes Eco Bulletin
US:
13:15pm  - Canadian Housing Starts
13:30pm  - US Initial Jobless Claims
13:30pm  - Canadian House Prx Index
13:30pm  - US PPI
15:00pm  - US Wholesale Inventories
18:00pm  - Fed's Evans Speaks
Market Focus this Morning...
- RBNZ pushes back forecast for a rate increase to Q3 2020 with rates to remain expansionary for a considerable period.
- Fed's Barkin said interest rates need to rise to ‘normal’ levels. Solid growth, low unemployment and inflation around a 2% annual rate “calls for” moving interest rates back to normal levels. Adds the true impact from tariffs still have not hit people.
- EU officials increasingly believe no-deal Brexit is likely, says former European affairs minister Creighton, adding it would be hard to see any deal emerge if talks drag into the new year.
- UK said to be seeking ways to keep the Irish border open in no deal, with the UK cabinet said to plan a no-deal Brexit meeting in September
- China’s commerce ministry has responded in kind to the Trump administration’s latest trade threats, announcing plans to hit $16bn worth of US goods with a 25 per cent tariff rate to start from August 23rd.
- US to impose Russia sanctions over chemical agent use in the UK and threatened to impose further sanctions.
- Saudi Arabia is selling Canadian assets as the kingdom escalates its response to Ottawa’s criticism of the arrest of a female activist.
- Musk Mulls taking Tesla private at an $82 billion valuation with board members evaluating the proposal.
- Italy's Deputy PM Di Maio vowed to repeat tough tactics in budget battle with EU.
- Italian Economy Minster Tria says he sees no flight from Italian bonds, and the position of Italy in the Euro is not being questioned
- BoE's McCafferty says BoE lacks the tools to target productivity.
- President Trump's lawyers have rejected terms for a Mueller interview
- Italian Prime Minister Giuseppe Conte said he has asked President Donald Trump for the intelligence findings behind the United States' decision to reimpose sanctions on Iran.