July 8, 2026 Economic Data Recap Key releases today delivered a mixed global picture: United States MBA 30-Year Mortgage Rate: 6.58% (slight rise) EIA Crude Oil Stocks: +2.998M (vs consensus -2.4M) → bigger-than-expected build EIA Gasoline Stocks: -1.904M (draw) FOMC Minutes released at 11 AM — markets parsing for clues on rate path China CPI YoY (Jun): +1.2% (below 1.3% consensus) CPI MoM: -0.1% PPI YoY: +3.9% (above expectations) Europe Germany Trade Balance (May): €14.5B (below €16B forecast) Germany Exports MoM: +0.9% UK RICS House Price Balance: -33% (weaker than expected) Bottom Line: Softer Chinese inflation readings add to growth concerns, while the surprise U.S. oil inventory build could pressure energy prices. FOMC Minutes were the highlight — any dovish hints could support rate-cut expectations. Overall, data leans slightly cautious for risk assets. How do you see these numbers impacting markets tomorrow? #EconomicCalendar #FOMC #ChinaData #Oil #Inflation