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What are the main events for today?

A limited trade deal between the US and India is reportedly ruled out before 1 August

Japan trade negotiator says continuing to seek common ground on tariff issues with the US

China’s swap curve steepens as deflation fears ease – stimulus helping

China’s smartphone shipments down by 2.4% in Q2 (Apple – 1.6%, Huawei +17.6%)

Japan’s finance minister rules out sales tax cuts despite election setback

Investinglive Asia-pacific FX news wrap: FX rangey, equities softer; RBA minutes cautious

Trump says on Iran rebuilding nukes, promises more attacks – “we will do it again”

New Zealand June 2025: Exports 6.63bn NZD (prior 7.5bn) Imports 6.49bn NZD (prior 6.42bn)

Iran said cannot abandon its nuclear enrichment program – ‘national pride’

Investinglive Americas FX news wrap 21 Jul: The USD moves lower to start the new week.

AstraZeneca will invest US$50bn in the US to expand manufacturing and research