Business

After last week's relatively quiet economic calendar and focus on Central Banks, when we finally heard from both Chair Yellen and Mario Draghi on Friday, attention this week turns back to data. In a relatively busy data week ahead - particularly for the US - focus will likely be on Friday's NFP, Q2 GDP revision on Wednesday, ISM manufacturing reports on Friday and inflation prints from the Eurozone.

Key events across the globe:

Buy Gold As Washington "Stumbles" Advise Blackrock

• European shares hit two-week low as euro surges (Reuters)
• Harvey Pounds Texas as Epic Flooding Paralyzes Houston (BBG)
• Gasoline soars and dollar dented as Tropical Storm Harvey rages (Reuters)
• Oil markets roiled as Harvey hits U.S. petroleum industry (Reuters)
• Harvey Shuts Two of the Largest U.S. Ports (BBG)
• Trump’s Pardon of Joe Arpaio Widens Republican Split (WSJ)
• Trump’s Immigration Crackdown Is Making New Homes More Expensive (BBG)
• Trump's firm sought Moscow real estate deal during presidential run (WaPo)

Vietnam is on the cusp of joining a growing list of countries that have explicitly legalized bitcoin and other cryptocurrencies, according to local media outlets cited by CoinTelegraph. Prime Minister Nguyen Xuan Phuc has authorized the formulation of a plan that could result in the legalization of digital currencies by next year, reportedly ordered the country’s central bank, ministry of finance and the ministry of public safety to study and draft the legal framework.

Just nine hours after Jeff Immelt tweeted that he was no longer in the race to be Uber's next CEO, moments ago Uber's board selected Expedia CEO Dara Khosrowshahi, 48, various news outlets report. According to Recode, the board selected the "third candidate", one who was not only an unknown until now, but one who as the photo below shows, is also not a woman despite his beguiling first name and the board's rumored prerogative to pick a female next leader.

Dara Khosrowshahi, current CEO of Expedia