Fired Federal Reserve governor Lisa Cook launches a lawsuit against her dismissal by President Trump which is now set to go all the way to the Supreme Court. France is on the brink of yet another parliamentary quagmire after French Prime Minister Francois Bayrou decides to put his budget cuts toa vote of no-confidence. Opposition lawmakers are vowing to oust Bayrou over the measures. Equities and sovereign debt sell off as a result. And in tariff news, Washington applies an additional 25 per cent levy on India as a result of purchases of discounted Russian oil. Option markets wait on Nvidia earnings, anticipating what could be a 6 per cent share move in either direction as Q2 earnings come to a close.  

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