"Israel's 'pre-emptive' strike on Iran has sent volatility surging during Asian trade on Friday. Traders are now on edge over the prospects of a full-blown Middle East conflict, given Iran had already warned it would target Israel’s nuclear facilities if attacked first.

Iran and Israel continued trading missiles and airstrikes on June 14, a day after Israel launched a sweeping air offensive against its old enemy.

Keep an eye out for signs of labor-market weakness, as well as the risk that rising oil prices could put more upward pressure on inflation.