Global Markets:
- Asian Stock Markets : Nikkei up 0.80%, Shanghai Composite up 0.39%, Hang Seng down 0.38% ASX up 0.53%
- Commodities : Gold at $3299.35 (0.79%), Silver at $36.08 (-0.09%), Brent Oil at $66.8 (-0.09%), WTI Oil at $65.48 (0.03%)
- Rates : US 10-year yield at 4.283, UK 10-year yield at 4.500, Germany 10-year yield at 2.597
News & Data:
- (CAD) GDP m/m -0.1% to 0.0% expected
- (USD) Core PCE Price Index m/m 0.2% to 0.1% expected
Markets Update:
Asia-Pacific markets mostly advanced on Monday as investors digested fresh economic data and updates on trade negotiations. Key figures included industrial output data from Japan and South Korea for May, along with China’s purchasing managers’ index (PMI) readings for June.
China’s manufacturing sector contracted for a third straight month, reinforcing expectations that Beijing may introduce additional stimulus measures to offset the impact of persistent trade tensions with the United States. Mainland China’s CSI 300 index ended flat, while Hong Kong’s Hang Seng Index slipped 0.45%.
Japan’s Nikkei 225 extended its rally, climbing 1.48% to notch its highest level in more than 11 months. The broader Topix index gained 0.77%. In South Korea, the Kospi rose 0.82% and the Kosdaq added 0.31% in a volatile session. Australia’s S&P/ASX 200 rose 0.59%. India’s Nifty 50 and BSE Sensex were little changed in early trading.
Meanwhile, U.S. equity futures advanced during Asian trading hours as markets looked ahead to the second half of the year. On Wall Street, all major indexes closed higher Friday. The S&P 500 hit a four-month high, while the Nasdaq set a fresh record. The Dow climbed nearly 1%. Markets remain sensitive to the twists and turns of global trade talks, which continue to shape investor sentiment.
Upcoming Events:
- 01:45 PM GMT – USD Chicago PMI
- 05:30 PM GMT – EUR ECB President Lagarde Speaks
