- Stocks in the Asia-Pacific region rose today following a strong impulse from Wall Street. However, the scale of the gains was not excessive. The Nikkei is currently up 0.32%, the Hang Seng 0.81%, and the S&P/ASX 200 close to 0.15%.
- Just before the opening of the cash session in Europe, stock index futures are up slightly, gold and silver are up about 0.15%, NATGAS is up 4% (contract rollover), and crude oil is up 0.22%.
- During trading hours in the Asia-Pacific region, there was relatively little geopolitical news, with no hostile incidents reported between Israel and Iran.
- Fed Chairman Jerome Powell said on the first day of congressional hearings that Fed bankers expect tariffs to have a significant impact on inflation in June, July, and August. He added that if this impact does not occur by then, it could lead to an earlier interest rate cut.
- Australia's CPI (May 2025) was 2.1% y/y (against expectations of 2.3%).
- According to the Bank of Japan's June meeting, the bank is currently “divided” on the outlook for interest rates amid concerns about tariffs and rising inflation.
- Japan's PPI index for services +3.3% y/y (forecast +3.1%, previously +3.1%) – higher than expected.
- We are not currently seeing excessive volatility in the FX market, with the exception of the New Zealand dollar, which is gaining value dynamically this morning. Slightly larger declines are visible in the Japanese yen and the Canadian dollar.
- The macro calendar for today's session is relatively empty. Investors will pay attention to GDP data from Spain, the CNB's decision on interest rates, and Powell's comments during the second day of hearings. For the oil market, the most important data may be the change in US oil inventories.
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
