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US indices finished yesterday's trading higher - S&P 500 gained 0.45%, Dow Jones moved 0.80% higher and Russell 2000 gained over 1%. Nasdaq was a laggard and closed 0.02% lower
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Indices from Asia-Pacific traded higher today - S&P/ASX 200 gained 0.1%, Kospi moved 0.8% higher, Nifty 50 added 0.6% while indices from China traded 0.3-1.2% higher. Nikkei dropped 0.1%
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DAX futures point to a higher opening of the European cash session today
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Reuters reports that United States and the Netherlands prepare to further restrict chip manufacturing equipment sales to China
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Fed's Bostic said that it is not clear whether inflation will continue to fall in next 6 months
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Chinese financial media reports that new support measures for property market may include lower down payment requirements and easing of some purchase restrictions
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According to Reuters poll, consensus among economists is for Reserve Bank of Australia to deliver a 25 bp rate hike next week (July 4, 2023) and to follow with another 25 bp rate hike at August meeting
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Chinese manufacturing PMI ticked higher in June, from 48.8 to 49.0 (exp. 49.0), while services gauge dropped from 54.5 to 53.2 (exp. 53.7)
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Profits of Chinese state-owned companies increased 10.9% YoY in January-May period
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Japanese industrial production declined 1.6% MoM in May (exp. -1.1% MoM)
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Core CPI inflation in Japanese Tokyo area remained unchanged at 3.2% YoY in June (exp. 3.3% YoY)
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Japanese housing starts were 3.5% YoY higher in May (exp. -2.2% YoY)
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Australian private sector credit increased 0.4% MoM in May, in-line with market expectations
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Cryptocurrencies are trading higher - Bitcoin gains 1.3%, Ehtereum adds 2% and Dogecoin jumps 3%. BitcoinCash surges 20%
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Energy commodities are trading higher - oil gains 0.2% while US natural gas prices climb 0.6%
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Precious metals gain. Silver trades 0.3% higher, platinum gains 1% and gold trades flat
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AUD and NZD are the best performing major currencies while USD and CAD lag the most
AUDUSD halted recent declines at 0.6600 support zone and is now trying to launch a recovery move amid USD weakening. Source: xStation5
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