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Indices from Asia-Pacific traded higher during the first session of a new week. Nikkei jumped 1.7%, S&P/ASX 200 traded 0.6% higher, Kospi added 1.3% and Nifty 50 gained 0.6%. Indices from China traded up to 1.8% higher
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DAX futures point to a higher opening of the European cash session today
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According to BoJ survey, Japanese companies still expect CPI to be above 2% target in 1, 3 and 5 years
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Australian trade minister said that ties between Australia and China have gradually warmed and he is hopeful more developments will be announced soon
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Australian Agriculture Minister said that a free trade deal with European Union is still a fair way off
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Chinese manufacturing PMI index dropped from 50.9 to 50.5 in June (exp. 50.2)
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India's manufacturing PMI index dropped from 58.7 to 57.8 in June (exp. 58.0)
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Japanese Tankan indices for Q2 2023 beat expectations - manufacturing index jumped from 1 to 5 (exp. 3) while services index moved from 20 to 23 (exp. 22)
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Japanese Chief Cabinet Secretary Matsuno said that he believes improvement in Tankan indices highlight gradual recovery of the Japanese economy
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Final Australian manufacturing PMI for June came in at 48.2, slightly lower than 48.6 signaled in a preliminary reading
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Final Japanese manufacturing PMI for June came in at 49.8 - in-line with flash release
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Australian building permits surged 20.6% MoM in May (exp. +2.0% MoM)
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New Zealand's building permits declined 2.2% MoM in May
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Cryptocurrencies are trading higher - Bitcoin adds 0.4%, Ethereum trades 1.4% higher and Dogecoin adds 0.3%
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Energy commodities trade mixed - oil trades flat while US natural gas prices drop 2.5%
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Precious metals trade mixed - gold and platinum trade flat while silver gains 0.4%
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NZD and AUD are the best performing major currencies while JPY and CAD lag the most
Nikkei (JAP225) managed to recover from a recent decline and is once again trading near the 33,750 pts resistance zone. Source: xStation5