- Beginning of a new week on the markets is calm, with very light newsflow during the Asia-Pacific session
- Indices from Asia-Pacific launched new week's trading lower. S&P/ASX 200 drops 0.7%, Kospi trades 0.9% lower and Nifty 50 dips 0.1%. Nikkei gains 0.7%
- Indices from China traded 0.4-1.0% lower, with Hang Seng dropping 0.9% at press time
- US and European index futures trade slightly below Friday's cash closing levels
- According to BoJ Summary of Opinions from June meeting, one BoJ member said that it is appropriate to keep easy policy due to a lack of strength in consumption and some disruptions to auto shipments
- People's Bank of China injected 50 billion yuan via 7-day reverse report operation
- South Korea, Japan and the United States condemned deepening military cooperation between Russia and North Korea
- According to Reuters report, US prosecutors recommended criminal charges against Boeing after it was found the company breached 2021 agreement
- New Zealand trade surplus for May reached NZ$204 million (exp. NZ$155 million)
- Cryptocurrencies trade lower - Bitcoin drops 2.1%, Ethereum tradse 2.2% lower and Dogecoin slumps over 6%
- Energy commodities trade mixed - oil gains 0.1%, while US natural gas prices drop 0.7%
- Precious metals benefit from USD weakness - gold gains 0.2%, silver adds 0.3% while platinum trades 0.1% higher
- EUR and CHF are the best performing major currencies, while JPY and USD lag the most
Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains
Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key
Dollar sells-off following first US price drop in six years
Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?
