-
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
-
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%
-
DAX futures point to a higher opening of the European cash session today
-
Reuters reports that United States and the Netherlands prepare to further restrict chip manufacturing equipment sales to China
-
Fed's Bostic said that it is not clear whether inflation will continue to fall in next 6 months
-
Chinese financial media reports that new support measures for property market may include lower down payment requirements and easing of some purchase restrictions
-
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
-
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)
-
Profits of Chinese state-owned companies increased 10.9% YoY in January-May period
-
Japanese industrial production declined 1.6% MoM in May (exp. -1.1% MoM)
-
Core CPI inflation in Japanese Tokyo area remained unchanged at 3.2% YoY in June (exp. 3.3% YoY)
-
Japanese housing starts were 3.5% YoY higher in May (exp. -2.2% YoY)
-
Australian private sector credit increased 0.4% MoM in May, in-line with market expectations
-
Cryptocurrencies are trading higher - Bitcoin gains 1.3%, Ehtereum adds 2% and Dogecoin jumps 3%. BitcoinCash surges 20%
-
Energy commodities are trading higher - oil gains 0.2% while US natural gas prices climb 0.6%
-
Precious metals gain. Silver trades 0.3% higher, platinum gains 1% and gold trades flat
-
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
