U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Lots of economic dockets scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Australia: Trade balance for May came at $2.2 billion deficit. Exports rose 1 percent and imports 2 percent. Retail sales grew 0.2 percent in May. RBA kept interest rates steady.
- New Zealand: ANZ commodity prices rose 3.7 percent in June.
- China: Caixin services PMI improved to 52.7 in June from 51.2 in May.
Upcoming:
- Spain: Markit services PMI for June will be released at 7:15 GMT. Prior 55.4
- Italy: Markit services PMI for June will be released at 7:45 GMT. Prior 49.8
- France: Markit services PMI for June will be released at 7:50 GMT. Prior 49.4
- Germany: Markit services PMI for June will be released at 7:55 GMT. Prior 53.2
- Eurozone: Markit services PMI for June will be released at 8:00 GMT. Prior 52.4, retail sales report for May will be published at 9:00 GMT.
- United Kingdom: Markit services PMI for June will be released at 8:30 GMT. Prior 53.5 Bank of England will release financial stability report followed by governor Carney’s speech. BRC shop price report will be released at 23:00 GMT.
- United States: ISM New York index will be published at 13:45 GMT, followed by Factory orders at 14:00 GMT, along with TIPP economic optimism. NY Fed President Dudley is scheduled to give a speech at 18:30 GMT.
- New Zealand: Dairy auction is scheduled today.
- Auctions: US will auction 3 and 6-month bills at 18:30 GMT.
