Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian stock markets traded mixed on Thursday as investors braced for the upcoming U.S. tariff deadline on July 9 and digested key economic data from China and Australia. Market sentiment was cautious ahead of the U.S. jobs report, which could influence the Federal Reserve’s interest rate path.
U.S. stock indexes closed higher on Wednesday, with the S&P 500 and Nasdaq reaching new record highs. However, Wall Street futures were mostly flat during Asian hours. President Donald Trump confirmed a trade deal with Vietnam, marking the third agreement ahead of the looming deadline, after similar deals with the UK and China. Trump reiterated that the July 9 deadline would not be extended, warning that nations without deals will face formal tariff notifications. However, uncertainty remains as he also threatened steep tariffs of 30–35% on Japanese imports earlier this week.
Asian markets showed a cautious tone. Japan’s Nikkei 225 and TOPIX both slipped 0.2%, while Hong Kong’s Hang Seng led regional losses, falling 1.2%. In contrast, South Korea’s KOSPI rose 0.6%, and the Philippines’ PSEi jumped 1%. Singapore’s Straits Times Index remained flat, while India’s Nifty 50 futures edged up 0.1%.
Economic data added to market jitters. Australia’s trade surplus narrowed sharply in May to its lowest since November 2019, driven by weaker exports and recovering imports. The S&P/ASX 200 dropped 0.6%. In China, services sector growth slowed to a nine-month low in June, signaling softer domestic demand. The Shanghai Composite dipped 0.1%, while the CSI 300 ticked up 0.2%.
Investors continue to monitor global trade developments and economic indicators for further clues on market direction.
