Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
European stocks opened higher Monday as investor sentiment improved on hopes for new trade deals ahead of the July 9 tariff deadline set by U.S. President Donald Trump. Germany’s DAX climbed 0.5%, France’s CAC 40 rose 0.2%, and the U.K.’s FTSE 100 gained 0.1% by 07:05 GMT.
The upbeat tone followed gains in Asia-Pacific markets after the U.S. finalized a trade agreement with China. Additional optimism came from Canada’s decision to repeal its Digital Services Tax, easing tensions with the U.S. and paving the way for resumed trade and security talks. Finance Minister François-Philippe Champagne confirmed legislation will be introduced to formally withdraw the tax, which had targeted global tech giants.
In Europe, Bloomberg reported that European Commission President Ursula von der Leyen expressed confidence in reaching a deal with Washington before tariffs take effect. Without an agreement, the U.S. plans to impose 50% duties on nearly all EU imports, with the EU ready to retaliate.
Economic data reinforced the need to avoid a trade conflict. Germany's retail sales fell 1.6% in May, underscoring weak consumer spending in Europe’s largest economy. Meanwhile, China’s factory activity contracted at a slower rate in June, though demand remains soft amid ongoing U.S. tariffs. Japan also reported weaker-than-expected factory output, largely due to declining auto exports.
Investors are also watching upcoming German and Italian inflation data, following a drop in eurozone inflation to 1.9% in May. Despite a rate cut in June, ECB President Christine Lagarde hinted that further easing may be limited.
On the corporate front, Polar Capital reported a 27% jump in annual operating profit, supported by a 17% rise in assets under management. Crude oil prices dipped slightly ahead of the July 6 OPEC+ meeting, where another output hike is expected.
