Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Holiday Economic Questions: What Bank of America Says You Should Expect 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
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.
