Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
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 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Lots of economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- Australia – HIA new home sales declined -4.4 percent in May.
Upcoming:
- Germany: GFK consumer confidence survey will be published at 6:00 GMT. Prior index value 9.8. HICP inflation for June will be released at 12:00 GMT.
- Switzerland – UBS consumption indicator for May will be released at 6:00 GMT. Prior 1.47.
- Spain – Flash HICP will be released at 7:00 GMT.
- Portugal – Business and consumer confidence will be announced today.
- Euro zone – Euro zone consumer confidence, services sentiment, economic sentiment, business climate and industrial confidence will be released at 9:00 GMT.
- United Kingdom: Nationwide housing prices report will be released at 6:00 GMT. Lending to individuals, consumer credit, mortgage approvals and money supply statistics will be announced at 8:30 GMT. GFK consumer confidence will be announced at 23:00 GMT.
- United States: Personal income and spending report will be announced at 12:30 GMT. Pending home sales report for may will be published at 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed is likely to release stress test results, done on banks.
- New Zealand – Building permits for May will be released at 22:45 GMT.
- Japan: Industrial production report for May will be released at 23:50 GMT.
- Auction: United States will auction 5 year and 7 year note at 17:00 GMT.
