U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
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 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
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 
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.
