Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
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.
