China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Global equity markets surged on Tuesday, with the S&P 500 and European shares closing at record highs amid strong U.S. earnings, trade tariff concerns, and increased European defense spending. The S&P 500 inched past its previous peak, while the Dow Jones rose 0.02% to 44,556.34, the S&P 500 gained 0.24% to 6,129.58, and the Nasdaq advanced 0.07% to 20,041.26.
European markets also rallied, with the STOXX 600 reaching an all-time high of 557.96, driven by banking and defense stocks. Investors reacted to potential economic stimulus following upcoming German elections and concerns over U.S. trade policies and inflation. Germany’s 10-year bond yield climbed to 2.51%, reflecting expectations of increased government spending.
China’s stock market benefited from optimism surrounding President Xi Jinping’s meeting with domestic business leaders. Meanwhile, European leaders committed to supporting Ukraine amid ongoing U.S.-Russia negotiations.
Inflation concerns remained high, with key U.S. measures exceeding the Fed’s target. Investors anticipate the release of the Fed’s January meeting minutes, following hawkish remarks from Fed Chair Jerome Powell. The U.S. 10-year Treasury yield rose to 4.554%.
The dollar strengthened against major currencies, gaining 0.35% against the yen and 0.28% against the Swiss franc. The dollar index climbed 0.28% to 107.02, while the euro fell to $1.0449.
In commodities, Brent crude oil increased 0.82% to $75.84 per barrel ahead of U.S.-Russia talks in Riyadh, while gold prices surged 1.23% to $2,933.37 an ounce.
Market analysts remain cautious about trade tariffs and persistent inflation, which could delay the Fed’s anticipated rate cuts.
