Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Economic data from around the globe was released today, nearly all pointing in a negative direction. Headline U.S. retail sales inched up a slight 0.1 percent while retail sales excluding autos dropped 0.3 percent and PPI an indicator of inflation fell 0.5 percent. These numbers suggest that consumers, the key driving force behind any economy, could be slowing down.
"Outside the U.S. the data is equally unimpressive; U.K. inflation dipped into negative levels, Eurozone industrial output decreased, and China's CPI failed to meet expectations. Poor numbers from such a wide array like this indicate that the commodities slowdown is winding through the global economy", says Voya Global.
