Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
The US ISM non-manufacturing index is likely to have recovered in June, following a decline in May. According to a Societe Generale research report, the ISM non-manufacturing index might have risen to 54.4 in June after dropping to 52.9 in May.
Regional service sector surveys have proved mixed signals for June. For instance, revenue in the Richmond Fed’s services survey dropped to zero in June from 11 in May. However, employers continue to hire workers as that index continued to stay at 18.
Hiring in retail, surprisingly, rose sharply to 31 in June after dropping from 26 in March to -1 in April and -3 in May. June’s figure is the highest since records started in 1993, noted Societe Generale. In the mean time, the Dallas Fed’s services revenue index rose to 15.6 in June from May’s 5.8, the highest reading in almost one year.
Further, with the real spending expected to surpass annualized 4 percent in the second quarter, services activity is likely to have risen given the solid rate of expenditures.
The employment index was lower than 50 at 49.7 in May. A rebound in this indicator might augur well for the upcoming employment report, added Societe Generale.
