Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
U.S. stocks are nearing record highs following a sharp rebound from April’s slump, with the S&P 500 closing above 6,000 for the first time since February. Investor focus now shifts to May’s Consumer Price Index (CPI) report, which could be a key driver for market direction ahead of the Federal Reserve’s June 17–18 policy meeting.
Markets rallied last week on the back of a strong U.S. jobs report, easing fears of an economic slowdown. However, uncertainty remains high, with investors seeking clarity on trade policies and inflation trends. President Trump has dialed back some of the harsher tariffs announced on April 2, but concerns linger over the broader economic impact of the remaining levies.
The CPI release on Wednesday is expected to reveal whether tariffs are driving consumer prices higher. Any sign of reaccelerating inflation could pressure consumer spending and weigh on economic growth. Analysts note that a cooler-than-expected CPI reading could lift stocks toward new highs, while persistent inflation may trigger caution.
The S&P 500 is up 2% year-to-date and has surged more than 20% since bottoming out in early April. Yet, looming fiscal uncertainty adds to market jitters. A sweeping tax-cut and spending bill under Senate review has sparked concerns over rising debt levels, with Man Group’s Kristina Hooper warning that increasing deficits could hinder growth.
Adding to volatility, a public rift between Trump and Tesla CEO Elon Musk over the bill has unsettled markets. Meanwhile, U.S.-China trade negotiations are set to resume Monday in London as a 90-day tariff pause nears its July 8 expiration.
As Wall Street eyes inflation data, fiscal policy, and trade talks, investors are navigating a complex landscape of opportunity and risk.
