Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. stock futures remained mostly flat Monday night after the S&P 500 and Nasdaq ended the second quarter at record highs, supported by easing trade tensions and rising expectations of Federal Reserve rate cuts. The S&P 500 Futures dipped 0.1% to 6,250.0, Nasdaq 100 Futures held at 22,886.75, and Dow Jones Futures were stable at 44,379.0 by 20:03 ET.
Wall Street closed Q2 with strong gains, fueled by renewed hopes for a U.S.–China trade agreement ahead of President Donald Trump’s July 9 deadline. The S&P 500 and Nasdaq each gained 0.5% Monday, while the Dow rose 0.6%. Optimism further improved after Canada withdrew its digital services tax on tech firms, clearing the way for revived trade talks with the U.S. President Trump and Canadian Prime Minister Mark Carney are expected to meet to finalize a trade deal by July 21.
Investor sentiment was also lifted by soft U.S. inflation data, reinforcing expectations that the Federal Reserve may cut interest rates. Markets are now pricing in a 90% chance of a rate cut in September, with a smaller possibility in July.
Meanwhile, attention has turned to the U.S. Senate as Republicans push to pass Trump’s sweeping tax and spending bill before the July 4 holiday. The bill, dubbed “One Big Beautiful Bill,” narrowly passed a procedural vote on Saturday and includes major tax cuts, spending changes, and border security funding. However, a new CBO estimate warns it could add $3.3 trillion to the federal deficit over the next decade. The Senate version also proposes a $5 trillion debt ceiling hike, $1 trillion more than the House plan, raising concerns over potential default risks if no agreement is reached.
