- Wall Street indices began to slide after a mixed opening of the cash session yesterday. S&P 500 dropped 0.25%, Nasdaq moved 0.81% lower and small-cap Russell declined almost 0.4%. Dow Jones was an outperformer with a 0.77% gain
- Indices from Asia-Pacific traded mostly lower today - Nikkei traded flat, Kospi dropped 0.8%, Nifty 50 declined 0.2% and S&P/ASX 200 added 0.2%. Indices from China traded 0.3-1.7% lower
- European index futures point to a more or less flat opening of the European cash session today
- Fed Barkin said he wants to see clearer signs of inflation falling before deciding on a rate cut
- Japanese core CPI inflation (excluding fresh food) accelerated from 2.2% to 2.5% YoY in May (exp. 2.6% YoY), while headline CPI inflation accelerated from 2.5% to 2.8% YoY (exp. 2.9% YoY)
- However, the so called Japanese core-core CPI (excluding food and energy) decelerated from 2.4% to 2.1% YoY, reaching the lowest level since September 2022
- North Korean soldiers crossed the Military Demarcation Line and moved into South Korean territory for the third time this month. However, the incident was once again ruled to be accidental by the South Korean authorities
- Canadian government is preparing potential tariffs on Chinese electric vehicles, mimicking moves of US and EU
- Japanese manufacturing PMI index ticked lower from 50.4 to 50.1 in June (exp. 50.6)
- Australian manufacturing PMI index dropped from 49.7 to 47.5 in June, while services index dropped from 52.5 to 51.0
- Major cryptocurrencies traded slightly lower today - Bitcoin drops 0.6%, Ethereum declines 0.2%, while Dogecoin trades flat
- Energy commodities trade little changed - oil trades flat, while US natural gas prices climb 0.1%
- Precious metals trade mostly higher - gold gains 0.2%, platinum adds 0.3% and palladium jumps 1.1%. Silver is a laggard with 0.3% drop
- EUR and AUD are the best performing major currencies, while JPY and USD lag the most
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