Global Markets:
- Asian Stock Markets : Nikkei down 1.00%, Shanghai Composite up 0.01%, Hang Seng up 0.51%, ASX up 0.45%
- Commodities : Gold at $1934.05 (+0.24%), Silver at $23.172 (+0.27%), Brent Oil at $75.05 (-0.51%), WTI Oil at $70.19 (+0.58%)
- Rates : US 10-year yield at 3.858, UK 10-year yield at 4.483, Germany 10-year yield at 2.4430
News & Data:
- (USD) ISM Manufacturing PMI 46.0 vs 47.2 expected
- (USD) ISM Manufacturing Prices 41.8 vs 44.0
- (AUD) Cash Rate 4.10% vs 4.10%
Markets Update:
In Asian markets, investors closely evaluated the Reserve Bank of Australia’s decision to maintain its rates at 4.10%. The Australian S&P/ASX 200 initially experienced losses but managed to recover, closing with a 0.45% gain at 7,279. Meanwhile, the Australian dollar weakened by 0.3% against the U.S. dollar, settling at 0.665.
In Japan, the Nikkei 225 retreated from its recent 33-year high, declining by 1.00% to reach 33,422.53. The Topix index also experienced a smaller loss, ending the session at 2,306.37, down by 0.62%. Meanwhile, in South Korea, the Kospi dropped by 0.35%, closing at 2,593.31. This decline occurred as the country’s consumer price index grew at a slower rate of 2.7% in June, marking the fifth consecutive month of decline and bringing it closer to the central bank’s target range.
In the United States, all three major indexes made gains during the shortened trading session ahead of Independence Day. The Nasdaq Composite rose by 0.21%, the S&P 500 advanced by 0.12%, and the Dow Jones Industrial Average increased by 0.03%.
In the commodities market, the price of gold stood at $1934.05, showing a slight increase of 0.24%. Silver was valued at $23.172, with a rise of 0.27%. However, Brent oil witnessed a decrease, settling at $75.05 with a decline of 0.51%. On the other hand, WTI oil saw a positive trend, reaching $70.19, marking an increase of 0.58%.
Upcoming Events:
- 1:30 PM GMT – CAD Manufacturing PMI
