Daily Market Insight

• US hits Iran nuclear sites, escalating conflict • Waller signals potential Fed rate cut in July • Philadelphia Fed manufacturing index remains in negative zone • UK retail sales see biggest monthly fall since 2023 • China holds loan prime rate steady in June • US Dollar holds steady on Friday

• Trump may decide on Iran strike in two weeks • Central banks split on handling global risks • Japan core inflation hits 2-year high, fuels rate hike expectations • UK consumer confidence rises, extending a ‘fragile’ rebound • Dollar holds firm but eases from highs amid holiday

• Fed holds key rate steady, still sees two more cuts this year • Trump concludes meeting, Iran strategy still unknown • UK inflation holds at highest in over a year before BOE vote • Thai exports hit 3-year high amid tariff talks • Indonesia holds rate to protect rupiah amid risks • Dollar firmed after Fed Chair Powell’s press conference

• Trump assembles security team amid tensions with Iran • US retail sales fall again amid tariff worries • US industrial output falls again, marking second drop in three months • BoJ maintains rates, signals slower cutback in bond buying • Dollar strengthens as Middle East conflict intensifies

• Israel strikes to continue amid Iran diplomacy hints • The NY Fed manufacturing activity contracts while outlook improves • China home prices drop sharply amid pledge of support • China’s retail sales jump, industrial output falls short in May • Dollar slips as risk sentiment improves

• Middle East conflict worsens • US consumer sentiment rises amid easing inflation expectations • EU trade surplus with US grows in April despite tariffs • UK household inflation expectations fell before April CPI spike • Dollar strengthens as Middle East conflict intensifies

• Soft US PPI suggest tariff impact still limited • US weekly jobless claims steady at higher levels • Strong 30-year bond auction eases market jitters • UK economy shrunk 0.3% in April as tariffs and taxes bite • PM Ishiba: wide gap remains in Japan-US tariff talks • The dollar falls after a PPI report

• US CPI data came in below expectations • Trump announces China to supply rare earths in finalized trade deal • Trump signals unilateral tariffs coming in two weeks • US to cut embassy staff in Middle East amid rising tensions • The dollar falls after a dovish CPI report

• US and China officials agree on plan to reduce trade tensions • US Appeals Court says Trump tariffs can remain in effect • US small-business sentiment increases for first time this year • UK employment drops by 276,000 after Reeves introduces tax-raising budget • World Bank cuts global growth forecast on trade tensions • Dollar remains steady ahead of US CPI

• Trump flags China as ‘tough’ before talks resume • Inflation expectations drop across the board – NY Fed • Japan confirms GDP contraction, backing BOJ’s cautious stance • China trade with US slumps despite truce • Consumer deflation continues in China as demand stalls • Dollar eases ahead of US CPI, trade update