Daily Market Insight

• Hormuz shipping recovers, security risks persist • Eurozone composite PMI returns to expansion • Japan wage growth tops 5% for third straight year • China private services PMI beats forecast despite slight easing • Dollar posts weekly loss after weak payrolls

• Oil trades sideways as markets await further US-Iran talks • US NFP miss expectations, signalling gradual labour market cooling • Lagarde defends ECB’s June rate hike • Canada, Philippines agree to sign trade deal this year • Dollar falls broadly as payrolls miss expectations

• Oil eases amid cautious wait for US-Iran talks • Mixed US economic data keep labor market in focus • Eurozone inflation continues to ease as Germany, France surprise to the downside • China PMI improves, but recovery remains uneven • Thailand manufacturing softens amid weak auto production • Dollar trades mixed ahead of key US payrolls report

• US-Iran deliver conflicting messages on Doha talks • The US Supreme Court rejects Trump's effort to fire Lisa Cook • Spanish inflation unexpectedly holds well above ECB target • South Korea unveils KRW 800tn AI and semiconductor investment plan • Thailand unveils expansionary FY2027 budget • Dollar eases as risk-on mood outweighs inflation concerns

• Geopolitical developments remain in focus • Trump threatens 100% tariffs over digital services taxes • US eases restrictions on Anthropic’s AI model for trusted users • China industrial profit growth slows in May • Dollar retreats on Friday, still notches weekly gain

• Oil rebounds as middle east risks remain elevated • US data reinforces resilient growth, sticky inflation • Tokyo inflation picks up as energy costs feed through • Thailand’s export growth remains robust despite wider trade deficit • Dollar slips after softer PCE, though inflation remains sticky

• Oil prices slip as Hormuz flows improve despite persistent geopolitical risks • Micron surges as AI demand drives stronger-than-expected outlook • Japan unveils ¥370tn investment plan to boost AI, chips and strategic industries • BoT keeps rate at 1.00% as growth improves, remains cautious on inflation risks • Dollar advances as safe-haven demand offsets lower yields

• US data paints mixed picture as PMIs strengthen while regional surveys soften • US senate votes to halt Iran war • Eurozone PMI contraction eases in June • BOJ signals further rate hikes as members push toward neutral policy rate • MSCI delays Indonesia market status review to November • Dollar firms amid broad risk-off moves

• Iran-US talks advance, easing energy market concerns • Japan PMI strengthens as manufacturing drives growth, but cost pressures rise • Starmer quits and sets out plan for new UK PM by September • China keeps loan prime rate unchanged for 13th straight month in June • Dollar gains across G10 as quiet US calendar shifts focus to PCE

• US–Iran talks remain uncertain, renewing ceasefire and market risks • US weighs $80bn supplemental spending plan • UK retail sales rose 1.2% in May, beating forecasts • Starmer on the brink with resignation plan expected • Dollar remains firm, supported by Fed hawkishness and residual geopolitical risks