Daily Market Insight

• US PMI increases in June in both manufacturing and services • Record-high prices and rising mortgage rates depress US home sales • Euro-zone activity slows mainly on French political uncertainty • UK retail sales jump most since January as confidence grows • Dollar edges higher with US economic strength in focus

• US Initial Jobless Claims were little changes and remained around 10-month high • BOE leaves policy rate on hold, hinting at readiness for rate cut • Japan’s inflation rose, backing case for BOJ rate hike • Dollar extends gains against yen with US economic strength in focus

• UK inflation drops to 2% target for first time since 2021 • Japan’s Exports Grow Most Since 2022 on Boost from Weak Yen • Most Japan firms see no need to follow the U.S. with tariffs on China • Dollar struggles for direction, euro close to 1 month low

• U.S. retail sales rise at slower than expected pace in May • US manufacturing production surges in May • BOJ debated weak yen's impact on inflation, April minutes show • Dollar steadies; sterling dips ahead of inflation test

• New York Manufacturing Shrinks Less Than Forecast as Prices Cool • Fed’s Harker Says One Rate Cut in 2024 Is Appropriate Based on Outlook • China's factory output disappoints, property sector stuck in sluggishness • Dollar wobbles as markets await more Fed clues

• US consumer sentiment ebbs in June; inflation worries linger • China new home prices fall for 11th straight month in May • Japan core machinery orders down in April but seen firming up ahead • Dollar firm as euro wallows near recent lows; market braces for China data

• U.S. producer prices unexpectedly decrease month-on-month in May • Weekly initial jobless claims rise 242,000, more than expected • Thai consumer confidence at 7-month low on slow growth, political uncertainty • Dollar gains on hawkish Fed, even as inflation cools

• US inflation eases in May as key Fed decision looms • Japan May wholesale inflation jumps, complicates BOJ rate hike path • China CPI inflation disappoints in May, PPI shrinks at slower pace • Dollar slips on cooler US inflation; yen fragile ahead of BOJ

• NY Fed survey finds mixed views on future path of inflation in May • Rise in UK jobless rate muddies Sunak's message to voters • Japan May wholesale inflation accelerates more than expected • Dollar hits four-week high ahead of US inflation report

• Long-dated Treasury holdings downsized as Fed faces tough inflation choices • Euro zone investor morale rises more than expected in June • China's central bank to return to gold buying as prices ease, analysts say • Euro slumps on political uncertainty; dollar looks to Fed meeting