Daily Market Insight

• Eurozone PPI Inflation Eases More Than Expected • Japan Composite PMI Confirmed at 7-Month Peak • South Korea Inflation Hits 24-Year High • Thailand Inflation Rate Highest in Near 14 Years • Dollar Firms Up on Fed Rate Hike Bets, Gold Muted

• China's June factory activity expands at fastest pace in 13 months • U.S. factory activity slows to two-year low as clouds gather over economy • Oil prices slip as recession fears rumble on, tight supply stems losses • Dollar Edges Higher, Lifted by Safe Haven Demand

• U.S. consumer spending, underlying inflation slow in May • China’s June factory activities expand as COVID-19 curbs ease • Japan business mood worsens on hit from China's lockdown, rising costs • Euro reverses fall, dollar drops ahead of euro zone price data

• Inflation saps U.S. consumer confidence; house prices remain elevated • Japan May retail sales rise faster than expected as COVID curbs ease • German consumer sentiment plunges to new record low • Dollar falters as U.S. yields retreat amid recession risks

• Inflation saps U.S. consumer confidence; house prices remain elevated • Japan May retail sales rise faster than expected as COVID curbs ease • German consumer sentiment plunges to new record low • Dollar falters as U.S. yields retreat amid recession risks

• US Pending Home Sales Unexpectedly Rise in May • US Durable Goods Orders Remain Robust • Malaysia Producer Prices Rise at Faster Pace • US stock futures slipped, Gold remained under pressure

• U.S. new home sales rebound in May; consumer sentiment at record low • German business sentiment clouds over but no sign of recession • U.K. Retail Sales Fall by 0.5% in May due to rising prices • U.S. dollar retreats as markets re-assess Fed rate path

• Powell warns US recession is ‘certainly a possibility’ • US Mortgage Applications Rise for 2nd Week • ECB is expected to raise deposit rate to 0.75% by year-end • Asia shares struggle, oil falls as recession fears linger

• Wall Street sees higher probability of U.S. recession next year • U.S. Existing Home Sales Slide for Fourth Straight Month • UK manufacturers' price expectations fall to 9-month low • Yen drops to fresh 24-year low vs U.S. dollar

• Yellen says gasoline tax holiday worth considering as anti-inflation tool • German Producer Inflation Hits Record for 6th Month • RBA Reaffirms More Hikes Ahead: June Minutes • Dow futures surge more than 400 points, 10-year Bund yield rose