Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
In terms of data, this week is relatively less risk heavy but post-Brexit fallouts can always compensate for that.
What to watch for over the coming days:
- US earnings season -
Once again the earnings will keep dominating the movement in S&P500 and will act as a key ingredient in the market in defining the risks. More than 90 companies listed on the S&P 500 are scheduled to report results this week, which include some of the big names like Bank of America, Morgan Stanley and Goldman Sachs, Yahoo, Netflix, Microsoft, Halliburton, Intel, Qualcomm, Schlumberger, Chipotle, and Starbucks.
- US Presidential Election -
Much anticipated Republican Party’s convention is beginning this week, on Monday. Political analysts are likely to keep a close eye on this three-day event to see whether Republican presumptive nominee Donald Trump secures the united party backing or not.
- ECB monetary policy –
European Central Bank (ECB) monetary policy decision is the most important scheduled event as it will be the central bank’s first policy meeting since the UK referendum vote. While Bank of England (BoE) has cleared its intention of easing probably in June, ECB hasn’t signaled much other than the saying that the referendum likely to weigh over growth in the Eurozone.
