Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Lots of economic dockets scheduled for today and all with low to medium risks associated.
Data released so far:
- New Zealand: ANZ business confidence rose sharply to 20.2 in May from 11.3 in April. ANZ activity outlook improved to 35.1 percent. M3 money supply rose by 7.3 percent in May, down from 7.8 percent in April on yearly basis.
- Australia: Private sector credit up 6.5 percent in May on yearly basis, down from 6.7 percent.
Upcoming:
- Germany: Retail sales for May will be released at 6:00 GMT.
- France: Consumer spending report and CPI data will be released at 6:45 GMT.
- Switzerland: KOF leading indicator will be published at
- Spain: Current account balance for April will be released at 7:00 GMT, followed by unemployment change at 7:55 GMT.
- Italy: Italy will announce debt to GDP ratio for first quarter at 8:00 GMT. HICP inflation for June will be reported at 9:00 GMT.
- United Kingdom: First quarter GDP report will be published at 8:30 GMT.
- Greece: Retail sales for April and Consumer price index for May will be released at 9:00 GMT and producer price index at 10:00 GMT.
- Eurozone: ECB will release monetary policy minutes at 11:30 GMT.
- Canada: Raw material price and industrial price for May will be published at 12:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by Chicago PMI at 13:45 GMT. EIA will release natural gas inventory report at 14:30 GMT.
- Japan: Consumer price index report both national and Tokyo will be released at 23:30 GMT, along with household spending and unemployment rate. Tankan industrial report will be published at 23:50 GMT.
- Australia: AIG performance of manufacturing index will be announced at 23:30 GMT.
- Auction: United States will auction 5 year and 7 year note at 17:00 GMT.
