U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Lots of economic dockets scheduled for today but all with low to medium volatility risks associated.
Data released so far:
- Australia: Trade balance for May came at $2.2 billion deficit. Exports rose 1 percent and imports 2 percent. Retail sales grew 0.2 percent in May. RBA kept interest rates steady.
- New Zealand: ANZ commodity prices rose 3.7 percent in June.
- China: Caixin services PMI improved to 52.7 in June from 51.2 in May.
Upcoming:
- Spain: Markit services PMI for June will be released at 7:15 GMT. Prior 55.4
- Italy: Markit services PMI for June will be released at 7:45 GMT. Prior 49.8
- France: Markit services PMI for June will be released at 7:50 GMT. Prior 49.4
- Germany: Markit services PMI for June will be released at 7:55 GMT. Prior 53.2
- Eurozone: Markit services PMI for June will be released at 8:00 GMT. Prior 52.4, retail sales report for May will be published at 9:00 GMT.
- United Kingdom: Markit services PMI for June will be released at 8:30 GMT. Prior 53.5 Bank of England will release financial stability report followed by governor Carney’s speech. BRC shop price report will be released at 23:00 GMT.
- United States: ISM New York index will be published at 13:45 GMT, followed by Factory orders at 14:00 GMT, along with TIPP economic optimism. NY Fed President Dudley is scheduled to give a speech at 18:30 GMT.
- New Zealand: Dairy auction is scheduled today.
- Auctions: US will auction 3 and 6-month bills at 18:30 GMT.
