Japan GDP Data Due On Monday

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(RTTNews) - Japan will on Monday release Q1 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to slip 0.2 percent on quarter and rise 0.5 percent on year after adding 0.6 percent on quarter and 2.2 percent on year in the three months prior.

Japan also will see April figures for current account and May results for bank lending and for the eco watchers survey. The current account showed a surplus of 3.678 trillion yen in March. Overall bank lending was up 2.4 percent on year in Aoril, while the eco watchers score was 42.6.

New Zealand will see Q1 data for manufacturing sales volume; in the previous three months, volume was up 1.1 percent on quarter.

Singapore will provide Q1 numbers for unemployment, with forecasts pinning the jobless rate at 2.1 percent - up from 1.9 percent in the previous quarter.

China will release May figures for consumer prices, imports, exports and trade balance. In April, overall inflation was up 0.1 percent on month and down 0.1 percent on year, while producer prices sank an annual 2.7 percent.

Imports are expected to slip 0.9 percent on year after easing 0.2 percent in April. Exports are called higher by an annual 5.0 percent, moderating from 8.1 percent in the previous month. The trade surplus is pegged at $101.30 billion, up from $96.18 billion a month earlier.

Thailand will see May numbers for consumer prices, with forecasts suggesting a decline of 0.83 percent on year after slipping 0.22 percent in April. Core CPI is seen steady at 0.98 percent.

Taiwan will provide May data for imports, exports and trade balance. In April, imports surged 33.00 percent on year and exports spiked an annual 29.9 percent for a trade surplus of $7.21 billion.

Finally, the markets in Australia (King's birthday) and Indonesia (Eid-al-Adha) are closed on Monday; both return to action on Tuesday.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

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Crude Oil Prices Fade As US-China Talks Progress

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Canadian Dollar Appreciates Amid Risk Appetite

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Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

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European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

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TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

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U.S. Stocks Mostly Subdued In Lackluster Trade

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Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

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EURUSD	1.1424	GBPUSD	1.34962	AUDUSD	0.65217
USDJPY	144.813	USDCAD	1.36668	USDCHF	0.82214

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Japan GDP Data Due On Monday