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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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UK House Price Inflation Softens In June
UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
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European Economic News Preview: Eurozone Flash Inflation, Final PMI Due
Flash inflation and final factory Purchasing Managers' survey results from the euro area and unemployment from Germany are top economic news due on Tuesday. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 3.3 percent on a yearly basis, slower than the 3.5 percent increase in May.
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European Markets Seen Opening Positive On Tuesday
Stock markets in Europe are expected to open on a positive note on Tuesday amidst expectations of a de-escalation in global trade tensions.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains across most sectors led by gold miners and technology stocks. Iron ore miners were the only weak spot.
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Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Tuesday, following the broadly positive cues from Wall Street overnight, amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs early next month. Market sentiment also improved as the truce in the 12-day war between Israel and Iran continued to hold without violations from either side.
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Thai Stock Market May Extend Monday's Gains
The Thai stock market on Monday halted the two-day slide in which it had given up more than 25 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,090-point plateau and it's tipped to open in the green again on Tuesday.
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Indonesia Stock Market May Add To Its Winnings
The Indonesia stock market has moved higher in two straight sessions, collecting almost 100 points or 1.3 percent along the way. The Jakarta Composite Index now sits just above the 6,925-point plateau and it may open to the upside again on Tuesday.
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Japanese Market Significantly Lower
The Japanese stock market is trading significantly lower on Tuesday, snapping a five-session winning streak, despite the broadly positive cues from Wall Street overnight, with the Nikkei 225 falling below the 40,100 level, with weakness across most sectors led by index heavyweights and financial stocks.
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Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains in gold miners, energy and technology stocks partially offset by weakness in iron ore miners.
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Additional Support Anticipated For China Stock Market
The China stock market on Monday snapped the two-day slide in which it had fallen more than 30 points or 0.9 percent. The Shanghai Composite Index now sits just beneath the 3,445-point plateau and it may add to its winnings on Tuesday.
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Japan Manufacturing Sector Climbs To Expansion - Jibun
The manufacturing sector in Japan moved up into expansion territory in June, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 50.1.
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South Korea Manufacturing PMI Ticks Higher In June - S&P Global
The manufacturing sector in South Korea continued to contract in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 48.7.
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