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Market Review

US:

U.S stocks rose Friday, ending a week heavy on tariff updates but light on market turbulence.

Asia:

Asia-Pacific markets were trading subdued Monday as investors awaited official announcement on whether the Aug. 12 deadline for U.S.–China tariff truce would be extended.

India:

Indian benchmark indices ended lower on Friday, logging their sixth consecutive weekly loss, marking the longest losing streak since the Covid-19 crash of April 2020. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

Hiring intentions by British businesses fell to their weakest since the COVID-19 pandemic and recruiters said starting pay was rising at the slowest pace in over four years, which add to signs of a weakening jobs market. With the Bank of England watching the jobs market closely, the Chartered Institute of Personnel and Development said only 57% of private sector employers planned to recruit staff over the next three months, the lowest since the start of 2021 though only slightly down from 58% in the last quarterly survey

China’s consumer price index was largely unchanged in July, while producer prices fell more than expected amid sluggish domestic demand and persistent tariff risks. CPI was flat yearon-year in June. The print compared with expectations for a 0.1% after a 0.1% rise seen in the prior month. CPI rose 0.4% month-on-month, above expectations of a 0.3%. The subdued headline number underscores persistent demand weakness in the broader economy. According to the National Bureau of Statistics, the combination of lower food costs and a high comparison base from the previous year contributed to the unchanged headline inflation.

Commodities:

Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.

Gold prices slipped on Monday as the dollar strengthened and some investors locked in profits after a recent rally, with markets now focused on upcoming U.S. inflation data that could offer insight into Federal Reserve's interest rate outlook.

Currency:

The U.S. dollar stabilised on Monday after last week's losses, as markets await Tuesday's key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs.

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