Asian Stock Market: Caution stems ahead of US Retail Sales

Japanese traders return from the holiday and NIKKEI posts modest gains of 0.23%. Meanwhile, Hong Kong's Hang Seng is down 1.85%, Shanghai Composite Index loses 0.06% and KOSPI Index down 0.5%.

On the US-China headline, US Climate Envoy John Kerry informed China's top diplomat, Wang Yi, on Tuesday that"our hope is now that this could be the beginning of new cooperation to solve the differences between us." The market will keep an eye on the renewed tensions between the US-China that could weigh on the risk sentiment.

. Also, investors will focus on the US Retail Sales for June, which is expected to rise by 0.5% from 0.3% the previous month. This data might influence the USD dynamic and hint at a sooner end to the rate hike cycle. This, in turn, underpins riskier assets like Gold, equities, AUDUSD, etc.Information on these pages contains forward-looking statements that involve risks and uncertainties.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Downbeat China data, S&P500 Futures prod optimistsRisk appetite remains sour in the Asia-Pacific zone during early Monday as China data confirms a slowdown in the post-COVID recovery of the region’s b
Source: FXStreetNews - 🏆 14. / 72 Read more »

UBS just updated its 'highest conviction' stock list with picks to beat the marketThe bank says its U.S. and global picks are set to beat the MSCI All Countries World Index — and it has not shied away from taking contrarian positions.
Source: CNBC - 🏆 12. / 72 Read more »

'Rich Dad Poor Dad' Author Expects Stock Market to Collapse, Sees Depression Coming.theRealKiyosaki predicts a severe stockmarket crash is coming. USnationaldebt Bitcoin $BTC
Source: Utoday_en - 🏆 295. / 63 Read more »

State Street stock dips as KBW downgrades financial firm to market perform on rockier outlookState Street Corp. stock was down 2% in premarket trade on Monday as KBW downgraded the trust bank to market perform from outperform and cut its price target...
Source: MarketWatch - 🏆 3. / 97 Read more »

'Rich Dad Poor Dad' author warns of stock market crash, economic ruin'Rich Dad Poor Dad' author warns of a massive crash in stocks - and fears the US economy will crater
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Traders eye big week of earningsUS stocks trade mixed as China's GDP growth disappoints and investors brace for big week of earnings
Source: BusinessInsider - 🏆 729. / 51 Read more »