- Today Markets news for Asian trading on Jun 2, 2025
- ICYMI – JP Morgan CEO Dimon said China not going to come bow down to the US on trade
- Recap – Japan Q1 capex jumps 6.4%, offering domestic support despite GDP dip
- BoJ confirms loss provision on bonds transactions was 100% for fiscal 2024
- Heads up for (b/s) ‘rumours’ doing the rounds of Powell to resign Monday
- Melbourne Institute Australian headline monthly inflation gauge biggest drop in 33 months
- Japan tariff negotiator Akazawa to visit US for tariff talks for 4 days from Thursday
- Morgan Stanley forecasts 9% dollar drop by mid-2026 on 175bp Fed cuts, and slower growth
- Chinese officials issue harsh words against the US on trade
- More from Fed’s Waller, says doesn’t see how tariffs would create persistent inflation
- Japan Jibun bank PMI manufacturing, final for May 2025 49.4 (prior 48.7)
- Goldman Sachs sees final OPEC+ hike in August, cuts 2026 Brent forecast to $56
- Fed’s Waller says rate cuts remain possible later in 2025
- Japan Capital Spending (Q1 2025) +6.4% y/y (vs. expected +3.8%, prior -0.2%)
- ICYMI: Bank of Japan has boosted its provisions for JGB losses, braced for higher rates
- Australian S&P Global Manufacturing PMI (Final, May 2025) 51.0 (Prev. 51.7)
- Bessent repeats that he thinks Xi will speak to Trump ‘very soon’
- Bloomberg report: Graham Aims for Tough New Russia Sanctions Ahead of G-7 Summit
- Past-Fed Vice Chair Stanley Fischer has died
- Weekend – OPEC+ hikes oil output supply for third straight month by 4,11,000 bpd
- NVIDIA is reportedly working on a new AI chip designed for sale in mainland China
- Reports of a targeted terror attack in Boulder, Colorado (US)
- ICYMI: Ukraine used to drones to attack around 40 Russian war planes at 4 military bases
- Chinese and New Zealand markets are closed today, Monday, June 2, 2025, for holidays
- The Bank of Japan has boosted its provisions for JGB losses – braced for higher rates
- Trade ideas thread – Monday, 2 June, insightful charts, technical analysis, ideas
- Monday open levels, indicative FX prices, 02 June 2025
- Hard Drug Allegations Against Musk and What Does Price Action Hints
- China May Manufacturing PMI rose to 49.5 (prior 49.0), Non-manufacturing 50.3 (prior 50.4)
- Forexlive Americas FX news wrap 30 May: PCE dips but may be the low for the cycle.
- Oil rises despite OPEC+ output hike
Oil prices opened higher on Monday, even after OPEC+ confirmed it would raise production by 411,000 barrels per day in July — matching increases from May and June. This marks the third consecutive monthly output hike as the cartel continues its push to regain market share and exert discipline on over-producing members.
