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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.64%, Hang Seng Futures +0.36%, ASX SPI 200 +0.34%, S&P Futures (0.10%)

Jun 08 ,2025

  • Synopsis:

    • Asian markets set for positive start to Monday trade. Futures signaling opening gains in Japan and Hong Kong (Australia closed for public holiday). S&P 500 futures steady after US markets logged second straight weekly advance. Treasuries also capped off another week of higher yields. Dollar steady after recording mild weekly decline. Crude unchanged after having best week since November. Gold a touch lower. Bitcoin continuing to push up from one-month low.

    • US and China resume talks in London on Monday with export licenses a key topic of discussion. Press sources noted China agreed to some rare earths approvals following Trump-Xi call on Thursday and growing alarm among autos about magnet shortages disrupting production. In other developments, Bloomberg sources noted signs of progress in US-India negotiations though Japan said several issues remain after concluding fifth round of talks. Attention also being pushed ahead to G7 summit from 15-Jun with Trump to hold trade talks with leaders including Japan PM Ishiba.

    • US May CPI (Wed) headlines this week's calendar with core inflation forecast to have nudged higher. Across Asia, China CPI and PPI (Mon) expected to show deflation pressures persisted in May. China trade sector also seen under pressure with export growth slowing and import contraction widening. Final read of Japan Q1 GDP (Mon) expected to confirm contraction. Central bank activity quiet with no major policy decisions and Fed in its blackout period ahead. Treasury 30Y auction (Thurs) a focus amid recent attention on long-end yield backup.

  • Pre-open Company News:

    • 823.HK -- Link REIT clarifies media reports speculating spin-off of properties outside Mainland China and Hong Kong

    • 500180.IN -- HDFC Bank responds to media report regarding Lilavati Hospital accusing CEO of financial fraud, seeking suspension

    • 2197.HK -- Clover HK receives arbitration request filed by Gavi, claiming the repayment of the Advance Payment Amount

    • 2181.JP -- PERSOL Holdings resumed buy at Nomura

    • 3182.MK -- Genting downgraded to neutral from buy at UBS

    • 300682.CH -- Longshine Technology Group downgraded to equal-weight from overweight at Morgan Stanley

    • 6506.JP -- YASKAWA Electric downgraded to underperform from hold at Jefferies

    • 8830.JP -- Sumitomo Realty & Development holder Elliott Investment Management issues letter to shareholders ahead of AGM

    • 4612.JP -- Nippon Paint Holdings upgraded to buy from neutral at Goldman Sachs

    • 066970.KS -- L&F Co. downgraded to sell from neutral at Goldman Sachs

    • SAWAD.TB -- Srisawad Corp. Public downgraded to underperform from outperform at Macquarie

    • 010620.KS -- HD Hyundai Mipo downgraded to neutral from buy at Korea Investment & Securities

    • 6367.JP -- DAIKIN INDUSTRIES downgraded to B from B+ at Mito Securities

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: M2 NSA Y/Y; consensus +8.1%

        • 08:00 CST: Trade Balance NSA; consensus +$105B

        • 08:00 CST: Import Y/Y; consensus (1%)

        • 08:00 CST: Export Y/Y; consensus +6.5%

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: Loan Growth Y/Y; consensus

        • 09:30 CST: PPI NSA Y/Y; consensus (3%)

        • 09:30 CST: CPI NSA Y/Y; consensus (0.2%)

    • Japan:

      • Economic:

        • 08:50 JST: GDP SAAR Q/Q (Final); consensus (0.7%)

        • 08:50 JST: GDP SA Q/Q (Final); consensus (0.2%)

        • 08:50 JST: Bank Loans NSA Y/Y; consensus

        • 08:50 JST: GDP Y/Y (Final); consensus +1.7%

    • Taiwan:

      • Economic:

        • 16:00 TST: Export NSA Y/Y; consensus +30%

  • Market Data:

    • Gold (Aug 25): ($10.30) or (0.31%) to $3336.30

    • WTI Crude (Jul 25): +$0.06 or +0.09% to $64.64

    • $-¥: (0.00) or (0.00%) to 144.8440

    • $-KRW: (1.00) or (0.07%) to 1359.1800

    • A$-$: +0.00 or +0.09% to 0.6498

    • $-INR: +0.02 or +0.02% to 85.7887

    • $-CNY: (0.00) or (0.01%) to 7.1885

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This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
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