📆 Tuesday, June 10
► European markets mixed as FTSE hits record high & DAX retreats
European stocks traded with little conviction as investors remained cautious amid the ongoing US-China trade talks in London. The DAX slipped 0.5% and underperforms again, the CAC 40 was near flat (- 0.05%) similar to the Stoxx 600. However, the UK’s FTSE 100 (+0.55%) trades at a new all-time high, buoyed by easing trade tensions and improving economic sentiment. Yields across the region edged lower: Germany’s 10-year yield dropped to 2.53%, and UK’s fell sharply to 4.55%.
► US futures little changed as investors weigh trade optimism & institutional flows
US stock futures hovered near the flatline as market participants looked for progress from ongoing US-China trade talks. S&P 500, Nasdaq 100, and Dow futures are little changed after Monday’s muted session. Commerce Secretary Howard Lutnick signaled optimism, while strategists from HSBC and Citi expressed bullish views, citing improving flows into large caps. Yields on 10Y Treasuries dipped to 4.45%. Tech stocks remain in focus ahead of key inflation data this week.
► Asian equities diverge as China remains volatile and Taiwan surges
Asia saw mixed performance as traders digested the lack of trade progress. Japan’s Nikkei rose +0.32% to 38,211.51, while South Korea’s Kospi gained +0.56%. Taiwan outperformed with a +2.07% surge following strong TSMC revenue – yet another boost for the chip sector. China’s mainland indices pulled back after trading positively in early trading —Shanghai (-0.44%) and Shenzhen (-0.86%)—as sentiment remained fragile despite a rebound from earlier lows in the Hang Seng. Australia’s ASX 200 added +0.84% thanks to a solid performance of energy & materials, while India’s Nifty was flat.
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