PSI 20 increased to a 11-year high of 7518.00 Index Points. Over the past 4 weeks, PSI 20 gained 5.2%, and in the last 12 months, it increased 12.29%.

Stocks in Portugal Hit 11-year High

In Tokyo,  the Nikkei 225 Index decreased 255 points or 0.66 percent on Thursday. Losses were driven by Sumco (-3.66%), M3 (-3.27%) and Recruit Holdings (-2.90%). Biggest rises came from Sumitomo Dainippon (16.95%), Toho Zinc (8.91%) and Mitsubishi Heavy Industries (4.55%).

The Nikkei 225 Index Closes 0.66% Lower

European equity markets were poised for a weaker open on Thursday, weighed down by renewed trade concerns after US President Donald Trump threatened to impose unilateral tariffs within two weeks to pressure countries into trade agreements. However, US Treasury Secretary Scott Bessent suggested that the Trump administration may extend the current 90-day pause on reciprocal tariffs for countries demonstrating “good faith” in negotiations. The initial boost from progress in the US-China trade talks also started to fade, even as Trump declared that a trade deal with Beijing was “done.” In Europe, investors will closely watch the UK’s monthly GDP data and earnings results from Tesco, one of the region’s largest retailers. In premarket trading, Euro Stoxx 50 futures fell 0.7%, while Stoxx 600 futures slipped 0.5%.

European Markets Head for Lower Open

New Zealand's benchmark S&P/NZX 50 index advanced 0.3% to close at 12,649 on Thursday, extending gains to a third straight session amid trade optimism. US President Donald Trump said on Wednesday that a deal had been reached to revive a fragile truce in the US-China trade war, raising hopes for a lasting resolution between the world’s two largest economies. Trump also signaled a willingness to extend the July 8 deadline for finalizing talks with trading partners before higher US tariffs are imposed. Adding to the positive sentiment, a cooler-than-expected US CPI report for May bolstered bets of Federal Reserve rate cuts later this year. In domestic news, New Zealand's electronic card spending rose by 0.9% year-on-year in May, defying expectations of a 0.3% drop. Among large-cap stocks, notable gains were seen in Auckland Intl Airport (1.7%), Infratil (1.2%), Mercury NZ (1.15%), and Port of Tauranga (2.1%).

New Zealand Stocks Rise for 3rd Straight Day

Equities in India fell 205 points, or 0.2%, to 82,310 in morning trade on Thursday, halting gains from the previous session, while the Nifty 50 dropped 0.3% to below 25,100. The decline tracked a fall on Wall Street overnight, as optimism about the U.S.-China trade deal faded amid a lack of clarity on tariffs. Traders were cautious after U.S. President Trump threatened to reimpose unilateral tariff rates ahead of a July 9 deadline. Additional caution prevailed as investors awaited the release of May inflation data, due later today, which is expected to guide the monetary policy path. The tech sector was the main drag on the index, falling 0.9%, with notable losses from Infosys (-1.6%) and HCL Technologies (-1.2%). Declines were also seen across the auto, manufacturing, oil & gas, and banking sectors. Other notable losers included Tata Motors (-1.0%), Hindustan Unilever (-1.0%), and Tata Steel (-0.9%).

India Stocks Trade Slightly Lower

Hong Kong stocks fell 84 points or 0.4% to 24,281 in early trade Thursday, retreating from a near three-month high and snapping gains from the previous session. Sentiment soured after a sharp decline in U.S. futures, triggered by President Trump’s announcement that he will set unilateral tariff rates within two weeks, reigniting trade tensions. Most sectors were lower as some investors locked in profits amid renewed concerns over rising tensions in the Middle East. Losses were partially limited by a recent U.S.-China trade agreement, which removes Chinese restrictions on rare-earth exports and grants Chinese students access to U.S. universities. Horizon Robotics slumped nearly 4% after announcing a sale of 681 million new shares to a key shareholder. JD.com edged lower despite reports of its expansion into Saudi Arabia. Other notable laggards included Kuaishou Tech (-4.2%), China Resources Land (-3.0%), Zhejiang Leapmotor Tech (-2.0%), and Techtronic Industries (-1.7%).

Hong Kong Shares Fall as Trump Rekindles Tariff Fears

The Shanghai Composite fell 0.2% to below 3,400 while the Shenzhen Component shed 0.15 to 10,237 on Thursday, paring gains from the previous session amid lingering uncertainty over US-China trade relations. Earlier this week, US and Chinese negotiators reached a preliminary deal in London that includes the removal of Chinese export restrictions on rare earth minerals and the reinstatement of access for Chinese students to US universities. However, the agreement still requires formal approval from Presidents Donald Trump and Xi Jinping. President Trump declared the deal “done,” and Commerce Secretary Howard Lutnick said tariffs on Chinese goods would not rise above the current 55%. Still, key details remain unclear, and no official confirmation has been issued by Beijing. Consumer stocks led Thursday’s losses, with Kweichow Moutai falling 1.5%, Wuliangye Yibin down 1.3%, and BYD Company shedding 1.7%.

China Stocks Slip on Trade Uncertainty

The KOSPI rose 0.5% on Thursday to over 2,920, its highest level in over three years and its seventh consecutive gain. The rally was fueled by strong foreign inflows and investor optimism over President Lee Jae-myung's economic reforms. Lee announced plans to cut dividend taxes and crack down on unfair trading with a “one-strike-out” policy, aiming to enhance market transparency and appeal. His party also reintroduced a bill to strengthen corporate board duties, reflecting a pro-investor agenda with a long-term goal of pushing the KOSPI to 5,000. Chip and auto stocks led gains, while financials saw profit-taking. On the corporate front, notable gainers included SK Hynix (0.2%), LG Energy Solution (2.6%), Hyundai Motor (1.0%), and Hanwha Aerospace (1.0%). Meanwhile, Samsung Electronics (-0.7%) and KB Financial Group (-0.9%) posted losses.

South Korea Shares Surpass 2900 on Reform Hopes

The S&P/ASX 200 traded slightly higher around 8,598 on Thursday, staying near record highs, as market sentiment remained upbeat following remarks from US President Donald Trump regarding the US-China trade deal. On Wednesday, Trump said he was very happy with a trade agreement that appears to revive a fragile truce in the prolonged trade war, a day after negotiators from both sides agreed on a framework covering tariff rates. In Australia, investors are now turning their attention to the upcoming release of consumer inflation expectations for June 2025, a key data point that could influence the RBA's monetary outlook. Markets are now pricing in a 97% probability of a 25 bps cut in July, with futures suggesting a cumulative 75 bps of easing, which would bring the cash rate down to 3.1% by year-end. The financial sector saw modest gains, with Commonwealth Bank of Australia rising 0.6%, National Australia Bank adding 0.3%, and Westpac Banking Corporation edging up 0.2%.

Australian Shares Trade Slightly Higher

The Nikkei 225 Index fell 0.6% to below 38,200 while the broader Topix Index lost 0.3% to 2,780 on Thursday, with Japanese shares snapping a four-day winning streak after US President Donald Trump said he plans to set unilateral tariffs in two weeks to pressure countries into trade deals. However, Trump has made a similar pledge on May 16 without following through on his threat. US Treasury Secretary Scott Bessent also suggested that the Trump administration could extend the 90-day pause on reciprocal tariffs for countries that show “good faith” in trade talks. In Japan, fresh data showed business sentiment among large manufacturers weakened further in the second quarter, as tariff uncertainty continued to drag on the export-driven economy. Major decliners included Tokyo Electron (-0.7%), Hitachi (-1.7%), Toyota Motor (-1.1%), Fast Retailing (-1.8%), and Keyence (-1.3%).

Japanese Shares Fall as Trump Renews Tariff Threats

South Korean President Lee Jae-myung announced plans on Wednesday to revamp the country's tax system to encourage higher dividend payouts, aiming to make the stock market more attractive to investors. During a visit to the Korea Exchange, Lee said that lowering taxes on dividend income could be beneficial, provided it does not significantly impact public finances. He also emphasized the need for regulatory measures to curb unfair trading practices. He introduced a “one-strike-out” policy, which imposes strict penalties on illegal trades to enhance market integrity. Just a day after taking office on June 4, Lee’s Democratic Party reintroduced legislation to expand the fiduciary duty of corporate board members, seeking to strengthen shareholder protections. The party intends to pass the bill within the month. Lee’s broader economic agenda includes efforts to boost the KOSPI index to 5,000, reflecting his commitment to revitalizing South Korea’s financial markets.

South Korea Pushes Tax, Market Reforms to Aid Investors

US stock futures dipped Thursday as investors awaited the latest producer inflation data, following a softer-than-expected consumer inflation report that eased pressure on the Federal Reserve to raise interest rates. On the trade front, US and Chinese negotiators reached a preliminary agreement during talks in London earlier this week, though it still requires formal approval from Presidents Trump and Xi. Meanwhile, Treasury Secretary Scott Bessent indicated the Trump administration may extend the 90-day pause on reciprocal tariffs for nations demonstrating “good faith” in trade negotiations. In corporate news, Oracle shares jumped more than 7% in after-hours trading following stronger-than-expected fiscal Q4 earnings and revenue. During Wednesday’s regular session, the S&P 500 fell 0.27%, the Nasdaq Composite declined 0.5%, and the Dow closed flat.

US Futures Edge Lower Ahead of PPI Report

The NZX 50 was almost flat, hovering around 12,604 in morning trade on Thursday after gaining in the previous session, as gains in materials, energy, and consumer staples offset falls in financials, utilities, and industrials. Traders remained cautious amid tariff uncertainty in US-China trade deals after two days of negotiations, and they continued to monitor developments following the framework agreement between the two countries. On a positive note, lower US inflation expectations reduced bets on an interest rate hike. On the data front, New Zealand's electronic card spending unexpectedly rose 0.9% year-on-year in May, beating expectations of a 0.3% fall and rebounding from a 0.3% drop in April. Among individual shares, ANZ Group fell 1.1%, Fletcher Building dropped 1.8%, and Briscoe Group shrank 1.1%, while Westpac Banking Corp. and A2 Milk rose by 0.6% and 0.4%, respectively.

New Zealand Stocks Muted in Early Deals

The Ibovespa edged up 0.5% to close at 137,128 on Wednesday, underpinned by firmer commodity markets, targeted corporate news and a clearer policy backdrop that reignited foreign demand for Brazilian equities. Oil’s climb to seven-week highs propelled Petrobras 0.8% higher and buoyed exploration services, while UBS BB’s bullish call on Santander lifted the bank’s shares 4.4%, catalyzing a broader rally in financials as investors anticipated smoother lending following the government’s IOF “recalibration.” Meanwhile, a provisional US–China accord to resurrect last month’s Geneva tariff truce and remove rare-earth restrictions reinvigorated prospects for Vale and other mining heavyweights.

Ibovespa Struggles for Direction

The S&P/TSX Composite Index rose 0.4% to close at 26,524 on Wednesday and eclipsing its previous high seen last week, as firmer oil prices and thawing US–China trade frictions propelled Canadian stocks. Shopify led the tech sector with a 3.5% advance, while energy stalwarts Canadian Natural Resources, Suncor, Imperial Oil and Cenovus added between 1.6% and 3.2%. In London, negotiators agreed to reinstate last month’s Geneva trade truce and lift China’s rare-earth export curbs, an outcome set to strengthen demand prospects for Canada’s mining exporters. Partially offsetting these gains, Statistics Canada reported a 6.6% drop in April building permits to C$11.7 billion, weighing on construction-materials and heavy-machinery shares.

TSX Reaches New Record High

US stocks ended lower on Wednesday as investors took a breather from the recent rally, despite encouraging inflation data and a tentative US-China trade agreement. The S&P 500 slipped 0.3% to snap 3-day win streak, the Nasdaq lost 0.5%, and the Dow finished flat. May’s Consumer Price Index rose just 0.1% month-over-month, below expectations, while core inflation also came in softer, reducing pressure on the Federal Reserve to hike interest rates. On the trade front, US and Chinese negotiators reached a preliminary deal that includes China supplying rare earths and the US easing restrictions on Chinese student visas. Still, the agreement lacked clarity on tariffs and export controls, dampening investor optimism. President Trump said the deal was “done,” pending final approval from him and President Xi, while Commerce Secretary Howard Lutnick indicated a decision could come within days. Sector-wise, consumer discretionary and materials stocks led the decline, while energy outperformed.

Wall Street Pulls Back on Tentative US-China Deal

US stocks turned lower in the afternoon trading as investors paused to reassess the recent rally, despite softer-than-expected inflation data and a preliminary US-China trade deal. The S&P 500 and Nasdaq fell by 0.3% and 0.5%, respectively, while the Dow was flat with traders locking in profits after several strong sessions. May’s Consumer Price Index rose just 0.1% month-over-month—below forecasts—while core inflation also undershot expectations, easing pressure on the Federal Reserve to raise rates. Meanwhile, US and Chinese officials reached a tentative agreement to resume trade talks, with China agreeing to supply rare earths and the US easing student visa restrictions. However, the deal lacked details on tariffs and export curbs, tempering investor enthusiasm. President Trump called the framework “done” pending final approval, while Commerce Secretary Howard Lutnick said a decision could come within days. Materials and consumer discretionary lagged, while energy sector was higher.

US Stocks Dip as Rally Stalls, Trade Uncertainty Lingers

The CAC 40 fell 0.4% to close at 7,785 on Wednesday, reversing the gains of the previous session as investors digested the results of the trade talks between the US and China held in London. The talks ended with a preliminary framework agreement that seeks to revitalize the Geneva truce. The plan contemplates a possible mutual easing of restrictions, in which China could relax controls on the export of rare earths and semiconductors, while the US considers lifting certain technological sanctions. However, the agreement still requires the approval of both leaders, which doesn't ease investors' caution. In addition, EU authorities have signaled that the ongoing trade negotiations with the US could extend beyond the July 9 deadline, adding to the climate of uncertainty. In the corporate sphere, losses were led by Schneider Electric (-2.0%), Carrefour (-1.8%) and Stellantis NV (-1,5%), while gains came from Publicis (2.8%) and STMicroelectronics (1.1%).

French Stocks Fall After Caution Over US-China Talks

Frankfurt's DAX reversed course to close about 0.2% down at 23,976 on Wednesday, in line with most of its regional peers, as traders weighed the latest developments on global trade. US President Donald Trump said a deal with China "is done" following two days of high-level talks in London, adding that—pending final approval from President Xi Jinping and himself—the US will secure access to rare earth metals, while Chinese students will be allowed to take up places at American universities. On the other hand, the EU signaled its trade talks with Washington could stretch beyond the July 9 deadline.

DAX Fails to Hold Onto Early Gains

The Stoxx 50 dropped 1% and the Stoxx 600 fell 0.3% on Wednesday, as markets weighed mixed signals on global trade. US President Trump announced a trade framework with China, highlighting upfront rare earth supplies and access for Chinese students to US universities. However, European officials are less optimistic about their own trade talks with the US, warning that negotiations could extend beyond the July 9 deadline, with only a preliminary deal possible by then. Market sentiment was also hit by a sharp decline in retail stocks. Inditex shares plunged over 4% after the company reported disappointing quarterly sales and flagged a sluggish start to the summer season, citing economic pressures. In contrast, the autos and basic resources sectors posted gains, benefiting from the US-China trade update.

European Stocks Fall on Wednesday

The FTSE MIB edged down by less than less than 0.1% on Wednesday to close near 40,180, as investors digested the tentative US-China trade agreement. Although both sides signaled progress, final approval by Presidents Trump and Xi is still pending, and the lack of specifics kept market sentiment cautious. Meanwhile, US inflation data for May came in just below expectations, suggesting tariffs had not yet impacted consumer prices—adding to speculation about future policy moves regarding interest rates. On the corporate front, Azimut (+2.5%), A2a (+1.9%), FinecoBank (+1.7%), and Italgas (+1.4%) led gains. On the downside, Nexi (-2.5%), Saipem (-2.1%), Banca Monte dei Paschi di Siena (-1.4%), and Stellantis (-1.3%) were among the session's worst performers.

FTSE MIB Cautious After US-China Talks

In Paris,  the CAC 40 Index decreased 40 points or 0.52 percent on Wednesday. Losses were driven by Carrefour (-2.16%), Schneider Electric (-1.97%) and Stellantis NV (-1.39%). Biggest rises came from Publicis (2.86%), STMicroelectronics (1.47%) and Eurofins Scientific SE (1.12%).

The CAC 40 Index Closes 0.52% Lower

The Ibovespa traded nearly 0.2% lower on Wednesday, around 136,000, as sentiment stayed subdued despite soft US inflation data and renewed hopes for progress in US-China trade talks. President Trump declared a deal was reached with China after two days of negotiations, forming a framework for the so-called Geneva consensus. Still, a lack of detail and pending approval from Trump and Xi kept markets cautious. Domestically, investors await updates on how the government will offset changes to the decree that raised the financial transactions tax. Finance Minister Haddad is set to speak at a joint congressional hearing, possibly clarifying fiscal plans. On the corporate front, Petrobras rose 0.8%, Vale slipped 0.5%, and Embraer edged down 0.1%. Banks opened lower—Banco do Brasil down 0.3%, with Santander up nearly 4%. Steelmakers fell, with CSN down 1.4% and Gerdau 2.6%.

Ibovespa Slips as Markets Weigh US-China Deal

The S&P/TSX Composite Index climbed around 0.3% to above the 26,500 mark on Wednesday, setting its sights on a fresh record high as rising oil prices and thawing US–China trade tensions buoyed Canadian stocks. Shopify spearheaded the tech rally, surging over 3%, while energy giants Canadian Natural Resources, Suncor, Imperial Oil and Cenovus each added more than 0.5%. In London, US and Chinese negotiators pledged to revive last month’s Geneva framework and lift China’s rare-earth export curbs, an outcome poised to sharpen demand for Canada’s mining sector. Offsetting these gains, Statistics Canada reported a 6.6% decline in April building permits to C$11.7 billion, weighing on construction-materials and machinery shares.

TSX Poised to Set Record High

The three major averages in the US swung around the flatline on Wednesday, as traders assess a weaker-than-expected CPI report and digest the latest developments on the US-China trade war. All key inflation measures came in below expectations, suggesting that consumers have yet to feel the impact of President Trump’s tariffs possibly because the most punitive duties remain temporarily suspended or because businesses are still absorbing the additional costs. The data reinforced the view the Fed could cut rates twice this year. Meanwhile, President Trump said a trade deal with China was done. After two days of negotiations, officials from US and China agreed on a framework to implement the Geneva consensus. However, the absence of concrete details and the need for final approval from Presidents Donald Trump and Xi Jinping kept markets cautious. Health and consumer discretionary were the top performing sectors while industrials and materials lagged.

US Stocks Waver

The FTSE 100 climbed toward record highs near 8,870 on Wednesday as investors digested the UK’s multi-year spending review and a positive US-China trade update. UK Chancellor Rachel Reeves outlined departmental budgets through 2027, including a commitment to raise defence spending to 2.5% of GDP and an additional £30 billion for the NHS. Optimism was also fueled by news that the latest US-China trade agreement would meet the approval of both President Trump and President Xi. Also, US inflation rose to 2.4% in May, slightly below the 2.5% forecast. Financial stocks led gains, with firms exposed to China, such as Prudential, HSBC, and Standard Chartered, rallying. Gold miner Fresnillo rose on stronger bullion prices. Defence stocks like Rolls-Royce and Babcock advanced on expectations of increased government investment. BT jumped over 2% after JPMorgan added it to its focus list, while reports emerged of a potential takeover bid for TalkTalk.

FTSE 100 Hovers at Record High

Frankfurt's DAX extended some early gains to trade near the 24,100 level on Wednesday afternoon, outperforming its regional peers after a softer-than-expected US inflation report eased concerns about trade tariffs under Trump. Meanwhile, investor sentiment remained cautious as markets awaited further details on a trade agreement between the US and China, which could include easing restrictions on Chinese rare earth exports and US technology access. In the meantime, the EU signaled its trade talks with Washington could stretch beyond the July 9 deadline. Bayer outperformed on the corporate front, gaining around 4% after HSBC and Kepler Cheuvreux upgraded the stock to 'Buy' from 'Hold'. Other top gainers included Rheinmetall, Siemens Energy, RWE, Heidelberg Materials, MTU Aero Engines and Porsche AG, adding between 1% and 3%.

DAX Extend Gains

US stock futures turned higher Wednesday after inflation came in softer than expected, boosting hopes for rate cuts. S&P 500 futures rose 0.4%, Nasdaq 100 gained 0.5%, and Dow futures climbed 130 points. CPI rose 2.4% in May, below the 2.5% forecast, while monthly inflation edged up just 0.1%, driven mainly by shelter costs. The report eased concerns of a reacceleration in inflation. Sentiment was further lifted by progress in US-China trade talks. President Trump said China would supply rare earths to the US upfront as part of a deal, calling the relationship “excellent,” though the agreement awaits final approval with President Xi. The US will impose 55% tariffs, compared to 10% from China. Key tech stocks including Nvidia, Microsoft, Apple, Amazon, and Meta rose between 0.4% and 0.7% in premarket trading. Tesla jumped nearly 3% after Elon Musk walked back recent criticism of Trump, further calming markets.

US Futures Turn Higher after Soft CPI Print

India's BSE Sensex closed about 0.2% up at 82,515 on Wednesday, following an almost muted session in the prior day, driven by IT stocks on signs of progress in trade talks between the US and key trading partners, including China and India. The US and Chinese officials were said to have agreed on a framework for a trade deal following two days of high-level talks in London, while Indian officials also indicated progress in bilateral talks. At the same time, foreign institutional investors (FIIs) continued their buying streak for a third straight session on June 10th. Meanwhile, investors awaited upcoming US inflation data later in the day and India's CPI release on Thursday for further guidance on monetary policies.

Indian Stocks End Slightly Higher

BELEX 15 increased to a 16-year high of 1178.00 Index Points. Over the past 4 weeks, Belgrade Stock Exchange 15 gained 2.15%, and in the last 12 months, it increased 17.23%.

Stocks in Serbia Hit 16-year High

The Hang Seng rose 184 points or 0.8% to end at a near three-month high of 24,349 on Wednesday, rebounding from a slight dip in the prior session while extending upward momentum since early June amid broad-based sector strength. Optimism grew over progress in U.S.-China trade talks, although further details on the agreed framework were still awaited. A strong performance in mainland stocks also lifted sentiment, helping offset a mild fall in U.S. futures ahead of key inflation data. In corporate news, Chinese automakers pledged to shorten supplier payment terms amid an escalating price war. JL Mag Rare-Earth Co. climbed 2.8% after securing licenses to export products to the U.S., Europe, and Southeast Asia. Pop Mart surged 3.6% after setting a new sales record for its “blind box” toy. Huitongda Network rose almost 3% on plans to repurchase up to CNY 500 million in H shares. Other notable gainers included China Hongqiao Group (5.3%), China Resources Land (1.5%), and HKEX (1.4%).

Hong Kong Finishes at Near 3-Month Peak

The FTSE MIB fell to around 40,000 on Wednesday, marking its third consecutive decline, as the US-China trade agreement failed to lift market sentiment. Officials from both countries announced a framework to implement their Geneva consensus, though both sides are still seeking leaders’ approval before moving forward. Meanwhile, the EU signaled that its trade negotiations with the US could extend beyond the July 9 deadline. Investors are also awaiting upcoming US inflation data for clues on the Federal Reserve’s policy direction. Across the bourse, most major stocks traded lower, including Ferrari (-0.9%), Banco BPM (-1%), Nexi (-1.8%), and Saipem (-1.8%). On the upside, Stellantis led gains, rising nearly 5%.

Italian Shares Decline

The CAC 40 traded slightly higher to 7,822 on Wednesday as investors digested the latest progress in US-China trade negotiations held in London. The talks concluded with a framework agreement aimed at advancing the Geneva consensus and reaffirming commitments made during a recent phone call between Presidents Donald Trump and Xi Jinping. As part of the deal, China is expected to ease export controls on rare earth minerals and magnetic materials, while the US is considering relaxing certain restrictions on advanced technology exports to China. However, the agreement remains short on specific details and still requires approval from both leaders. In a related development, EU officials signaled that ongoing trade negotiations with the US could extend beyond the July 9 deadline. On the corporate front, luxury stocks were among the best performers, with Kering jumping 2.4%, while LVMH and Hermès each rose 1%.

French Stocks Trade Slightly Higher

The FTSE 100 traded flat to slightly higher on Wednesday as investors looked ahead to Chancellor Rachel Reeves’ spending review, due after Prime Minister’s Questions around 12:30 pm. The review will outline long-term government spending plans through the decade, focusing on infrastructure, healthcare, education, and housing. Reeves is expected to defend her fiscal choices and shift the narrative toward investment-driven growth. Financial stocks led gains, reflecting optimism from progress in US-China trade talks. Companies with strong Chinese ties, such as Prudential, Standard Chartered, and HSBC, rose, while miners like Glencore and Antofagasta benefited from higher metal prices. Defence stocks including Rolls-Royce and Babcock gained ahead of expected public investment. BT shares rose 1.5% after JPMorgan added them to its focus list, citing strong catalysts ahead. Separately, BT is reportedly exploring a takeover of TalkTalk amid customer losses at its Openreach unit.

UK Stocks Slightly Higher Ahead Spending Review

ASE increased to a 26-month high of 2681.00 Index Points. Over the past 4 weeks, Amman Stock Exchange General Index gained 6.53%, and in the last 12 months, it increased 10.52%.

Stocks in Jordan Hit 26-month High

EGX 30 increased to a 14-month high of 33053.00 Index Points. Over the past 4 weeks, Egyptian Exchange Index gained 4.2%, and in the last 12 months, it increased 25.91%.

Stocks in Egypt Hit 14-month High

Frankfurt’s DAX rose slightly above 24,000 on Wednesday in cautious trading, as investors waited for more details on a trade agreement between the US and China. The two countries announced a "general framework" after two days of talks in London, aiming to build on progress made during earlier negotiations in Geneva in mid-May, which had been disrupted by disagreements over Chinese rare earths and US tech curbs. Separately, the EU signaled its trade talks with Washington could stretch beyond the July 9 deadline. Investors are now watching upcoming US inflation data for cues on Fed policy.

DAX Cautiously Higher

Both the STOXX 50 and the STOXX 600 swung around the flatline on Wednesday, following a choppy session the day before, as investor sentiment remained fragile after a US-China trade agreement failed to deliver a meaningful boost in confidence. After two days of talks, officials from both countries agreed to a framework for implementing the so-called Geneva consensus, which last month led to tariff reductions. However, the announcement lacked concrete details, and the framework still awaits approval from Presidents Donald Trump and Xi Jinping. Meanwhile, EU officials signaled that trade negotiations with the US could extend beyond the July 9 deadline. The retail sector was by far the worst performer, with shares of Inditex losing over 4% after the company reported weaker-than-expected quarterly sales and noted a slower start to the summer season compared to last year, citing ongoing economic headwinds. In contrast, autos and basic resources sectors led the gains.

European Stocks Cautious

In China,  the Shangai Composite Index went up by 19 points or 0.57 percent on Wednesday. Top gainers were Jiangsu Lianyungang (5.00%), New China Life (3.83%) and China Life Insurance (3.42%). Biggest losses came from Ningbo Port (-2.37%), Yonyou Soft (-1.75%) and Sany Heavy Industry (-1.21%).

The Shangai Composite Index Closes 0.57% Higher

The S&P/ASX 200 edged up 0.1% to close at 8,592 on Wednesday, paring back earlier gains that touched record levels to remain near four-month highs, as investors weighed uncertainty over the finalization of the US–China trade deal. Officials from both nations are now seeking approval from their leaders before advancing a framework agreed on during the second day of talks in London, aimed at easing trade tensions. Adding to caution, a US federal appeals court allowed broad tariffs to remain in place while it reviews whether President Trump overstepped his authority. The World Bank also cut its global GDP growth forecast by 0.4 percentage points to 2.3%, citing rising tariffs and growing risks. Domestically, economic signals point to further RBA rate cuts, with markets now pricing in a 97% chance of a 25 bp cut in July and total easing to 3.1% by year-end. On the corporate front, mining and energy stocks led gains—BHP Group (1.5%) and Fortescue (3.5%)—while CBA and NAB both slipped 0.3%.

Australian Shares End at 4-Month Peak

SENSEX increased to a 35-week high of 82720.00 Index Points. Over the past 4 weeks, SENSEX gained 0.31%, and in the last 12 months, it increased 7.94%.

Stocks in India Hit 35-week High

New Zealand's benchmark S&P/NZX 50 index closed 0.3% higher at 12,606 on Wednesday, rising for the second consecutive session as traders welcomed signs of progress in US-China trade talks held in London. Officials from both countries said they had agreed on a framework to put their trade truce reached last month in Geneva back on track and resolve China's export restrictions on rare earth minerals and magnets. Meanwhile, in local economic news, New Zealand visitor arrivals jumped 18.8% year-over-year to 267,271 in April, rebounding from an 8.4% drop in March. On the corporate side, Fletcher Building led the gains, surging 10% after revealing it has received "ongoing inbound inquiries" from parties who are interested in its businesses, including the construction division. Other notable performers included Meridian Energy (1.2%), Spark NZ (2.9%), Ryman Healthcare (2.75%), and Freightways (2%).

NZ Stocks Rise After US-China Trade Talks

European equity markets were set to open lower on Wednesday as investors braced for the release of key US inflation data. A stronger-than-expected US CPI reading could dampen sentiment by reducing the likelihood of near-term interest rate cuts by the Federal Reserve. Global sentiment was also shaped by developments in US–China trade relations. The two countries agreed on a framework to implement the Geneva consensus, with Beijing expected to lift restrictions on rare earth exports and Washington considering easing curbs on advanced technology sales to China. In Europe, focus will also turn to the UK government’s “Spending Review” and earnings from Spanish retail giant Inditex, both of which could influence regional market direction. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down 0.2% and 0.3%, respectively.

European Markets Poised for Lower Open

Shares in India rose 140 points, or 0.2%, to 82,506 in early trading on Wednesday, following an almost flat session the previous day. The BSE Sensex reached its highest level since mid-May, tracking gains in Asian markets after a positive session on Wall Street overnight, supported by optimism around US-China trade talks. Positive signals from India-US trade negotiations also lifted sentiment, with discussions focusing on market access, tariff reductions, and the removal of non-tariff barriers. Expectations of a decline in May inflation further boosted investor confidence, with forecasts suggesting inflation could ease to 3.0%, the lowest level since April 2019, raising hopes for additional interest rate cuts. The oil & gas sector and auto stocks were the main drivers of the index. The Nifty 50 also advanced by 0.2% to above 25,150, with notable gains from Mahindra & Mahindra (1.7%), Reliance Industries (1.5%), JSW Steel (1.0%), and NTPC (0.6%).

India Stocks Move in the Green

The Shanghai Composite rose 0.7% to above 3,400 while the Shenzhen Component gained 1% to 10,260 on Wednesday, reversing losses from the previous session amid signs of progress in US-China trade negotiations. Following two days of talks in London, US and Chinese officials agreed on a framework to implement the Geneva consensus and follow through on commitments made during a recent call between Presidents Trump and Xi. As part of the potential deal, China is expected to lift restrictions on rare earth exports, while the US may ease curbs on advanced technology sales to China. High-growth technology and new energy stocks led the rally, with notable gains from East Money (+2.9%), Dawning Information (+3.8%), Shenzhen Forms (+5.7%), BYD Company (+2.2%), and Contemporary Amperex (+2.9%).

China Stocks Rise on Trade Talk Progress

Hong Kong shares rose 173 points or 0.7% to 24,337 on Wednesday morning, picking up from a slight dip the day before. The benchmark index hit a near three-month peak after the U.S. and China reportedly reached a trade agreement framework following two days of high-level talks in London. Key aspects of the deal include easing U.S. tech export curbs and resolving China’s rare earth export restrictions. Locally, Hong Kong reaffirmed its commitment to the USD currency peg, calling it a “fundamental success factor,” the city leader John Lee said. Gains were broad-based, led by property, financials, and tech. However, upside was capped by a drop in U.S. futures as traders grew cautious ahead of May’s inflation data. A hotter-than-expected print could unsettle markets already jittery over inflation risks. Meantime, concerns about intense competition among Chinese EV makers lingered. Early winners included Mixue Group (3.5%), Kingdee Intl. (2.6%), BOC Hong Kong (1.9%), and  AIA Group (1.7%).

Hong Kong Stocks Hover at Near 3-Month High

The KOSPI climbed about 1% to surpass 2,880 on Wednesday, marking its sixth consecutive gain and the highest level since January 2022. The surge was driven by strong performances in chip and auto stocks, fueled by optimism over President Lee Jae-myung’s proposed economic reforms and stimulus plans. Investor sentiment was further boosted by signs of progress in the US–China trade talks and an improving outlook for South Korean exports, particularly in semiconductors. Foreign investors continued heavy buying, adding to the market’s upward momentum. Notable gainers included SK Hynix (3.8%), Samsung Electronics (0.9%), LG Energy Solution (0.9%), and Hyundai Motor (1.5%). Meanwhile, Hanwha Aerospace (-2.2%), KB Financial Group (-2.2%), and HD Hyundai Heavy Industries (-0.9%) posted losses.

South Korea Shares Hit Over 3-Year High

The S&P/ASX 200 rose 0.4% to around 8,620 on Wednesday, hitting a fresh record high amid optimism over US–China trade talks and hopes of further RBA rate cuts. The discussions between officials from both nations extended into a second day in London on Tuesday, resulting in a preliminary deal to implement their earlier Geneva consensus. Though details remain undisclosed, US negotiators “absolutely expect” the framework to resolve rare earth trade issues, with both sides seeking leaders’ approval before moving to implementation. Adding momentum, recent economic signals suggest the RBA is gearing up for further rate cuts, with markets now pricing in a 97% chance of a 25?bp cut in July and a total reduction to around 3.1% by year-end. On the corporate front, financials led the advance, with Commonwealth Bank (0.4%) hitting a new all-time high and NAB (0.5%) a four-month high. Top performers also included mining and energy stocks such as BHP Group (2%) and Fortescue (1.8%).

Australian Stocks Hit New Record High

The Nikkei 225 Index climbed 0.5% to around 38,400 while the broader Topix Index gained 0.2% to 2,791 on Wednesday, with Japanese shares rising for the fourth straight session as signs of progress in US-China trade talks supported market sentiment. US Commerce Secretary Howard Lutnick said that two sides have reached a framework to implement the Geneva consensus and the call between their respective presidents. On the domestic front, Japan’s producer prices rose 3.2% year-on-year in May, the slowest pace in eight months, easing some inflation concerns. Meanwhile, Bank of Japan Governor Kazuo Ueda reiterated on Tuesday that the central bank remains prepared to raise interest rates again, provided there is sufficient confidence that core inflation will sustainably reach around 2%. Technology stocks led the rally, with notable gains from Advantest (+3.2%), Disco (+2.2%), Lasertec (+3.4%), Tokyo Electron (+2.6%), and SoftBank Group (+1.9%).

Japanese Shares Gain on US-China Optimism

US stock futures inched lower on Wednesday as investors adopted a cautious stance ahead of the latest Consumer Price Index report, which may offer insights into the economic impact of recent tariffs. Market participants also looked for further clarity on US–China trade negotiations. Commerce Secretary Howard Lutnick said talks were going “really, really well,” suggesting discussions could continue into Wednesday if necessary. In regular trading on Tuesday, the S&P 500 and Nasdaq Composite rose 0.55% and 0.63%, respectively, for their third straight positive session. The Dow also gained 0.25%. Gains were broad-based, with 10 of the 11 S&P 500 sectors finishing higher, led by energy, consumer discretionary, and healthcare. Technology stocks also outperformed, driven by notable moves from Tesla (+5.7%), Meta Platforms (+1.2%), and Alphabet (+1.3%). Looking ahead, earnings results from Chewy and Oracle are due later Wednesday.

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