Daily Market Insight

• Inflation saps U.S. consumer confidence; house prices remain elevated • Japan May retail sales rise faster than expected as COVID curbs ease • German consumer sentiment plunges to new record low • Dollar falters as U.S. yields retreat amid recession risks

• Inflation saps U.S. consumer confidence; house prices remain elevated • Japan May retail sales rise faster than expected as COVID curbs ease • German consumer sentiment plunges to new record low • Dollar falters as U.S. yields retreat amid recession risks

• US Pending Home Sales Unexpectedly Rise in May • US Durable Goods Orders Remain Robust • Malaysia Producer Prices Rise at Faster Pace • US stock futures slipped, Gold remained under pressure

• U.S. new home sales rebound in May; consumer sentiment at record low • German business sentiment clouds over but no sign of recession • U.K. Retail Sales Fall by 0.5% in May due to rising prices • U.S. dollar retreats as markets re-assess Fed rate path

• Powell warns US recession is ‘certainly a possibility’ • US Mortgage Applications Rise for 2nd Week • ECB is expected to raise deposit rate to 0.75% by year-end • Asia shares struggle, oil falls as recession fears linger

• Wall Street sees higher probability of U.S. recession next year • U.S. Existing Home Sales Slide for Fourth Straight Month • UK manufacturers' price expectations fall to 9-month low • Yen drops to fresh 24-year low vs U.S. dollar

• Yellen says gasoline tax holiday worth considering as anti-inflation tool • German Producer Inflation Hits Record for 6th Month • RBA Reaffirms More Hikes Ahead: June Minutes • Dow futures surge more than 400 points, 10-year Bund yield rose

• U.S. reviews China tariffs, possible pause on federal gas tax to curb inflation • U.S. manufacturing output softens; leading indicator extends decline • Euro zone inflation reached record high 8.1% in May • Yen tanks as FX market adjusts to central bank rate decisions

• Bank of England boosts interest rate to 13-year high as inflation soars • U.S. labor market appears to cool; homebuilding slumps as rates surge • BOJ keeps ultra-low rates, dovish policy guidance • Swiss franc soars after shock rate hike; pound rises

• Fed hikes its benchmark interest rate by 0.75 percentage point • European Central Bank holds emergency meeting to discuss market rout • Japan Runs Biggest Trade Deficit in More Than 8 Years in May • US stock futures climbed higher on Thursday