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- S&P 500 Marks Another Record Close:<\/strong> The S&P 500 rose 0.52% on Monday to finish at 6,204.95, setting another all-time high as June wrapped up with a nearly 5% monthly gain. The broad index surged more than 10% in the second quarter.<\/li>\n\n\n\n
- Dow Extends Second-Quarter Rally:<\/strong> The Dow Jones Industrial Average climbed 275.50 points, or 0.63%, to settle at 44,094.77, ending June with a roughly 4% monthly gain and up nearly 5% for the quarter.\u00a0<\/li>\n\n\n\n
- Nasdaq Hits Another All-Time High:<\/strong> The Nasdaq Composite rose 0.47% to close at 20,369.73, its second consecutive record. A near-18% quarterly surge underlined the strength of the tech sector, boosted by AI-related momentum.<\/li>\n\n\n\n
- Europe Retreats After Strong Week:<\/strong> European equities retreated on Monday after last week\u2019s powerful rally, weighed down by concerns around potential trade tensions with the United States. The Stoxx Europe 600 fell 0.41% to 541.38, with Germany\u2019s DAX off 0.5% at 23,910 and France\u2019s CAC 40 giving back 0.3% to 7,665. The FTSE 100, however, closed out the quarter 2.08% higher at 8,760.96. Mortgage approvals in the UK unexpectedly rose to 63,032 in May from 60,656 the previous month, confounding forecasts for a decline after the end of a tax break for homebuyers in April. Weak German retail sales and a softer-than-expected inflation reading pointed to continued challenges for Europe\u2019s largest economy, while policy uncertainty around wind energy regulation also pressured industrials.\u00a0<\/li>\n\n\n\n
- Asia-Pacific Markets Trade Mixed:<\/strong> Asia-Pacific equities delivered mixed results on Monday as traders weighed local data and global trade developments. Japan\u2019s Nikkei 225 gained 0.84% to reach 40,487.39, supported by strong factory shipments and confidence around earnings. China\u2019s CSI 300 rose 0.37% despite its official PMI staying in contraction for a third month, raising hopes for stimulus measures. Hong Kong\u2019s Hang Seng fell 0.87% amid ongoing trade disruption fears. South Korea\u2019s Kospi advanced 0.52% but continued to show weak industrial output, while India\u2019s Sensex retreated 0.54% as industrial growth lost momentum.<\/li>\n\n\n\n
- Oil Slips on Middle East Ceasefire:<\/strong> Brent crude settled 16 cents lower at $67.61 a barrel, while US WTI crude dropped 42 cents to $65.10, with easing geopolitical risks and a proposed OPEC+ output increase weighing on prices. A ceasefire between Israel and Iran helped steady markets after weeks of volatility, though traders still expect swings in coming months.<\/li>\n\n\n\n
- Treasury Yields Drift Lower:<\/strong> The US 10-year yield fell more than 4 basis points to 4.242% as investors waited to see whether President Trump\u2019s contentious spending bill would clear the Senate. The 30-year yield dropped more than 5 basis points to 4.794%, while the 2-year note held at 3.725%. Data focus now shifts to Tuesday\u2019s ISM manufacturing PMI and Thursday\u2019s non-farm payrolls.<\/li>\n<\/ul>\n\n\n\n
FX Today:<\/strong><\/p>\n\n\n\n
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- EUR\/USD Regains 1.0750 Support:<\/strong> The euro advanced against the dollar on Monday, finishing at 1.0762 with a 0.41% gain after buyers stepped back in above the key 1.0750 zone. The single currency staged a recovery from earlier weakness, supported by steady sentiment around Europe\u2019s improving inflation outlook. Still, EUR\/USD faces persistent resistance at 1.0814, where rallies have repeatedly stalled in recent weeks. A firm break above that ceiling could unlock a move towards 1.0900, though failure to defend 1.0750 would risk another slide to 1.0700.<\/li>\n\n\n\n
- USD\/JPY Slides as Sellers Hold Control:<\/strong> The dollar fell against the yen on Monday, closing at 144.13, down 0.34%, after another failure to sustain gains above recent moving averages. Persistent selling capped the pair around the 100-day SMA near 146.38, keeping a bearish tilt in place despite occasional rebounds. As price continues to trade below the longer-term 200-day average, sellers may remain in charge, with next supports seen around 143.00 and potentially the June lows near 141.50 if downward momentum builds.<\/li>\n\n\n\n
- USD\/CHF Hits New 2025 Lows Near 0.7930:<\/strong> Dollar weakness persisted against the Swiss franc, with USD\/CHF ending Monday at 0.7935, its lowest close of 2025 so far. The pair slipped another 0.58% as bearish sentiment dominated, leaving price far below key moving averages and showing no sign of reversal. Traders are watching psychological supports around 0.7900 next, with 0.7800 a potential target if the slide deepens. Unless USD\/CHF can stage a recovery above 0.8200 in coming weeks, any rallies are likely to remain limited.<\/li>\n\n\n\n
- USD\/CAD Softens After Canada Scraps Tax:<\/strong> The greenback eased against the loonie, settling at 1.3625, down 0.38% on Monday. News that Canada cancelled its planned digital services tax helped sentiment and encouraged some buying of the Canadian dollar, sending USD\/CAD toward the lower end of its recent range. The pair is struggling to break above its 50-day moving average around 1.3780, with further support eyed at 1.3600 and then 1.3500 if downward momentum persists.\u00a0<\/li>\n\n\n\n
- AUD\/USD Retests Resistance Near 0.6700:<\/strong> The Australian dollar climbed on Monday, ending at 0.6678, up 0.55%, as buyers defended recent support levels and retested resistance zones. Stronger risk sentiment helped push AUD\/USD higher after bouncing from around 0.6630. The pair is now challenging its 50-day average, with 0.6750 acting as the next key target for a bullish breakout. If that level holds, the Aussie could slip back toward 0.6620, but the current pattern of higher lows suggests cautious optimism into July.<\/li>\n\n\n\n
- Gold Steadies Above $3,300:<\/strong> Gold prices advanced to $3,306 on Monday, gaining around 1% as traders stepped in to buy dips near $3,250. A long lower wick on the daily candle reflected support interest, though gold is still capped below its 50-day average at $3,322. Further resistance is seen around $3,400, while any move below $3,250 could put the 100-day average near $3,158 back into focus. The overall medium-term trend remains positive, though recent trading has been stuck in a consolidation zone between $3,250 and $3,450.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Hewlett Packard Enterprise Soars on Juniper News:<\/strong> Hewlett Packard Enterprise jumped over 11% after the Justice Department agreed to settle its legal challenge against the company\u2019s planned acquisition of Juniper Networks.\u00a0<\/li>\n\n\n\n
- GMS Inc. Jumps After Home Depot Buyout:<\/strong> Shares of GMS Inc. rose more than 11% after Home Depot announced it would acquire the building materials firm for approximately $4.3 billion, or $110 per share.\u00a0<\/li>\n\n\n\n
- Juniper Networks Gains on Acquisition Progress:<\/strong> Juniper Networks shares gained over 8% in response to the same Justice Department settlement that boosted HPE. The legal green light clears a key obstacle, strengthening the merger outlook and bolstering shareholder confidence.<\/li>\n\n\n\n
- Whirlpool Upgraded, Rallies Over 5%:<\/strong> Whirlpool shares rallied more than 5% after Longbow Research upgraded the stock to \u201cbuy\u201d from \u201cneutral\u201d and raised its price target to $145, citing improved operating margins and a more resilient consumer demand environment.<\/li>\n\n\n\n
- AppLovin Extends Advance on UBS Target Hike:<\/strong> AppLovin shares gained over 4% after UBS raised its price target on the stock to $540 from $475, reflecting strong earnings growth potential in mobile advertising and gaming services.<\/li>\n\n\n\n
- Oracle Benefits from Stifel Upgrade:<\/strong> Oracle rose more than 3% after analysts at Stifel upgraded the stock to \u201cbuy\u201d from \u201chold\u201d with a fresh target of $250, citing confidence in cloud growth and stronger enterprise demand.<\/li>\n\n\n\n
- Walt Disney Rises on Jeffries Upgrade:<\/strong> Walt Disney added over 1% after Jeffries shifted its rating to \u201cbuy\u201d from \u201chold\u201d and lifted its price target to $144.<\/li>\n\n\n\n
- Energy Shares Decline as Crude Weakens:<\/strong> Weakness in WTI prices weighed on energy producers on Monday, with Diamondback Energy, APA Corp, Exxon Mobil, Occidental Petroleum, and Devon Energy all closing down more than 1% as traders took profits and repositioned after recent gains.<\/li>\n\n\n\n
- Cohen & Steers Slips on Underperform Rating:<\/strong> Cohen & Steers shares fell more than 3% after Bank of America Global Research initiated coverage with an \u201cunderperform\u201d recommendation and a price target of $67, warning of potential headwinds in asset flows.<\/li>\n<\/ul>\n\n\n\n
As the second quarter closes, markets have entered July with a solid backdrop of record equity highs and improving earnings momentum, even if questions over tariffs and fiscal policy remain. Investors will now shift their focus to upcoming economic data, including manufacturing activity and the crucial US jobs report later this week, for clearer signals on growth and inflation trends. With Europe showing pockets of weakness and Asia continuing to look for stabilisation, traders are bracing for a potentially bumpy start to the new quarter. How policymakers handle trade negotiations and spending legislation could prove decisive in shaping sentiment over the weeks ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"
June closed on a high note for Wall Street, capping a stunning second-quarter comeback with fresh record highs for the S&P 500 and Nasdaq. Monday\u2019s gains followed Canada\u2019s decision to scrap its digital services tax, easing trade tensions with the United States ahead of next week\u2019s crucial tariff deadline. Investors also looked to a divisiveContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":22295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-22293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":22293,"zh_cn":22304,"zh_tw":22306,"vi":22308,"th":22310,"ko":22312,"pt":22314,"es":22316,"jp":22318},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/22293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=22293"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/22293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/22295"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=22293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=22293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=22293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- GMS Inc. Jumps After Home Depot Buyout:<\/strong> Shares of GMS Inc. rose more than 11% after Home Depot announced it would acquire the building materials firm for approximately $4.3 billion, or $110 per share.\u00a0<\/li>\n\n\n\n
- USD\/JPY Slides as Sellers Hold Control:<\/strong> The dollar fell against the yen on Monday, closing at 144.13, down 0.34%, after another failure to sustain gains above recent moving averages. Persistent selling capped the pair around the 100-day SMA near 146.38, keeping a bearish tilt in place despite occasional rebounds. As price continues to trade below the longer-term 200-day average, sellers may remain in charge, with next supports seen around 143.00 and potentially the June lows near 141.50 if downward momentum builds.<\/li>\n\n\n\n
- Dow Extends Second-Quarter Rally:<\/strong> The Dow Jones Industrial Average climbed 275.50 points, or 0.63%, to settle at 44,094.77, ending June with a roughly 4% monthly gain and up nearly 5% for the quarter.\u00a0<\/li>\n\n\n\n