Stock Market Update
29-Jun-26 09:03 ET
Global markets mixed
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +59.00. Nasdaq futures vs fair value: +365.00.
The S&P 500 futures currently trade 59 points above fair value.
Equity indices in the Asia-Pacific region began the week on a mostly higher note while South Korea's Kospi (-0.2%) remained pressured by Samsung and SK Hynix. Hong Kong's Hang Seng (+1.6%) climbed off a 13-month low with the Hang Seng biotech index (+6.7%) recording its largest gain in more than four years. China's Ministry of Commerce added 20 Japanese companies to its export control list. The People's Bank of China conducted overnight repurchase operations for the first time.
- In economic data:
- China's May Industrial Profit 18.8% YTD (last 18.2%)
- Japan's May Retail Sales 5.3% yr/yr (expected 3.1%; last 2.8%) and Large Retail Sales 5.3% yr/yr (expected 3.1%; last 2.8%)
- India's May Industrial Production 5.1% yr/yr (expected 4.7%; last 4.9%) and May Manufacturing Production 5.5% m/m (last 6.2%)
---Equity Markets---
- Japan's Nikkei: +0.2%
- Hong Kong's Hang Seng: +1.6%
- China's Shanghai Composite: +1.2%
- India's Sensex: -0.5%
- South Korea's Kospi: -0.2%
- Australia's ASX All Ordinaries: +0.7%
Major European indices trade near their flat lines. President Trump threatened to impose a 100% tariff on imports from the EU and the U.K. if they impose a digital services tax on U.S. companies. European Central Bank President Lagarde will deliver the opening remarks from the ECB's policy forum in Portugal, where Fed Chairman Warsh will appear on Wednesday. Bank of England Chief Economist Pill said that the change in the Bank of England's communication strategy from a single forecast to multiple scenarios has made it more difficult for policymakers to reach a collective viewpoint.
- In economic data:
- Eurozone's May Private Sector Loans 3.1% yr/yr (expected 2.9%; last 3.0%) and loans to nonfinancials 4.0% yr/yr (last 3.4%). June Business and Consumer Survey 95.0 (expected 94.3; last 93.7)
- U.K.'s May Mortgage Approvals 56,210 (expected 63,000; last 66,030) and Mortgage Lending GBP2.89 bln (expected GBP4.60 bln; last GBP4.44 bln)
- Spain's June CPI 0.6% m/m (last 0.1%); 3.2% yr/yr, as expected (last 3.2%). June Core CPI 2.9% yr/yr (last 2.9%)
---Equity Markets---
- STOXX Europe 600: -0.1%
- Germany's DAX: +0.1%
- U.K.'s FTSE 100: -0.1%
- France's CAC 40: -0.1%
- Italy's FTSE MIB: +0.1%
- Spain's IBEX 35: -0.2%
