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Tuesday, August 5, 2025

Asia Market Movers: Trump will be on CNBC Squawk Box Tuesday 8am US time - pre mkt

Tuesday, 05 Aug, 2025

Stock market update

Trump will be on CNBC Squawk Box Tuesday 8am US time - pre mkt

Trump will be on CNBC Squawk Box Tuesday 8am US time - pre mkt. You don't need me to tell you he ain't gonna be bearish, right? --- CNBC's Squawk Box is a live, weekday morning program focused on pre-

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News

Japan's Akazawa is yet to confirm the tariff agreement with the US

Japan trade negotiator Akazawa plans to visit U.S. from Tuesday To push U.S. to give order to take auto tariff to take effect as soon as possible One of purposes of U.S. visit is to confirm details of

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News

Japan final Services PMI for July 2025 53.6 (prior 51.7)

Japan Jibun bank Services PMI for July 2025 53.6, expanded at its fastest pace in five months flash 53.5, prior 51.7 improvement was driven by strong domestic demand, which more than offset a sha

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1667 – Reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as

Central Banks

BoJ June minutes: to continue raising policy rate if economy, prices move in line forecast

Bank of Japan June 2025 meeting minutes, full text . The June meeting minutes have been dated by the July meeting. Headlines via Reuters: Many members said inflation somewhat overshooting forecast but

Stock market update

ICYMI - Société Générale warns of bubble risk if S&P 500 gets above 7500!

There are a few reports on Société Générale's view doing the rounds. 2026 index could reach 6,900 by year-end a potential range of 6,500-7,250 if re-rating occurs in a rate-cutting environment say rat

Central Banks

Trump firing stats office head ignites concerns the US becoming "Latin America or Turkey"

The Wall Street Journal (gated) with the report: fear a decline in the world-leading economic statistics underpinning U.S. markets In brief: Banks have fielded calls from clients, anxious that they ma

News

Australia S&P Global July final services PMI 54.1 (prior 51.8)

Australia S&P Global July final services PMI comes in at a much improved 54.1 June was 51.8 Composite 53.8 June was 51.6 --- Australia's services sector saw stronger growth in July, marking a soli

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News

UBS warns U.S. credit markets are too complacent as junk bond spreads near decade lows

UBS warns that U.S. corporate credit markets are showing more complacency than equities, with high-yield debt valuations approaching multidecade highs ... credit markets are out of step and underprici

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