Asian markets mixed as investors
focused on China’s policy meeting and remain wary ahead of Federal Reserve Chair Jerome Powell’s Congressional testimony
Comex gold eased after rallying to near record high levels buoyed by rising hopes of a Fed pivot in June, fund buying and lingering geopolitical tensions in the Middle East
WTI Crude holds declines and trades near $78/bbl as markets feared a sixth consecutive weekly addition in US stocks after API reported US nationwide inventories rose by 400,000 barrels last week
LME base metals waver as traders look forward to more details around the government’s effort to boost
consumption as central bank Governor Pan Gongsheng is expected to brief
journalists, alongside Commerce and Finance ministry chiefs and
the new top securities regulator today
Today, Fed Chair’s testimony, US private labor report and speeches by Fed officials Neel Kashkari and Mary Daly will be closely watched
