China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY859.05 billion, widen from the previous figure of CNY723.98 billion.Exports surge 20.8% year-over-year (YoY) in June from a 13.8% increase seen in May.

China Trade Balance CNY climbed from previous 723.98B to 859.05B in June

China Trade Balance USD above forecasts ($121B) in June: Actual ($125.62B)

China Exports (YoY) CNY increased to 20.8% in June from previous 13.8%

China Imports (YoY) came in at 36%, above expectations (24%) in June

China Exports (YoY) above expectations (18.2%) in June: Actual (27%)

The United States Central Command (CENTCOM) said on Tuesday that US forces complete new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East, Reuters reported.

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the government may consider a pension asset allocation tweak if the environment changes.

Australia National Australia Bank's Business Conditions remains unchanged at 3 in June

Australia National Australia Bank's Business Confidence up to -5 in June from previous -14

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.

Australia Westpac Consumer Confidence rose from previous -2.9% to 83.9% in July

Singapore Gross Domestic Product (QoQ) in line with expectations (1.1%) in 2Q

Singapore Gross Domestic Product (YoY) registered at 5.7% above expectations (5.5%) in 2Q

Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term. 

Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence.

OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).

OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for the Malaysian Ringgit (MYR).

New Zealand NZIER Business Confidence (QoQ): 8% (2Q) vs -4%

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the next 1–3 weeks, they expect range trading between 6.7700 and 6.8100.

OCBC strategists Sim Moh Siong and Christopher Wong observe that USD/SGD has turned slightly softer, tracking Renminbi (RMB) gains as the Dollar consolidates. They see risks skewed to the downside, with support at 1.29 and 1.2840 and resistance at 1.2980.

DBS Group Research, led by Ma Tieying, assesses Taiwan’s AI-driven expansion and its implications for the 2H26 outlook. The bank notes that AI remains central for Taiwan’s technology-oriented economy and that the AI supercycle is nearing a peak.

Commerzbank’s Dr. Henry Hao and Moses Lim note that Bank Negara Malaysia (BNM) kept the OPR at 2.75% for a sixth straight meeting, maintaining a cautious tone on global risks. Growth is still expected within a 4–5% range, with inflation contained.

OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH dipped after a stronger USD/CNY fix below 6.80, the first such level since February 2023. They read this as policymakers being comfortable with further RMB appreciation while managing the pace.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD opened stronger after a quiet prior session, with upward momentum tentatively building but still facing resistance around 1.2945–1.2955. For the next 1–3 weeks, they keep its view that USD/SGD will trade between 1.2890 and 1.2990.

United States Monthly Budget Statement came in at $-120B, above forecasts ($-132.8B) in June

TradingKey — As declarações mais recentes do diretor do Federal Reserve, Christopher Waller, enviaram um claro sinal hawkish, afirmando que se o núcleo da inflação continuar elevado, o Fed não descart

BNY’s Geoff Yu highlights that Emerging Markets (EM) equity positioning is heavily skewed toward South Korea and Taiwan, with the rest of EM seeing historically low allocations. China’s weakness and poor EM data have already driven valuations to price in disinflation and weak growth.

United States (US) President Donald Trump announced that the Strait of Hormuz is open and will remain accessible to international shipping “with or without Iran,” while outlining a new US-led security arrangement for the strategic waterway.

Danske Research Team reports that overall consumer spending excluding energy in June was broadly unchanged on the month, with real spending up 4.3% year-on-year. Real retail spending on goods rose, particularly in larger consumer categories, while service spending generally declined.