Good morning and welcome to Markets Desk.
Japan's Nikkei two twenty five is surging two point two percent this session, snapping a brutal three-day losing streak and climbing well above sixty eight thousand two hundred fifty. Technology names are leading the charge, tracking a mixed but ultimately constructive overnight session on Wall Street that gave traders enough confidence to step back in.
Turning to China, the latest inflation data tells a familiar and increasingly structural story. Consumer prices grew at a softer pace in June while producer prices actually firmed, driven by strong export order flow. Investors are cementing a view that China's economy runs on two separate tracks — a powerful export engine alongside persistently weak domestic demand — and that this divergence is no longer a temporary condition but a defining feature.
On the geopolitical front, NATO allies left their summit in noticeably better shape than many had feared. A surprise shift in the Trump administration's posture on Ukraine helped defuse what had been building into a contentious gathering. Allies walked away with security commitments intact and, by at least one account, genuine warmth in the room — a meaningful stabilizer for European defense sentiment and sovereign bond markets watching the alliance closely.
That's the tape. Markets Desk, signing off the floor.
