Daily Market Update – June 24, 2025

U.S. Markets – June 23 CloseIndex Level Change % Change S&P 500 6,025.17 +57.20 +0.96% Nasda...

author: Economician

published:Jun 24, 2025 1:23

Reading Time:

4 minutes

category:daily

U.S. Markets – June 23 Close

Index Level Change % Change S&P 500 6,025.17 +57.20 +0.96% Nasdaq Composite 19,630.97 +182.90 +0.94% Dow Jones Industrial Average 42,581.78 +374.87 +0.89% 10-Year Treasury Yield 4.15% –5 bps — U.S. equity futures continued to rise in early trading, with S&P 500 futures up 0.5%, Nasdaq futures +0.7%, and Dow futures +0.4%, reflecting follow-through momentum from the prior session.
The 10-year Treasury yield fell to 4.15%, reflecting demand for safety and expectations of potential Fed easing.
Key U.S. economic data due today includes the FHFA House Price Index, S&P Case-Shiller 20-City Index, Consumer Confidence, and the Current Account Balance.

Federal Reserve Outlook

Chair Jerome Powell is scheduled to deliver semi-annual testimony before Congress at 2:00 PM ET. Investors will scrutinize his tone for any indication of monetary policy shifts.

Market pricing (as reflected in Fed funds futures) indicates a 65% probability of a rate cut in September, with a growing minority expecting a move in July.
FOMC members Bowman and Waller both suggested late Monday they would support a July cut under certain conditions, marking a notable softening in Fed communication.
Additional remarks are expected from New York Fed President John Williams, Cleveland Fed President Beth Hammack, and Boston Fed President Susan Collins.

European Markets

EURO STOXX 50 futures: +1.2%
FTSE 100, DAX, and CAC 40: All trading higher in pre-market, tracking U.S. gains
The ECB is expected to hold steady following Eurozone inflation data showing headline CPI at 2.0%, in line with the central bank’s target.
Scheduled appearances by ECB speakers and Bank of England Governor Andrew Bailey may provide further forward guidance.
The Germany IFO Business Climate Index is due today, providing a read on regional business sentiment.

Asia-Pacific Markets

Index Latest Level Change Notes Nikkei 225 +1.1% +386 pts Strong tech and export-driven rally Hang Seng +1.7% +285 pts China policy optimism aiding sentiment Kospi (South Korea) +2.3% 27-month high Led by chipmakers, easing geopolitical risk MSCI APAC ex-Japan +2.1% — Broad-based rally across the region India

Sensex: +937.65 to 82,812.35
Nifty 50: +254.10 to 25,208.10
INR/USD: Strengthened to 86.10
Indian equities rallied sharply on softer oil prices and a stronger rupee support, alongside a broader emerging market relief rally.