Markets remained cautious as the Bank of Japan held rates but signaled possible hikes, while weak data from China weighed on sentiment. Oil prices stayed flat, balancing weak demand with U.S. supply risks. In earnings, Standard Chartered and Lufthansa posted strong results, while Renault reported heavy losses.

Samsung expects new orders after a U.S. tariff deal. U.S. tariffs hit Asia copper stocks, and Indonesia’s trade surplus may shrink. Meanwhile, an F-35 fighter jet crashed in California, with the pilot safely ejecting.

Central Banks & Economy

The Bank of Japan kept its interest rates unchanged but hinted at possible future hikes due to rising inflation and improved GDP expectations. Asian markets were mixed in response, with Japan’s stocks gaining and China’s falling after weak factory activity data. In other developments, India may face a 25% U.S. tariff if a new trade deal isn’t reached soon, which could weigh on its economic growth. South Korea, meanwhile, signed a deal with the U.S. to ease trade tensions, although automaker stocks still declined. Asian currencies remained under pressure due to weak Chinese data and firm expectations from the U.S. Federal Reserve, while the Japanese yen saw slight gains on BOJ's hawkish stance.

Commodities & Energy

Oil prices held steady as markets weighed weak demand signals from China against supply risks from the U.S. A surprise stock build added to concerns about short-term price direction, keeping crude in a narrow range.

Corporate & Earnings

Standard Chartered posted stronger-than-expected second-quarter profits and announced a $1.3 billion share buyback. Lufthansa also beat expectations thanks to lower fuel costs. On the downside, Renault reported a €11.2 billion loss for the first half of the year due to sluggish global demand. Samsung expects increased orders after easing trade tensions, possibly including a deal with Tesla. Denso, a major Toyota supplier, saw profits drop 11% due to rising tariffs and yen strength. Warner Bros Discovery plans to cut 10% of its film division staff as part of a broader restructuring effort.

Industry & Trade

Asia-Pacific copper stocks dropped sharply following the announcement of new 50% U.S. tariffs. Investors are reacting cautiously to the potential impact on raw material costs. Meanwhile, Indonesia's trade surplus is expected to narrow for June, driven by rising import levels.