{"id":63970,"date":"2026-06-29T22:38:27","date_gmt":"2026-06-30T02:38:27","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-india-us-trade-nears-finality-as-china-factory-growth-surpasses-expectations\/63970\/"},"modified":"2026-06-29T22:38:27","modified_gmt":"2026-06-30T02:38:27","slug":"global-markets-india-us-trade-nears-finality-as-china-factory-growth-surpasses-expectations","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-india-us-trade-nears-finality-as-china-factory-growth-surpasses-expectations\/63970\/","title":{"rendered":"Global Markets: India-US Trade Nears Finality as China Factory Growth Surpasses Expectations"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The India-US trade deal has reached its final stage<\/strong>, with US Ambassador Sergio Gor confirming that negotiators are working on the <strong>last 1-2%<\/strong> of the agreement.<\/li>\n<li><strong>China\u2019s manufacturing activity unexpectedly accelerated in June<\/strong>, with the official PMI rising to <strong>50.3<\/strong>, driven by a surge in demand for high-tech exports and AI-related hardware.<\/li>\n<li><strong>A critical liquidity indicator for U.S. stocks has turned negative<\/strong> for the first time since 2021, signaling potential downside pressure for risk assets over the next six months.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) is facing a Federal Court challenge in Australia<\/strong> over allegations that it used &quot;unfair&quot; contract terms to introduce advertising to its Prime Video service.<\/li>\n<li><strong>Warren Buffett has paused his multi-billion dollar annual donation to the Gates Foundation<\/strong>, citing a pending review into the foundation&#39;s historical ties to Jeffrey Epstein.<\/li>\n<\/ul>\n<hr>\n<h2>Trade and Geopolitics<\/h2>\n<p>The long-awaited <strong>India-US trade agreement<\/strong> is on the verge of completion. US Ambassador to India, <strong>Sergio Gor<\/strong>, announced that the pact is in its &quot;last 1-2%&quot; of negotiations, with both sides currently finalizing legal language. This deal, which has been under development for 18 months, is expected to significantly boost bilateral investment, which has already seen <strong>$20.5 billion<\/strong> in new brand-name investments into the US this year.<\/p>\n<p>In the South China Sea, tensions remain high as the <strong>China Coast Guard<\/strong> reported increased patrols around the <strong>Scarborough Shoal<\/strong>. Authorities stated they have taken action against foreign vessels involved in &quot;illegal rights-violation activities&quot; in what China claims as its territorial waters. These maneuvers continue to draw scrutiny from regional neighbors and international observers.<\/p>\n<h2>Economic Indicators and Monetary Policy<\/h2>\n<p><strong>China\u2019s factory activity<\/strong> grew faster than anticipated in June, providing a rare bright spot for the world&#39;s second-largest economy. The official <strong>Purchasing Managers&#39; Index (PMI)<\/strong> reached <strong>50.3<\/strong>, beating the <strong>50.1<\/strong> forecast. Analysts attribute this growth to robust global demand for <strong>high-tech exports<\/strong> and renewable energy equipment, even as domestic consumer demand remains sluggish.<\/p>\n<p>In currency markets, the <strong>Japanese Yen<\/strong> continues to weaken amid speculation that the Japanese government may push back against <strong>Bank of Japan (BOJ)<\/strong> interest rate increases. Meanwhile, the <strong>G10 Excess Liquidity Leading Indicator<\/strong> has flashed a &quot;red&quot; signal for the first time since the 2021 inflation shock. Historically, this indicator leads the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>)<\/strong> by approximately six months, suggesting a tightening environment for global risk assets.<\/p>\n<h2>Equities and Corporate Developments<\/h2>\n<p>Taiwanese markets saw a massive rally, with the <strong>Taiwan stock index<\/strong> jumping <strong>3.3%<\/strong> to reach a record <strong>46,499.02 points<\/strong>. The surge was largely driven by the global AI boom, which has benefited Taiwan&#39;s semiconductor and tech manufacturing sectors. In contrast, <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> is under fire in Australia, where the <strong>ACCC<\/strong> has initiated court proceedings over Prime subscription terms that allegedly forced ads onto users without offering pro-rata refunds.<\/p>\n<p><strong>Warren Buffett<\/strong> has made headlines by delaying his customary mid-year donation to the <strong>Gates Foundation<\/strong>. The billionaire chairman of <strong>Berkshire Hathaway (<a href=\"\/stock\/BRK.A\">BRK.A<\/a>)<\/strong> is reportedly awaiting the findings of an external review regarding the foundation&#39;s past communications with Jeffrey Epstein. This marks a significant pause in one of the world&#39;s most consistent philanthropic giving patterns.<\/p>\n<h2>Energy and Fixed Income<\/h2>\n<p><strong>WTI <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Crude Oil<\/a><\/strong> prices fell toward <strong>$70 per barrel<\/strong> following conflicting signals regarding potential diplomatic talks between the US and Iran. Market participants are closely monitoring these developments for any signs of increased global supply. In the bond market, <strong>South Korea<\/strong> successfully issued <strong>30-year treasury bonds<\/strong> at a yield of <strong>4.370%<\/strong>, reflecting the current high-interest-rate environment across major Asian economies.<\/p>\n<p>Finally, in the energy transition sector, Japanese utility giant <strong>JERA<\/strong> signed a Memorandum of Understanding with the <strong>Electricity Generating Authority of Thailand<\/strong>. The partnership aims to develop <strong>hydrogen and ammonia<\/strong> value chains, highlighting the continued push for decarbonization in Southeast Asia&#39;s industrial sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The India-US trade deal has reached its final stage, with US Ambassador Sergio Gor confirming that negotiators are 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