(23 JUNE 2020)DAILY MARKET BRIEF 1:PMI data in focus.

<p>There is not much happening in the markets. News that new coronavirus cases continue surging, especially in South America, continues to be a cause for concern, which firms demand in technology stocks. There is decreased appetite for cyclical sectors, such as financials and energy. With major central bank announcements behind, it is fair we see a consolidation across the global stock markets. On the US-China trade front, Donald Trump reassured investors that the phase-one deal remains intact after his adviser Peter Navarro caused a short-lived panic in the market as his Fox News interview spread confusion regarding the faith of the trade agreement. US stock futures were flat in the overnight trading session. Most Asian indices were positive, but gains remained limited. FTSE (+0.42%) and DAX futures (+0.99%) hint at a positive start but the thin holiday volumes could lead to a choppy trading session and a lack of a clear market direction. PMI data is what investors are watching at the st</p>