AUSTRALIA DATA: Core Inflation Moderating Towards Band Mid-Point

Headlines have crossed that Canada will rescind its digital services tax in order advance trade talks with the US. 

• Bloomberg notes: "- Canadian Minister of Finance and National Revenue François-Philippe Champagne says that Canada would rescind the Digital Services Tax in anticipation of a mutually beneficial comprehensive trade arrangement with US, according to a statement."
• Other headlines indicate that trade talks will resume, with a dealing looking to be reached by July 21 between the two countries.
• This follows Trump's announcement towards the end of last week that trade talks between the two countries would be ended due to the digital services tax.
• USD/CAD is down modestly on these headlines, last near 1.3670. Session highs today were at 1.3700.  

Taiwan has $5.1bn of Inflows in Four Trading Days. 

• South Korea: Recorded outflows of -$795m Friday, bringing the 5-day total to -$1,354m. 2025 to date flows are -$8,875. The 5-day average is -$271m, the 20-day average is +$110m and the 100-day average of -$87m.
• Taiwan: Had inflows of +$1,194m Friday, with total inflows of +$4,836 m over the past 5 days. YTD flows are negative at -$5,775. The 5-day average is +$967m, the 20-day average of +$256m and the 100-day average of -$45m.
• India: Had inflows of +$1,243m as of the 26th, with total inflows of +$1,522m over the past 5 days.  YTD flows are negative -$8,915m.  The 5-day average is +$304m, the 20-day average of +$51m and the 100-day average of -$21m.
• Indonesia: Had inflows of +$125 as of the 26th with total outflows of -$172m over the prior five days.  YTD flows are negative -$3,215m.  The 5-day average is -$34m, the 20-day average -$20m and the 100-day average -$30m.
• Thailand: Recorded outflows of -$35m yesterday, with inflows totaling +$106m over the past 5 days. YTD flows are negative at -$2,340m. The 5-day average is +$21m, the 20-day average of -$32m and the 100-day average of -$21m.
• Malaysia: Recorded inflows as of +$34m as of 26th, totaling -$39m over the past 5 days. YTD flows are negative at -$3,745m. The 5-day average is +$2m, the 20-day average of -$23m and the 100-day average of -$21m.
• Philippines: Recorded no flows Friday, with net outflows of -$20m over the past 5 days. YTD flows are negative at -$596m. The 5-day average is -$4m, the 20-day average of -$18m the 100-day average of -$5m.

• CANADA SAYS RESCINDING DIGITAL TAX TO ADVANCE US TRADE TALKS
• FINANCE MINISTER SAYS TRUMP, CARNEY AIM FOR DEAL BY JULY 21