Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
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Asian markets fell on Tuesday as investors reacted to the U.S.-EU trade deal, which introduced steep tariffs likely to weigh on global growth and inflation. Relief from avoiding harsher measures faded when Europe’s new 15% levy was compared to the previous 1–2% rates before President Donald Trump took office.
European leaders, including those in France and Germany, warned the higher tariffs would drag on growth, sending regional stocks and bond yields lower and pressuring the euro. The common currency slid 1.3% overnight to $1.1592, its steepest drop since May, with support seen at $1.1556. Meanwhile, the U.S. dollar index rose to 98.674, with gains against the yen at 148.63.
Trump further signaled plans for a “world tariff” of 15–20% on non-deal trading partners, potentially the highest rates since the 1930s. JPMorgan economists called the shift a “big shock” to global trade, warning recession risks remain elevated at 40%.
Oil prices extended gains after Trump set a 10–12 day deadline for Russia to progress on ending the Ukraine war or face tougher sanctions. Brent crude held at $70.10 a barrel, while U.S. crude stayed at $66.73.
MSCI’s Asia-Pacific index excluding Japan dropped 0.7%, Japan’s Nikkei fell 0.8%, and Chinese blue chips dipped 0.1%. European futures steadied, with EUROSTOXX 50 up 0.2%. U.S. futures rose modestly ahead of earnings from Apple, Microsoft, and Amazon.
Treasury yields hovered at 4.408% as markets priced in a 97% chance the Federal Reserve will hold rates steady at 4.25–4.5% this week. Attention turns to upcoming U.S. data, including GDP, job openings, and payrolls, which could influence September rate cut expectations. Gold remained flat at $3,316 an ounce.
