IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
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.
