Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Asian markets started the week strong, buoyed by a weaker dollar, China's ongoing recovery, and a shift from U.S.-centric trades. Japan's Q4 GDP data, expected to show 1.0% annualized growth, is a key focus, with business investment offsetting weak consumption.
The dollar hit a two-month low due to delays in U.S. tariff implementations, marking its longest losing streak since August. Emerging market currencies are rising against the greenback, except for the Indian rupee. The MSCI Asia ex-Japan index surged 8% over the past month, while Hong Kong's Hang Seng jumped 20%, and its tech index soared 30%.
China's tech giants Baidu, Alibaba, Tencent, and Xiaomi (BATX) have gained 22% since Trump's inauguration, outperforming America's 'Magnificent Seven,' which remained flat. Analysts highlight that BATX's $1 trillion market cap pales in comparison to the Mag Seven's $17 trillion, indicating potential growth if China continues excelling in AI.
Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring deals that could split Intel, further shaking up the global chip industry. Geopolitical tensions in the Russia-Ukraine war remain in focus as French President Macron hosts an emergency European summit, with peace talks seemingly limited to the U.S. and Russia. Prospects of peace are driving oil and the dollar lower while boosting European and Asian stocks.
Key upcoming data include Japan and Thailand's Q4 GDP figures, which could further influence market trends. Investors are keenly watching these developments as Asian markets continue their upward trajectory.
