Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Trump Questions USMCA Renewal as Trade Talks Continue 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Asian shares edged lower on Tuesday, while U.S. stock futures rose after President Donald Trump postponed a planned 50% tariff on EU imports, extending the deadline to July 9. The delay boosted risk sentiment, driving Nasdaq futures up 1.26%, S&P 500 futures up 1.11%, and FTSE futures up 0.94%.
Japan’s Nikkei slipped 0.15%, and yields on super-long Japanese government bonds fell from recent highs. MSCI’s Asia-Pacific index excluding Japan dipped 0.17%, while China’s CSI300 dropped 0.06%, the Shanghai Composite was flat, and Hong Kong’s Hang Seng Index declined 0.1%.
Markets were thin following Monday’s U.S. and UK holidays. Investors are now eyeing Nvidia’s Q1 earnings report on Wednesday, where the AI chipmaker is expected to post a 65.9% revenue jump. Month-end portfolio rebalancing and U.S. macroeconomic data—especially Friday’s core PCE price index—also remain in focus, alongside several upcoming speeches from Federal Reserve officials.
In currency markets, the U.S. dollar struggled and was on track for a fifth consecutive monthly loss—its longest losing streak since 2017. The euro traded near a one-month high at $1.14035, and the yen strengthened to 142.18 per dollar. Analysts attribute the dollar’s weakness to erratic U.S. trade policy, ballooning fiscal deficits, and waning safe-haven appeal.
Gold prices, benefiting from dollar weakness, reached record levels earlier this year but slipped 0.28% to $3,332.91 per ounce.
Meanwhile, oil prices dipped slightly ahead of the upcoming OPEC+ meeting. Brent crude futures eased 0.1% to $64.67 a barrel, while U.S. WTI crude dropped 0.16% to $61.43.
Investor attention is also on the Bank of Japan’s two-day conference in Tokyo, where global central bankers are discussing sluggish growth and persistent inflation.
