Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
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.
