Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
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.
