Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Asian markets steadied on Tuesday as traders awaited an expected rate cut by Australia's central bank and key earnings from Chinese companies. The Australian dollar hovered near a two-month high, with markets pricing in an 89% chance of a 25-basis-point cut. Japan's Nikkei rose 0.3%, while S&P 500 futures gained 0.2% and European futures remained flat.
Overnight, Europe's STOXX 600 index climbed 0.5%, driven by a 4.6% surge in defense and aerospace stocks, reaching record levels due to increased defense spending amid the Ukraine conflict. Investors anticipate strong earnings growth in the sector, labeled a "supercycle" by analysts. European banks also rose 1%, hitting 17-year highs amid rising bond yields.
French President Emmanuel Macron hosted an emergency summit on Ukraine, while Britain expressed readiness to send peacekeeping troops. U.S. and Russian officials prepared for talks in Saudi Arabia, though Ukraine's President Zelenskiy rejected any decisions made without Ukraine's involvement.
Chinese markets rose after President Xi Jinping met with business leaders, though Baidu shares steadied after a previous slide. BHP shares rose 0.6% despite reporting its lowest first-half profit in six years, citing signs of China's economic recovery. Alibaba will report earnings later this week.
The euro hovered below $1.05, the yen was firm at 151.74, and the pound traded near a two-month high at $1.26033. Gold eased from record highs at $2,895 an ounce, while Brent crude held steady at $75.16. OPEC+ is considering delaying supply increases despite calls from former U.S. President Trump to lower prices. Key global business activity data and German elections are also in focus this week.
