Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
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 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian stock markets moved cautiously on Tuesday, holding within tight ranges as mixed economic signals from China and anticipation of central bank decisions kept investors on edge. Australian shares were flat ahead of the Reserve Bank of Australia’s policy announcement, while broader Asian indexes showed limited momentum despite support from overnight gains on Wall Street’s technology sector. Concerns over a possible U.S. government shutdown and fresh trade tariffs imposed by President Donald Trump on lumber and wood products also weighed on sentiment.
In China, the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose less than 0.2%, while Hong Kong’s Hang Seng slipped slightly. Trading activity was muted before the week-long National Day holiday. Government data showed China’s manufacturing activity contracted for a sixth straight month, with service sector growth also slowing. However, private PMI data told a different story, with RatingDog reporting the sharpest manufacturing expansion in six months alongside robust services growth. Analysts note that the persistent weakness in official PMIs could prompt Beijing to roll out additional stimulus, as previous policy support appeared to be losing momentum.
Australia’s ASX 200 index remained largely unchanged, with traders awaiting the RBA’s rate decision. The central bank is expected to keep interest rates at 3.60%, but investors are closely watching Governor Michele Bullock’s comments for clues on future policy shifts. While inflation remains sticky, signs of economic resilience could delay any further rate cuts this year after 75 basis points of easing already delivered.
Elsewhere, Japan’s Nikkei 225 dipped 0.2% while the TOPIX held flat, pressured by yen strength and weaker-than-expected industrial and retail data. India’s Nifty 50 futures pointed to a flat open ahead of the Reserve Bank of India’s decision on Wednesday. South Korea’s KOSPI edged up 0.1%, Singapore’s Straits Times gained 0.2%, though both South Korean industrial and retail figures fell short of forecasts.
