U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
The U.S. dollar hovered near multi-year lows on Friday, pressured by expectations of deeper Federal Reserve rate cuts and uncertainty surrounding global trade negotiations ahead of a key July 9 deadline for new tariffs.
Traders are increasingly pricing in dovish shifts from the Fed, with markets now expecting 64 basis points of rate cuts in 2025, up from 46 basis points earlier in the week. Recent congressional testimony from Fed Chair Jerome Powell was seen as more dovish, fueling speculation that President Donald Trump may announce a new Fed Chair as early as September or October—months ahead of Powell’s term ending in May.
Reports suggest Trump is considering replacing Powell to install a more rate-cut-friendly leader. Though no decision is final, such a move could undermine Powell’s authority and introduce volatility into markets, especially if the nominee voices contrasting views.
The dollar index (DXY) was at 97.378, its lowest since March 2022, and is on track for a 2% loss in June—marking six consecutive months of decline. The euro traded at $1.1693 after touching a 2021 high of $1.1745, while the British pound held near $1.3733. The Swiss franc stood at 0.8013, its strongest level in a decade, and the yen slipped slightly to 144.73 per dollar.
Meanwhile, global trade remains in focus. German Chancellor Friedrich Merz urged the EU to pursue a “quick and simple” deal with the U.S., while a White House official confirmed progress with China on accelerating rare earth shipments. These developments come as nations rush to finalize trade agreements before the upcoming U.S. tariff deadline.
The weakening dollar reflects both policy uncertainty and mounting investor concerns over U.S. economic momentum.
