Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
The euro soared to a five-month high, reaching $1.0947 in New York before stabilizing at $1.0913 in Asia, following Ukraine’s agreement to a month-long ceasefire proposal. European equity futures climbed, with FTSE futures up 0.3%, while Russia’s rouble hit a seven-month high.
Market volatility persisted as U.S. tariff uncertainty fueled concerns over economic slowdown. Wall Street’s S&P 500 slipped 0.8%, nearing a 10% decline from February’s peak, as President Donald Trump threatened then retracted a tariff hike on Canadian steel and aluminium. Investors fear the back-and-forth on trade policies will disrupt economic growth.
Asia-Pacific shares rose 0.2%, with China and Hong Kong markets steady, while Japan’s Nikkei held firm after hitting a six-month low. Meanwhile, travel stocks tumbled after Delta Air Lines halved its profit forecast, with United and American Airlines warning of deteriorating demand. Retailers also struggled—Kohl’s Corp plunged 24%, and Dick’s Sporting Goods fell 5.7% on weak sales reports.
The Canadian dollar hit a one-week low before recovering to C$1.443, ahead of a key central bank meeting where a seventh consecutive rate cut is in focus. The U.S. dollar weakened, Treasuries rallied, and the yen dipped from a five-month high, trading around 148 per dollar. The Australian dollar remained under pressure at 63 U.S. cents, while Brent crude hovered near $70 a barrel.
Investors await U.S. inflation data for February, though its impact from tariffs may be minimal. As uncertainty lingers over global markets, traders closely watch economic indicators and policy shifts that could dictate the next market moves.
