U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
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.
