Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
European stock markets edged higher on Monday as investors assessed rising geopolitical tensions and anticipated key central bank decisions. Germany’s DAX and France’s CAC 40 each gained 0.4%, while the UK’s FTSE 100 rose 0.2% by 07:05 GMT.
The Israel-Iran conflict remained in focus after Israel launched large-scale airstrikes on Iranian military and nuclear facilities Friday. Iran responded with retaliatory missile attacks, escalating regional tensions and pushing oil prices sharply higher. However, markets remain relatively stable amid assumptions that Iran will avoid closing the critical Strait of Hormuz, a move that could trigger broader U.S. involvement.
Oil prices rose further on Monday following last week’s 7% jump. Brent crude climbed 1% to $74.97 per barrel, while WTI crude increased 1.1% to $72.05.
Investors are now watching the U.S. Federal Reserve, which meets this week amid rising energy prices, soft labor market data, and persistent inflation. The Fed is expected to hold rates steady at 4.25%-4.50% on Wednesday, but traders will scrutinize guidance for any hints of a potential rate cut in the coming months.
This week also brings decisions from the Bank of Japan, Bank of England, Norges Bank, Riksbank, and Swiss National Bank, with Sweden expected to cut rates and Switzerland possibly returning to negative territory due to a strong franc.
Meanwhile, the G7 summit kicks off in Canada, where leaders will discuss global security, critical mineral supply chains, and jobs. U.S. tariffs and conflicts in Ukraine and the Middle East are expected to dominate the agenda.
In corporate news, Kering may appoint Luca de Meo as CEO, according to Le Figaro, while Entain raised BetMGM’s annual revenue forecast on strong U.S. iGaming and sports betting growth.
