Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Japan Trade Deficit Narrows as Exports Surge in May 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
China has announced that it would let the Trump administration to make the first strike in the looming trade war between China and the United States. After the Trump administration announced that it would impose tariffs on $50 billion Chinese goods, China promptly announced last month it would retaliate in a similar fashion and announced tariffs $50 billion U.S. goods.
The first tranche of Chinese tariffs on $34 billion U.S. goods was set to go live tomorrow, July 6th. However, China has announced that it would allow the U.S. President to make the first strike and announced measures of its own at a later date.
Since the U.S. tariffs were announced to go live on Friday, China also chose to Friday as the day to strike back. However, as China is 12-time zone ahead of Washington, striking Friday means it would strike first. It is likely that while China allowed the U.S. to go ahead, it would not wait much to retaliate and an action on trade is likely over the weekend.
