Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
European Stocks Hold Steady as Consumer Shares Rise, AI Tech Selloff Weighs on Markets 
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion 
US Stock Futures Steady as Middle East Tensions and Fed Minutes Keep Investors Cautious 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
The ongoing trade tensions between the United States and China is not bearing well for the U.S. oil companies, which initially witnessed a surge in oil imports from China as the Chinese government worked to please the U.S. President Donald Trump by increasing imports of oil and products in order to reduce the trade deficit.
However, according to data from JODI, after receiving more than 15 million barrels of oil from the United States in June period and receiving 12 million barrels of crude oil in July, Chinese imports of U.S. crude has come to a grinding halt in August for the first time in two years.
This year, the United States and China have imposed tariffs on $360 billion worth of bilateral trade already and the trade tensions are still brewing.
