Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
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 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Canada’s main stock index rebounded sharply Wednesday after U.S. President Donald Trump’s unexpected tariff rollback eased fears of a global trade war. The Toronto Stock Exchange’s S&P/TSX Composite Index surged 1,220 points, or 5.4%, recovering from four straight days of losses. The S&P/TSX 60 Index also climbed 69 points, or 5.1%.
Earlier in the day, over 180 countries were hit with steep reciprocal tariffs, including 46% on Vietnam, 24% on Japan, and 32% on Taiwan. However, Trump later reduced tariffs to 10% for most countries for 90 days, offering a window for trade negotiations. China, facing higher tensions, saw its tariff rate rise from 104% to 125% after it imposed new duties on U.S. goods.
Wall Street also rallied. The Dow Jones soared 2,962.9 points (7.9%)—its first time crossing 3,000 points in a single day. The S&P 500 jumped 474 points (9.5%), its best performance since 2008, while the NASDAQ surged 1,857 points (12.2%), marking its second-largest gain on record. This rebound followed a sharp four-day decline where the Dow lost over 4,500 points, and the Nasdaq dropped more than 13%.
Oil prices, which had fallen to four-year lows amid escalating trade tensions, reversed course. Brent crude rose 2.9% to $65.72, and WTI climbed 0.5% to $63.04. Despite this rebound, oil remains down nearly 20% since April 2.
Gold, typically a safe haven, edged lower as investors shifted back to equities. Spot gold dipped 0.2% to $3,078.32 an ounce, while futures fell 0.3% to $3,092.12.
The easing of tariff pressures sparked investor optimism and restored confidence across global markets.
