Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Oil prices declined for a second straight day as concerns over U.S. tariffs on Canada, Mexico, and China fueled fears of a global economic slowdown, impacting energy demand. Meanwhile, OPEC+ is set to increase oil production, adding further pressure on prices.
Brent crude fell 0.42% to $68.99 per barrel, while U.S. West Texas Intermediate (WTI) dropped 0.55% to $65.67. Market uncertainty surged as U.S. President Donald Trump’s trade policies disrupted global markets. His administration has imposed, delayed, and raised tariffs on major oil suppliers, prompting retaliatory actions from China and Canada. Trump acknowledged the possibility of an economic "transition period" but refrained from predicting a recession.
Investor concerns over slowing demand triggered a sell-off, with the S&P 500 suffering its biggest one-day drop since December 18. The Nasdaq plummeted 4%, marking its steepest decline since September 2022. Analysts fear continued tariff tensions could further weaken economic growth and energy demand.
On the supply side, Russia’s Deputy Prime Minister Alexander Novak confirmed that OPEC+ will boost oil production starting in April, with the possibility of reversing the decision if market conditions warrant. Meanwhile, U.S. crude stockpiles were expected to have risen last week, according to a Reuters poll. Reports from the American Petroleum Institute and the Energy Information Administration are anticipated to provide further insights.
The combination of trade tensions, stock market volatility, and increasing oil supply continues to drive uncertainty in global energy markets, keeping investors on edge.
