Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Canada and Germany Advance Major LNG Supply Partnership 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
U.S. stocks closed mixed Tuesday as tech stocks rallied ahead of President Donald Trump’s upcoming tariff announcement. The S&P 500 climbed 0.4%, the NASDAQ rose 0.9%, while the Dow Jones Industrial Average dipped 11 points.
Despite Tuesday’s gains, major indexes posted losses in Q1 2025. The S&P 500 dropped nearly 5%, the NASDAQ plunged over 10%, and the Dow fell about 2%.
President Trump is expected to unveil sweeping reciprocal tariffs at 3:00 p.m. ET on April 2, effective immediately. These may include a flat 20% tariff, a tiered system, or country-specific rates. The move, dubbed “Liberation Day,” includes a 25% tariff on auto imports starting April 3 and ends duty-free exemptions for small packages from China. Goldman Sachs raised its U.S. recession risk to 35%, citing the potential economic hit from tariffs and a projected 15% average tariff rate.
Economic data reinforced investor caution. February’s JOLTS report showed job openings fell to 7.568 million, slightly below expectations and down nearly 900,000 year-over-year. Meanwhile, the ISM Manufacturing Index declined to 49.0 in March, signaling contraction and hitting a four-month low.
Tech stocks led the market, with Tesla gaining 3% ahead of its Q1 delivery update. Analysts expect weak results due to cooling demand, rising competition, and CEO Elon Musk’s political ties to Trump. Brand issues and delays in new model rollouts also weighed on sentiment.
In earnings news, PVH surged 18% after beating Q4 estimates, while Progress Software jumped over 12% on strong results and guidance. Johnson & Johnson dropped 7.6% after a judge blocked its $10B talc settlement plan. Newly public Newsmax soared 183% on Tuesday, continuing its meme stock momentum after a 735% debut.
