US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Gold Prices Rise as Yen Rally Weakens Dollar 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Asian Stocks Mixed as Korean Chipmakers Rally 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
UK House Prices Fall for First Time Since 2023 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
China Inflation Accelerates in August as CPI, PPI Rise 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
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U.S. stocks closed mixed Wednesday, with the S&P 500 and Nasdaq setting new record highs, fueled by strong tech performance and easing trade tensions following a deal between the U.S. and Vietnam. The Dow Jones dipped slightly, ending 0.02% lower at 44,484.42 but remained within 1.2% of its December record.
Tech giants Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL), and Tesla (NASDAQ: TSLA) led the Nasdaq to a 0.94% gain, closing at 20,393.13. Tesla rose 5% despite reporting a sharp drop in Q2 deliveries, with some analysts noting the decline was less severe than feared. Leveraged ETF TSLL, offering 2x daily exposure to Tesla, saw high trading volume.
The S&P 500 added 0.47%, closing at 6,227.42. The market initially opened lower after weaker-than-expected private payroll data but rebounded after the announcement of 20% tariffs on Vietnamese exports under the new trade deal. Investors welcomed the development, hoping it signals progress in broader trade talks. The Trump administration also hinted at a potential agreement with India.
Investor attention now turns to Thursday’s non-farm payrolls report, released a day early due to the July 4 holiday. Economists expect cooling job growth and a slight uptick in the unemployment rate to 4.3%, which could push the Federal Reserve closer to rate cuts.
Centene (NYSE: CNC) plunged 40% after withdrawing its 2025 earnings outlook, citing a major revenue shortfall in its health insurance plans.
Trading volume reached 16.95 billion shares, just below the 20-day average. Analysts say investor sentiment remains risk-on, driven by hopes of looser monetary policy and improving trade dynamics.
