Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
U.S. stock futures edged higher Thursday night after a sharp decline on Wall Street, driven by Nvidia’s steep losses despite strong earnings. Investors remain cautious ahead of the upcoming PCE inflation report.
S&P 500 Futures rose 0.2% to 5,888.75, Nasdaq 100 Futures climbed 0.4% to 20,678.25, and Dow Jones Futures inched up 0.1% to 43,331.0. Nvidia (NASDAQ: NVDA) plunged 8.5% to $120.15, despite beating earnings estimates, as concerns over narrowing margins and AI chip market challenges weighed on sentiment. Increased production costs tied to the Blackwell chip rollout fueled investor worries.
Tech stocks followed Nvidia’s downturn, dragging the Nasdaq Composite 2.8% lower to 18,544.52. The S&P 500 lost 1.6% to 5,861.70, while the Dow dipped 0.4%. Broadcom (NASDAQ: AVGO) slid 7.1%, and AMD (NASDAQ: AMD) fell 5%. Salesforce (NYSE: CRM) dropped over 4% after issuing a weak revenue forecast.
Economic data signaled a slowdown, with initial jobless claims rising amid layoffs and winter weather disruptions. The U.S. GDP grew at a slower 2.3% annual rate in Q4, down from 3.1% in Q3. Weak services PMI and consumer sentiment data strengthened expectations for 2025 rate cuts, though the Fed is likely to hold rates steady for now.
Investors now await the Fed’s preferred inflation gauge, the PCE price index, set for release Friday. Analysts forecast a 0.3% monthly increase and a 2.5% year-over-year rise, indicating a slowdown in inflation. However, persistent high costs in housing and healthcare continue to pressure consumers.
