Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Gold Prices Rise as Yen Rally Weakens Dollar 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Asian Stocks Mixed as Korean Chipmakers Rally 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China to Inject $45 Billion Into State Financial Institutions 
South Korea GDP Surges on Chip and AI Boom 
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U.S. stock index futures remained largely unchanged Wednesday night as investors weighed mixed tech earnings and escalating U.S.-China trade tensions. Wall Street saw modest gains during the session, supported by easing Treasury yields.
NVIDIA (NASDAQ: NVDA) led a rally in chip stocks, offsetting Alphabet’s (NASDAQ: GOOGL) sharp 7% drop after weaker-than-expected cloud revenue. The S&P 500 Futures held at 6,088.0 points, while Nasdaq 100 Futures dipped to 21,758.75 points. Dow Jones Futures remained flat at 45,011.0 points.
Stocks climbed as purchasing managers index data signaled a cooling U.S. economy, fueling speculation that the Federal Reserve might ease rates. However, fresh U.S. tariffs on China and Beijing’s retaliation kept markets uneasy. Apple (NASDAQ: AAPL) slipped on reports of a Chinese probe into its App Store.
Wall Street closed higher, with the Dow up 0.7% to 44,873.22 points, the S&P 500 gaining 0.4% to 6,061.47, and the Nasdaq Composite rising 0.2% to 19,692.33. Meanwhile, strong ADP nonfarm employment data stoked fears of a robust jobs report that could delay rate cuts.
Chipmakers Qualcomm (NASDAQ: QCOM) and Arm Holdings (NASDAQ: ARM) saw steep declines after issuing underwhelming forecasts. Qualcomm dropped over 4% as it projected no revenue growth in 2025 following its expired Huawei licensing deal. Arm slid more than 6% after its earnings outlook merely matched Wall Street expectations, dampening hopes for AI-driven demand.
Investor attention now turns to Amazon’s (NASDAQ: AMZN) upcoming earnings and the official nonfarm payrolls report for further market direction.
