ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Inflation Accelerates in August as CPI, PPI Rise 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
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U.S. stock indexes closed lower Monday but rebounded from earlier steep losses after President Donald Trump delayed new tariffs on Mexico. Trump granted a one-month pause after Mexico agreed to deploy 10,000 National Guard troops to curb illegal drug trafficking, especially fentanyl.
Over the weekend, Trump had announced 25% tariffs on Mexico and Canada and 10% on China, warning of short-term economic pain. Analysts fear prolonged tariffs could further pressure markets and drive inflation. The Dow Jones fell 122.75 points (0.28%) to 44,421.91, while the S&P 500 lost 45.96 points (0.76%) to 5,994.57, and the Nasdaq dropped 235.49 points (1.2%) to 19,391.96. Defensive sectors like healthcare and consumer staples gained, while tech and consumer discretionary stocks lagged.
Automakers, hit hard by tariff concerns, recouped some losses, with Ford slipping 1.9% and GM dropping 3.2%. The Cboe Volatility Index spiked before settling at 18.6. Meanwhile, AI-driven market disruptions persisted, with Nvidia sliding 2.8% as semiconductor stocks dipped 1.8% following concerns over Chinese AI startup DeepSeek’s breakthrough.
The small-cap Russell 2000 index briefly touched a three-week low before closing down 1.3%. Investors sought safety in bonds and gold, pushing spot gold to a record high. Treasury yields edged lower.
Earnings season continued, with Tyson Foods rising 2.2% after an upbeat sales forecast and IDEXX Laboratories surging 11.1% on strong earnings. Economic data showed U.S. manufacturing expanded for the first time in two years.
Declining stocks outnumbered advancers by a 2.18-to-1 ratio on the NYSE and 2.37-to-1 on the Nasdaq. Trading volume reached 16.34 billion shares, above the 20-day average of 15.57 billion.
