Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
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.
