US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
The S&P 500 closed higher Tuesday as investors balanced strong earnings with rising US-China trade tensions. The Dow gained 142 points (0.3%), the S&P 500 climbed 0.72%, and the Nasdaq surged 262 points (1.4%).
President Trump postponed 25% tariffs on Canada and Mexico but imposed a 10% duty on Chinese goods, prompting Beijing to retaliate. China imposed tariffs on US coal, LNG, crude oil, and automobiles while restricting rare earth exports, escalating trade war concerns. Beijing also blacklisted PVH Corp (NYSE:PVH) and Illumina (NASDAQ:ILMN) and launched an antitrust probe into Alphabet (NASDAQ:GOOG).
Wall Street remains cautious about Fed rate cuts, with Morgan Stanley now predicting only one in 2025. Meanwhile, earnings reports drove market movements. PepsiCo (NASDAQ:PEP) dropped 4.5% on weak revenue growth, while Spotify (NYSE:SPOT) soared 13.3% on strong Q4 results. Palantir (NASDAQ:PLTR) surged 24% on AI-driven revenue forecasts. Estee Lauder (NYSE:EL) fell 16% due to weak Asian retail sales, and Merck (NYSE:MRK) slipped 9% after pausing Gardasil shipments to China.
All eyes are on Alphabet’s post-market earnings, with investors eager for AI spending updates amid competition from China's DeepSeek.
Oil prices dipped as trade tensions threatened economic growth. WTI crude fell 0.49% to $72.80 per barrel. Despite global concerns, OPEC+ upheld production plans, keeping output cuts in place until April.
Markets remain volatile as earnings and economic policies shape investor sentiment.
