Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
China Inflation Accelerates in August as CPI, PPI Rise 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
China to Inject $45 Billion Into State Financial Institutions 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
South Korea GDP Surges on Chip and AI Boom 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
UK House Prices Fall for First Time Since 2023 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Add as a preferred source on Google
U.S. stock index futures steadied Monday evening after Wall Street saw losses, driven by a tech sell-off ahead of Nvidia’s earnings. Concerns over a slowing U.S. economy and looming trade tariffs under Donald Trump further pressured sentiment.
S&P 500 Futures held at 6,002.50 points, Nasdaq 100 Futures dipped 0.1% to 21,401.0, while Dow Jones Futures edged up 0.1% to 43,578.0.
Tech stocks were the biggest drag, with Nvidia (NASDAQ: NVDA) shedding another 3% as investors took profits after its massive rally. The AI chip leader is set to report earnings Wednesday, with markets closely watching whether demand for AI chips remains robust. However, recent concerns over capital investment in AI, especially following China’s DeepSeek launch, weighed on sentiment.
Microsoft (NASDAQ: MSFT) dropped 1% after TD Cowen reported the company had canceled several data center leases, signaling a potential slowdown in AI and cloud spending. Still, Microsoft and other major AI players plan to invest billions in AI infrastructure through 2025. Apple (NASDAQ: AAPL) also pledged $500 billion over four years to enhance its AI, engineering, and U.S. manufacturing capabilities.
On Monday, Wall Street extended losses amid weak consumer sentiment data and trade war fears. Trump reaffirmed plans to impose 25% tariffs on Mexico and Canada next week, fueling economic uncertainty. The S&P 500 fell 0.5% to 5,983.49, while the Nasdaq slid 1.2% to 19,286.93. The Dow Jones managed a slight gain, closing at 43,461.95.
With Nvidia’s earnings on the horizon and trade tensions escalating, investors remain cautious, awaiting key market signals.
