European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Gold Prices Rise as Yen Rally Weakens Dollar 
China to Inject $45 Billion Into State Financial Institutions 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
South Korea GDP Surges on Chip and AI Boom 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
UK House Prices Fall for First Time Since 2023 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
China Inflation Accelerates in August as CPI, PPI Rise 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
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U.S. stock index futures edged lower Tuesday evening after a federal appeals court ruled that President Donald Trump’s tariffs could remain in effect, dampening optimism over a legal challenge to block the duties. The decision adds uncertainty to an already fragile market sentiment, with investors closely watching developments in U.S.-China trade relations.
Futures had briefly turned positive after U.S. and Chinese officials said they had reached a consensus on a trade framework following talks in London. However, the lack of concrete details on key issues like chip export restrictions and rare earth mineral trade kept markets cautious. The framework, tied to a May Geneva deal, now awaits approval from Trump and Chinese President Xi Jinping.
By 20:52 ET (00:52 GMT), S&P 500 Futures fell 0.2% to 6,034.0, Nasdaq 100 Futures declined 0.2% to 21,918.0, and Dow Jones Futures dropped 0.2% to 42,838.0.
The appeals court decision upholding Trump’s "liberation day" tariffs reinforces one of his signature economic policies, despite growing concerns over their long-term economic impact. Recent data shows slowing growth, with both consumers and businesses wary of policy instability and trade tensions.
Meanwhile, Wall Street closed higher on Tuesday, lifted by optimism over improved U.S.-China ties. The S&P 500 climbed 0.6% to 6,038.81, near record highs. The Nasdaq Composite rose 0.6% to 19,714.99, while the Dow Jones gained 0.3% to 42,866.87. Tech stocks, including Nvidia (NASDAQ: NVDA), led gains on expectations that chip restrictions may ease.
All eyes now turn to Wednesday’s Consumer Price Index (CPI) release, with forecasts suggesting a slight rise in inflation. Persistent inflation could pressure the Federal Reserve to maintain higher interest rates, influencing future market direction.
