Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
U.S. stock index futures edged lower Tuesday evening, extending Wall Street's losses after June inflation data came in slightly above expectations and renewed fears over President Donald Trump’s aggressive trade policies.
S&P 500 Futures declined 0.3% to 6,268.0, Nasdaq 100 Futures dropped 0.3% to 22,991.50, and Dow Jones Futures slipped 0.2% to 44,147.0 by 19:26 ET (23:26 GMT). Earlier, the S&P 500 and Nasdaq briefly hit record highs but retreated as sticky inflation and tariff threats weighed on investor sentiment. The S&P 500 ended down 0.4%, while the Dow slid 1%. The Nasdaq rose 0.2%, bolstered by tech gains.
June’s consumer price index signaled persistent inflation pressures, sparking concerns the Federal Reserve may hold interest rates steady for longer. Investor anxiety was amplified by Trump’s renewed threat of 200% tariffs on pharmaceutical imports by month-end, alongside a 30% tariff on goods from Mexico and the European Union. The EU signaled potential retaliatory measures targeting U.S. industries like autos and alcohol.
Bank earnings failed to lift the mood, despite JPMorgan, Citigroup, and Wells Fargo surpassing Q2 profit expectations. JPMorgan CEO Jamie Dimon warned of rising economic risks from tariffs and fiscal challenges. JPMorgan stock dipped 1%, and Wells Fargo tumbled over 6% after cutting its net interest income forecast. Citi shares surged 5% on a $4 billion buyback, hitting a near 17-year high.
Investors now await Q2 earnings from Bank of America, Goldman Sachs, Morgan Stanley, Johnson & Johnson, and chipmaker ASML. Later this week, reports from Taiwan Semiconductor, Netflix, and GE Aerospace are also expected to influence market direction.
Persistent inflation, cautious bank outlooks, and tariff escalation continue to drive market volatility as earnings season heats up.
