Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
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.
