ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
U.S. stock index futures declined Thursday evening after Wall Street's sharp selloff, driven by rising tensions in the U.S.-China trade war. While President Donald Trump postponed global tariffs by 90 days, investor sentiment remained negative due to heightened trade conflict risks.
The White House confirmed China now faces 145% tariffs, sparking fears of further retaliation from Beijing. China responded with 84% tariffs on U.S. goods and pledged to “fight to the end,” fueling uncertainty over the global economic outlook and trade negotiations.
By 8:02 PM ET (00:02 GMT), S&P 500 futures dropped 0.7% to 5,265.0, Nasdaq 100 futures fell 0.9% to 18,304.50, and Dow Jones futures slid 0.7% to 39,520.0. This followed a steep decline on Wall Street, where the S&P 500 fell 3.5% to 5,268.05, the Nasdaq Composite dropped 4.3% to 16,387.31, and the Dow Jones lost 2.5%.
Investors looked past a bigger-than-expected drop in March CPI inflation, as core inflation remained stubbornly high. Concerns also mounted over key U.S. firms heavily exposed to China, including Apple (NASDAQ:AAPL), which plunged 4.2%.
Despite Thursday’s losses, all three major indexes were still on track for their first weekly gain in three weeks, helped by Wednesday’s rally after Trump’s tariff delay announcement.
Attention now turns to Q1 earnings, beginning Friday with results from JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), Bank of New York Mellon (NYSE:BK), and BlackRock (NYSE:BLK). Goldman Sachs (NYSE:GS) will follow on Monday. Markets remain volatile as investors assess the economic fallout of tariffs and how corporate earnings held up amid growing uncertainty.
