Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Canada and Germany Advance Major LNG Supply Partnership 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
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.
