UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
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U.S. stock index futures edged higher in early Asian trading Tuesday, clawing back some losses after a sharp Wall Street sell-off triggered by former President Donald Trump’s renewed criticism of Federal Reserve Chair Jerome Powell. Trump’s call for “preemptive” interest rate cuts and his past demands for Powell’s removal raised fresh concerns about the Fed’s independence. Powell’s current term runs until May 2026, and any removal attempt remains uncertain.
S&P 500 Futures rose 0.4% to 5,205.0, Nasdaq 100 Futures gained 0.4% to 17,996.50, and Dow Jones Futures were up 0.3% to 38,455.0 by 21:00 ET (01:00 GMT). The gains come after Monday’s steep declines, where the S&P 500 lost 2.4%, the Nasdaq fell 2.6%, and the Dow dropped 2.5%, amid ongoing uncertainty over Trump’s tariff agenda.
Investors remain cautious ahead of key tech earnings, with Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) set to report this week. Tesla is expected to post a weak quarter due to declining deliveries, limited new models, and political backlash surrounding CEO Elon Musk. Alphabet’s results are anticipated to shed light on artificial intelligence (AI) investment trends.
Skepticism around the AI boom resurfaced after reports that Amazon Web Services paused data center leasing discussions, echoing Microsoft’s earlier move. This uncertainty weighed on AI chip leader Nvidia (NASDAQ:NVDA), which slipped 0.6% in after-hours trading following a 4.5% drop on Monday.
With Trump’s tariff threats and Powell criticism fueling market volatility, investors are watching upcoming earnings closely for direction, especially from tech giants expected to lead future growth narratives.
