Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China to Inject $45 Billion Into State Financial Institutions 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
UK House Prices Fall for First Time Since 2023 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Gold Prices Rise as Yen Rally Weakens Dollar 
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U.S. stock index futures edged higher Tuesday evening following President Donald Trump's announcement of a trade agreement with Japan, which included a 15% tariff on Japanese exports to the U.S. The move, while lighter than the initially proposed 25%, signals ongoing progress ahead of the August 1 tariff deadline. Trump also revealed Japan’s commitment to invest $550 billion in the U.S. and open its markets further to American cars and agriculture, including rice.
The trade news helped support sentiment after a mixed Wall Street session. While the S&P 500 reached a new record high at 6,309.59, gains were muted by losses in major technology stocks. The Nasdaq Composite dropped 0.4% to 20,892.69, pressured by chipmakers after Texas Instruments (NASDAQ:TXN) issued a disappointing quarterly outlook. Meanwhile, the Dow Jones Industrial Average rose 0.4% to 44,502.19.
Futures reflected modest optimism: S&P 500 Futures rose 0.2% to 6,358.50, Nasdaq 100 Futures gained 0.1% to 23,249.0, and Dow Futures added 0.2% to 44,795.0 as of 00:03 GMT.
Investors are now awaiting Q2 earnings reports from Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) due after the bell Wednesday. Tesla’s report is expected to show margin pressure due to weak vehicle sales and a price war in China. Market watchers are also eager for updates on Tesla’s AI and robotics ventures. Alphabet’s results will offer insight into AI-driven growth and the company’s infrastructure investments, as it remains a key player in the AI hyperscaler space.
Additional earnings are expected from IBM (NYSE:IBM), ServiceNow (NYSE:NOW), AT&T (NYSE:T), NextEra Energy (NYSE:NEE), and Moody’s (NYSE:MCO), providing broader cues for market direction. Traders remain cautious amid lingering concerns about trade policy and inflation risks.
