BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
U.S. stock index futures dipped Sunday night as fears of a deepening global trade war resurfaced. President Donald Trump announced sweeping 30% tariffs on imports from Mexico and the European Union, expanding his aggressive tariff agenda following similar levies on Canada, Japan, South Korea, and Brazil.
By 7:17 p.m. ET, S&P 500 Futures dropped 0.4% to 6,274.0, Nasdaq 100 Futures slipped to 22,859.0, and Dow Jones Futures fell 0.4% to 44,417.0. The pullback reflects growing concerns over inflationary pressure and market volatility ahead of key U.S. economic data.
The tariffs, effective August 1, give targeted nations a brief window to negotiate exemptions. Trump, who delayed the initial deadline from July 9, confirmed ongoing talks with the EU and South Korea aimed at averting the new levies.
These trade measures have pushed U.S. customs duty collections to a record $113.3 billion in the first nine months of fiscal 2025, with Treasury Secretary Scott Bessent projecting $300 billion by year-end. However, economists warn the tariffs are ultimately paid by U.S. importers, who may pass costs to consumers, stoking inflation.
Wall Street has already reacted. On Friday, the S&P 500 fell 0.3% to 6,259.75, the NASDAQ dropped 0.2%, and the Dow shed 0.6% to 44,371.51.
Markets now await June’s CPI inflation report, due Tuesday, to assess the direct impact of tariffs on consumer prices. Both headline and core inflation are expected to rise. The Federal Reserve has flagged trade tensions as a source of inflation risk and uncertainty, justifying its cautious stance on rate cuts—despite Trump’s repeated calls for lower rates and criticism of Fed Chair Jerome Powell.
