Canada Retaliatory Tariffs on U.S. Goods Take Effect 
China to Inject $45 Billion Into State Financial Institutions 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Gold Prices Rise as Yen Rally Weakens Dollar 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
South Korea GDP Surges on Chip and AI Boom 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
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U.S. stock index futures climbed on Sunday evening after President Donald Trump announced a delay in the proposed 50% tariffs on the European Union, easing investor concerns and lifting market sentiment. The tariffs are now postponed until July 9 following a "productive" call between Trump and European Commission President Ursula von der Leyen, signaling renewed momentum in U.S.-EU trade talks.
S&P 500 Futures rose 0.8% to 5,865.50, Nasdaq 100 Futures jumped 1% to 21,177.25, and Dow Jones Futures gained 0.7% to 41,972.0 by 20:26 ET. The uptick comes after Friday’s sharp selloff triggered by Trump’s tariff threats, which rattled Wall Street. The S&P 500 had fallen 0.7%, the Nasdaq Composite dropped 1%, and the Dow Jones declined 0.6%.
In addition to trade developments, investor focus this week shifts to Nvidia Corporation (NASDAQ:NVDA), set to report fiscal Q1 earnings on Wednesday. The chipmaker remains a bellwether for the artificial intelligence sector, with analysts watching closely to see if strong AI demand can offset recent U.S. restrictions on chip exports to China, a key Nvidia market.
Despite regulatory hurdles, demand from major AI hyperscalers is expected to have fueled Nvidia's performance. A Reuters report over the weekend revealed Nvidia plans to release a lower-tier AI chip from its Blackwell line tailored for the Chinese market later this year, potentially mitigating lost revenue from export limitations.
With thin trading expected due to the Memorial Day holiday, market momentum hinges on trade negotiations and Nvidia's results, both of which will shape investor outlook in the near term.
