Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
U.S. stock index futures climbed on Monday evening after President Donald Trump postponed his proposed 50% tariffs on the European Union until July 9, easing market tensions. The move followed a constructive call with EU President Ursula von der Leyen and promises of renewed trade negotiations. While trading volumes remained low due to the Memorial Day holiday, investor sentiment improved after Friday’s selloff.
S&P 500 Futures rose 1.1% to 5,879.25, Nasdaq 100 Futures gained 1.3% to 21,236.50, and Dow Jones Futures advanced nearly 1% to 42,069.0 by 19:11 ET (23:11 GMT). The relief rally came after sharp declines last week, with the S&P 500, NASDAQ, and Dow Jones losing 0.7%, 1%, and 0.6%, respectively.
Despite the positive news, markets remain cautious. Trump also threatened to impose tariffs on Apple Inc. (NASDAQ:AAPL) and other smartphone imports, pushing Apple shares down 3% on Friday. His push for domestic manufacturing and “reciprocal” tariffs continues to inject uncertainty into global trade dynamics.
Meanwhile, investor focus shifts to Nvidia Corporation (NASDAQ:NVDA), set to release its Q1 earnings after the bell on Wednesday. Nvidia, seen as a leading indicator for AI industry trends, is expected to post strong results, fueled by continued spending from major AI hyperscalers. The earnings will be closely watched for insights into the AI chip market’s momentum and Nvidia’s strategy amid tightening U.S. export controls affecting its China operations.
Nvidia’s report could provide direction for the broader tech sector, already heavily influenced by AI-related optimism. Traders are eyeing whether the chip giant can maintain its growth trajectory amid rising geopolitical and regulatory challenges.
