Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
U.S. stock index futures edged higher Tuesday evening after the government confirmed upcoming trade negotiations with China, helping offset earlier losses driven by a weak Wall Street session. However, gains were limited ahead of Wednesday’s Federal Reserve policy decision.
By 19:32 ET (23:32 GMT), S&P 500 futures rose 0.7% to 5,665.25, Nasdaq 100 futures gained 0.8% to 20,042.25, and Dow Jones futures increased 0.6% to 41,160.00.
The rebound followed news that U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet China’s Vice Premier He Lifeng in Switzerland on May 8 for formal trade talks. The meeting signals a potential de-escalation after April’s sharp tariff escalation, which had sparked fears of a prolonged U.S.-China trade war and weighed heavily on global economic outlooks. Recent weak economic data from both countries heightened concerns over trade-related headwinds.
Despite the announcement, U.S. President Donald Trump stated earlier he was in “no rush” to finalize any trade deals, although both U.S. and Chinese officials have shown recent openness to dialogue.
Meanwhile, markets await the outcome of the Federal Reserve's two-day meeting. The Fed is expected to keep interest rates unchanged, with investors focused on Chair Jerome Powell’s guidance amid ongoing inflation pressures and political calls for rate cuts. While the Fed reduced rates by 1% in 2024, its 2025 easing outlook remains cautious.
In corporate news, chipmakers were mixed after earnings. Marvell Technology dropped 6% post-market after delaying its investor day. Super Micro Computer declined 4% following weak quarterly results and reduced guidance. Conversely, AMD rose 1.7% after beating Q1 earnings expectations.
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