Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
China to Inject $45 Billion Into State Financial Institutions 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Asian Stocks Mixed as Korean Chipmakers Rally 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
UK House Prices Fall for First Time Since 2023 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
China Inflation Accelerates in August as CPI, PPI Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Gold Prices Rise as Yen Rally Weakens Dollar 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
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U.S. stock futures edged lower Thursday evening as investors digested fresh tariff measures announced by President Donald Trump and mixed quarterly earnings from Amazon and Apple. The market also awaited Friday’s key nonfarm payrolls report, following new economic data showing mild inflation and slightly higher jobless claims.
By 20:26 ET, S&P 500 Futures slipped 0.3% to 6,358.50, Nasdaq 100 Futures fell 0.4% to 23,278.75, and Dow Jones Futures dropped 0.2% to 44,227. In Thursday’s regular session, the S&P 500 declined 0.4%, the Dow Jones Industrial Average fell 0.7%, while the NASDAQ Composite closed nearly flat.
Amazon shares plunged over 7% in extended trading after issuing weak operating income guidance and disappointing AWS cloud results, falling short of investor expectations set by rivals’ stronger performances. Conversely, Apple stock gained 2% after beating revenue and earnings forecasts and providing an upbeat outlook for the current quarter.
Investors are also reacting to Trump’s new reciprocal tariffs, set to take effect August 1, ranging from 10% to 41% on imports from multiple countries. The order imposes 25% tariffs on goods from India, 20% on Taiwan, and 30% on South Africa, while raising Canadian tariffs to 35% from 25% over fentanyl-related concerns. A separate 15% tariff was announced earlier on imports from South Korea.
Economic data showed initial jobless claims rose slightly to 218,000 last week, signaling a still-resilient labor market. Meanwhile, June consumer spending increased, and the Personal Consumption Expenditures (PCE) Price Index rose 0.3%, matching forecasts and slightly above May’s 0.2%, providing fresh signals on U.S. inflation trends amid heightened trade tensions.
