South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
U.S. stock futures showed little movement on Wednesday evening after Wall Street closed lower, with investors awaiting crucial economic data that could shape the Federal Reserve’s policy outlook. By 20:18 ET (00:18 GMT), S&P 500 futures rose 0.1% to 6,701.0 points, Nasdaq 100 futures gained 0.1% to 24,768.75 points, and Dow Jones futures added 0.1% to 46,504.0 points.
In regular trading, major indexes slipped as technology stocks weighed on sentiment. The S&P 500 and Nasdaq Composite fell 0.3% each, while the Dow Jones Industrial Average dropped 0.4%. The weakness came as investors grew cautious ahead of weekly jobless claims and the Personal Consumption Expenditures (PCE) inflation report, the Fed’s preferred measure of price growth.
Federal Reserve Chair Jerome Powell, speaking earlier in the week, reiterated that there is “no risk-free path” in balancing inflation and labor market risks. He also warned that asset prices remain “fairly highly valued” and cautioned against assuming recent inflation progress ensures a smooth decline toward the Fed’s 2% target. His remarks reinforced expectations that the central bank will remain cautious in shifting monetary policy.
Markets are now focused on Thursday’s release of jobless claims, expected to show 233,000 initial claims for the week ended Sept. 20, slightly above the prior week’s 231,000. On Friday, the August PCE price index is forecast to reveal core inflation at 2.9% year-on-year, still above the Fed’s goal.
Meanwhile, sector performance highlighted ongoing market volatility. AI-related stocks including Nvidia and Oracle extended declines for a second day, while Micron Technology slipped despite reporting strong demand from artificial intelligence developers. In contrast, Intel surged over 6% following reports it approached Apple regarding a potential investment, offering a bright spot in the otherwise subdued session.
With key economic data ahead, investors remain reluctant to take big positions, waiting for clearer signals on the Fed’s next policy steps heading into year-end.
