Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Overview of US Stock Futures
US stock futures were largely flat on Wednesday as investors prepared for a wave of quarterly earnings reports, including Tesla. As of 03:31 ET (07:31 GMT), the Dow futures were down 115 points (0.3%), while S&P 500 and Nasdaq 100 futures showed little movement.
Tesla Earnings Report Anticipated
Tesla's upcoming earnings report is anticipated to make waves in the market. The company's shares have struggled this month, especially after the recent unveiling of its robotaxi, which left investors wanting more details. Year-to-date, Tesla shares have declined by approximately 12%, contrasting sharply with the S&P 500’s 23.4% increase.
Texas Instruments Surprises Investors
Texas Instruments reported a third-quarter profit exceeding expectations, with earnings per share at $1.47 on revenues of $4.15 billion. This positive outcome drove a rise in its share price during after-hours trading, highlighting growth in its automotive product segment, particularly in the electric vehicle market.
Starbucks Faces Challenges
Starbucks shares fell in after-hours trading after the company suspended its financial guidance for the upcoming fiscal year. Preliminary results indicated declines in same-store sales and net revenue, attributed to lower demand for premium items. New CEO Brian Niccol emphasized the need for a strategic overhaul to regain growth.
Conclusion
Amidst these developments, oil prices are also feeling the pressure, with Brent crude dropping 0.6% to $75.62 per barrel. Increased US crude inventories were reported, raising concerns about fuel demand, while Middle East tensions continue to exert influence on market conditions.
