Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
South Korea GDP Surges on Chip and AI Boom 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Asian Stocks Mixed as Korean Chipmakers Rally 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Gold Prices Rise as Yen Rally Weakens Dollar 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
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US stock index futures saw little movement in holiday-thinned trade on Sunday, as investors remained cautious over President Donald Trump’s tariff plans and persistent inflation concerns. Futures stabilized after a mixed Wall Street session on Friday, where the S&P 500 closed just below record highs, driven by technology stocks, while other sectors lagged.
Investor attention now turns to Federal Reserve speakers and the minutes from the Fed’s January meeting, where interest rates were held steady. Last week’s strong inflation data has tempered hopes for near-term rate cuts. S&P 500 Futures rose slightly to 6,135.50 points, Nasdaq 100 Futures inched up 0.1% to 22,212.50 points, and Dow Jones Futures remained steady at 44,646.0 points. Trading volumes were subdued with US markets closed for a holiday on Monday.
Market sentiment was weighed down by Trump’s recent 25% tariffs on steel and aluminum imports and his executive order for reciprocal tariffs on US trading partners, heightening fears of a global trade war. However, Trump indicated that these tariffs would take effect in April, providing temporary relief.
On Friday, the S&P 500 ended flat at 6,114.63 points, the NASDAQ Composite gained 0.4% to 20,026.77 points, while the Dow Jones Industrial Average slipped 0.4% to 44,546.08 points.
This week, markets will closely monitor speeches from Federal Open Market Committee members Patrick Harker and Michelle Bowman. Their remarks follow mixed inflation data from last week, where core components influencing the Fed’s preferred PCE price index showed signs of easing, raising hopes for inflation nearing the central bank’s 2% target. Investors await insights on future monetary policy from the Fed amid ongoing economic uncertainties.
