U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
U.S. stock index futures slipped Sunday evening as uncertainty over President Donald Trump’s upcoming tariff decisions and cooling expectations for interest rate cuts weighed on market sentiment.
Trump signaled plans to set tariff rates on major U.S. trading partners soon, delaying their implementation from July 9 to August 1. While this provided a temporary reprieve, the lack of clarity on final rates—some proposed as high as 50%—kept investors cautious. Commerce Secretary Howard Lutnick confirmed Trump is actively finalizing the rates and potential trade deals. Treasury Secretary Scott Bessent warned tariffs will proceed as outlined in April if no agreements are reached by the new deadline.
Markets were also shaken by stronger-than-expected U.S. nonfarm payrolls data for June, released last Thursday. The robust labor market numbers led traders to slash bets on a Federal Reserve rate cut in July or September, dimming hopes for monetary easing.
Futures declined following the Independence Day weekend, pointing to possible profit-taking and volatility after major indexes closed at record highs last Thursday. As of 19:15 ET (23:15 GMT), S&P 500 futures dropped 0.3% to 6,303.0, Nasdaq 100 futures slid 0.3% to 22,987.0, and Dow Jones futures fell 0.3% to 44,972.0.
Despite recent gains driven by optimism around AI stocks like Nvidia (NASDAQ:NVDA) and speculation that Trump would delay tariffs, Wall Street now faces fresh turbulence. Investors remain focused on whether trade deals with key economies such as Japan, the EU, and India will materialize before the August 1 deadline.
Thursday’s rally saw the S&P 500 climb 0.8% to 6,279.35, the Nasdaq rise 1% to 20,601.10, and the Dow gain 0.8% to 44,828.53, but upcoming sessions may bring increased volatility.
