Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian stocks edged lower on Monday, weighed by losses in Wall Street futures after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the EU and Mexico starting August 1. While the European Union extended its suspension of counter-tariffs and signaled a continued push for negotiation, Germany called for firm retaliation if the levies proceed.
Markets responded cautiously, reflecting either resilience or growing complacency. MSCI’s Asia-Pacific index outside Japan remained flat, while Japan’s Nikkei fell 0.5%. S&P 500 and Nasdaq futures dropped 0.4% ahead of a critical earnings season kickoff, with U.S. banks set to report Tuesday. Analysts expect S&P profits to rise 5.8% year-over-year, down from earlier 10.2% forecasts. BofA predicts a modest 2% beat, below historical averages.
Treasuries saw minor safe-haven flows, keeping 10-year yields at 4.41%. Futures hinted at a slight increase in rate-cut expectations for 2026. Despite Fed Chair Jerome Powell’s measured stance, Trump escalated pressure for more stimulus, even suggesting Powell should resign due to Fed HQ renovation overruns.
Traders await U.S. June CPI data due Tuesday, which could reflect early inflationary effects from tariffs. Additional economic indicators—including producer prices, import prices, and retail sales—will provide further insights into consumer resilience. Meanwhile, China's June trade data and GDP are set for release this week.
Currency markets saw the euro dip 0.2% to $1.1665, while the dollar gained on the yen and Mexican peso amid tariff fears. Gold rose 0.3% to $3,366 as a safe-haven asset. Oil prices inched higher on speculation of potential new U.S. sanctions on Russian crude buyers, with Brent at $70.45 and WTI trading at $68.50.
