IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
U.S. stock index futures edged lower Wednesday night as market sentiment remained fragile amid growing concerns over high government debt and uncertainty surrounding President Donald Trump’s proposed tax cut bill. Investors fear the bill could inflate spending and deepen the federal deficit.
S&P 500 Futures dipped to 5,859.75, Nasdaq 100 Futures slipped 0.1% to 21,142.75, and Dow Jones Futures fell 0.1% to 41,904.0 by 20:03 ET. This followed a sharp decline on Wall Street, driven by rising Treasury yields and economic anxiety.
The S&P 500 dropped 1.6% to 5,844.55, while the NASDAQ Composite fell 1.4% to 18,872.64. The Dow Jones Industrial Average tumbled 1.9% to 41,860. Markets were rattled after Moody’s downgraded the U.S. credit outlook, compounding fears triggered by soft demand in the Treasury’s $16 billion 20-year bond auction.
Trump’s tax cut bill, recently cleared by a House committee, is expected to face a vote soon. However, traders are worried that slashing federal revenues without offsetting measures could worsen the national debt burden. Trump has pointed to tariffs as a fiscal offset, but revenue from these measures remains limited.
Tech stocks underperformed ahead of key earnings from Nvidia (NASDAQ:NVDA) next week, with investors locking in profits. Broader economic concerns were further heightened by disappointing retail signals. Target (NYSE:TGT) cut its annual guidance, citing slowing consumer demand. Lowe’s (NYSE:LOW) exceeded Q1 expectations but forecast flat annual profits, while Home Depot (NYSE:HD) warned of rising prices due to tariffs. Walmart (NYSE:WMT) also previously flagged inflationary risks.
With debt worries and trade policy concerns in focus, volatility is likely to persist across equity and bond markets, as investors await clarity on fiscal direction and earnings results.
