Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Turkey Targets 5% Economic Growth by 2029 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
China to Inject $45 Billion Into State Financial Institutions 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Asian Currencies Rise as Yen Surges on Fed Rate Outlook 
US Oil Blockade Deepens Iran’s Economic Crisis 
Gold Holds Near $4,400 as Fed Hike Bets Rise 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Asian Stocks Rally as Fed Rate Hike Fears Ease 
Iran’s Hormuz Oil Pressure Fades as Gulf Crude Flows Continue 
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U.S. stock futures traded mostly unchanged Tuesday night after a technology-driven rally pushed the S&P 500 and Nasdaq to fresh record highs. However, renewed U.S. military action involving Iran continued to weigh on investor sentiment and raised concerns about escalating geopolitical risks in the Middle East.
S&P 500 Futures held near 7,539, while Nasdaq 100 Futures remained steady around 30,082. Dow Jones Futures gained slightly by 0.1% in late trading. During Tuesday’s regular session, the S&P 500 advanced 0.5% to close at another all-time high, while the Nasdaq Composite climbed 0.9% as semiconductor and artificial intelligence stocks fueled market momentum. In contrast, the Dow Jones Industrial Average slipped 0.3%.
Technology shares remained the market’s strongest driver, with chipmakers leading gains across Wall Street. Micron Technology surged sharply after receiving a bullish analyst upgrade, helping lift the Philadelphia Semiconductor Index to a record level. The rally also pushed Micron’s market capitalization above the $1 trillion mark for the first time, highlighting continued investor enthusiasm surrounding AI-related growth stocks.
Despite strong equity performance, geopolitical uncertainty limited broader market optimism. Reports of new U.S. strikes on Iranian vessels near the Strait of Hormuz increased fears that ongoing diplomatic discussions between Washington and Tehran could collapse. Iran criticized the attacks as violations of the ceasefire agreement, while U.S. officials defended the military response as necessary for regional security.
Meanwhile, Israel reportedly launched more than 120 airstrikes on Lebanon, adding further pressure to already fragile regional negotiations. Oil prices remained volatile as traders monitored potential disruptions to global crude supply routes.
Treasury yields moved lower as investors sought safer assets ahead of key economic data releases. The benchmark 10-year Treasury yield fell to approximately 4.49%. Markets are now closely watching the upcoming U.S. Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation indicator, for signals on future interest rate decisions in 2026.
