Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Wall Street futures dropped sharply Sunday night after the United States and Israel launched coordinated strikes on Iran, intensifying geopolitical tensions and triggering a surge in oil prices. The sudden escalation rattled global financial markets, driving investors away from risk-sensitive assets and into safer alternatives.
By 19:05 ET, S&P 500 Futures had fallen nearly 1.1% to 6,815.75, while Nasdaq 100 Futures declined 1% to 24,737.50. Dow Jones Futures also slid 1.1% to 48,447.0. The decline followed a negative session on Friday, when concerns over artificial intelligence disruptions and persistent inflation pressured U.S. stocks.
Reports indicate that the weekend strikes resulted in significant casualties in Iran, including Supreme Leader Ayatollah Ali Khamenei. Iran responded with retaliatory attacks targeting Israel and several Middle Eastern nations, including Bahrain, Qatar, and the United Arab Emirates. The deepening conflict has heightened fears of a broader Middle East war, particularly as diplomatic negotiations over Iran’s nuclear program had recently stalled.
President Donald Trump stated that military operations would continue until all objectives are met, warning of potential additional American casualties following the deaths of three U.S. service members. Investors are increasingly concerned about the risk of prolonged instability in the region.
Oil prices surged amid worries that the Strait of Hormuz, a critical shipping route responsible for nearly 20% of global oil consumption, could face disruptions. Rising crude prices have added inflationary pressure to an already fragile market environment.
Beyond geopolitical risks, Wall Street has been grappling with ongoing uncertainty surrounding AI-related spending, elevated valuations in technology stocks, and stubborn inflation data. The Nasdaq Composite lost more than 3% last month, while the S&P 500 slipped 0.9% and the Dow Jones Industrial Average remained flat. Strong labor market data and persistent inflation have fueled expectations that the Federal Reserve may keep interest rates higher for longer, further dampening investor sentiment.
