U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears 
Strait of Hormuz LNG Crisis Triggers Global Energy Market Shock 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
Australian Dollar Rallies on Hawkish RBA Outlook; Yen Slips as BOJ Faces Political Pressure 
China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
IMF Urges U.S. to Cut Fiscal Deficit to Reduce Trade and Current Account Gaps 
Venezuela Oil Exports to Reach $2 Billion Under U.S.-Led Supply Agreement 
Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom 
USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
Australia Housing Market Hits Record High Despite RBA Rate Hike 
Japan Manufacturing PMI Jumps to Four-Year High as Global Demand Strengthens 
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.
