China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
China to Inject $45 Billion Into State Financial Institutions 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as Korean Chipmakers Rally 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
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U.S. stock futures edged higher Thursday night after Wall Street saw the S&P 500 slip into correction territory. S&P 500 Futures rose 0.5% to 5,553.0 points, Nasdaq 100 Futures gained 0.6% to 19,359.50, and Dow Jones Futures added 0.3% to 40,987.0.
The rebound followed Senate Democratic Leader Chuck Schumer’s support for a Republican-backed stopgap funding bill, aiming to prevent a government shutdown as current funding expires Friday at midnight. The bill passed the House earlier this week.
February’s Producer Price Index (PPI) remained flat, easing inflation concerns after a 0.6% jump in January. Annual PPI growth slowed to 3.2% from January’s 3.7%. This follows softer Consumer Price Index (CPI) data, yet markets still tumbled. The S&P 500 fell 1.4% to 5,521.17, officially entering correction territory with a 10% drop from its recent peak. The Dow slid 1.3%, and the Nasdaq lost 2%.
Trade war fears drove the sell-off, with investors worrying that rising tariffs could fuel inflation and recession risks. Tech stocks suffered, with Tesla falling 2.4%, Meta losing 4.7%, and Apple dropping 3.4%. Intel, however, surged 14.6% after naming Lip-Bu Tan as CEO.
Adding to concerns, President Donald Trump threatened 200% tariffs on European alcohol in response to the EU’s planned 50% tariff on American whiskey. The EU move, effective April 1, follows recent U.S. tariffs on steel and aluminum. Trump vowed retaliatory action unless the EU withdraws its levy, potentially increasing consumer prices in both regions.
With trade tensions escalating and economic uncertainty looming, markets remain on edge despite a temporary recovery in futures trading.
