Trump, Xi Focus on Trade and AI at White House Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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Oil prices climbed on Tuesday as stalled U.S.-Iran peace negotiations and uncertainty over reopening the Strait of Hormuz renewed concerns about global energy supplies. Asian stock markets, meanwhile, traded cautiously as investors assessed geopolitical tensions and the outlook for inflation and interest rates.
Brent crude futures reached $88.00 per barrel, while U.S. crude futures rose to $82.45, their highest levels since July 31. Both contracts had surged roughly 5% on Monday.
The gains followed another escalation in tensions between Washington and Tehran. U.S. President Donald Trump responded to Iran’s conditions for a peace agreement by demanding compensation for people killed in wars, attacks and protests. The tougher rhetoric could complicate negotiations aimed at reopening the Strait of Hormuz, a critical route for global oil shipments.
IG market analyst Tony Sycamore described the situation as a standoff, suggesting oil prices could remain within a $75-$95 range while markets wait for a breakthrough.
Higher energy prices are also increasing attention on Wednesday’s U.S. July consumer price index report. Economists expect headline CPI to rise 0.1% month-on-month and core inflation to increase 0.2%. A stronger-than-expected reading could revive expectations for a Federal Reserve rate hike, with markets currently divided over the next policy move.
Asian equities were mixed. MSCI’s broadest Asia-Pacific index outside Japan gained 0.2%, while South Korea’s Kospi advanced 0.3%. Nasdaq futures rose 0.28% and S&P 500 futures added 0.1%.
Investor sentiment was also influenced by Nvidia’s announcement that it is partnering with six major financial institutions on compute financing platforms designed to raise more than $500 billion in third-party capital for AI infrastructure.
Currency markets remained focused on the Japanese yen, which traded near 159 per dollar amid concerns about further U.S.-Japan intervention. The euro traded around $1.1546, while sterling stood at $1.3512.
Gold benefited from continued market uncertainty, with spot prices rising 0.5% to $4,409.81 an ounce as geopolitical tensions, higher oil prices and inflation concerns supported demand for safe-haven assets.
