Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
U.S. stock futures moved lower on Monday as renewed geopolitical tensions between the United States and Iran unsettled global markets and raised concerns about the future of a fragile ceasefire expected to expire later this week. As of early trading, Dow Jones futures dropped about 292 points, or 0.6%, while S&P 500 futures declined 0.6% and Nasdaq 100 futures slipped 0.5%, signaling a cautious start to the week on Wall Street.
The pullback follows a strong performance last week, when major U.S. stock indices climbed more than 1% and reached record highs. Investor sentiment had been boosted by reports that the Strait of Hormuz—a vital route for nearly 20% of global oil supply—had reopened after weeks of disruption. Optimism also grew around a potential extension of the U.S.-Iran ceasefire, suggesting the possibility of a longer-term resolution.
However, fresh developments have clouded that outlook. Former President Donald Trump stated that U.S. forces seized an Iranian-flagged cargo vessel accused of breaching sanctions, prompting Tehran to issue threats of retaliation. Iran has also hinted it may withdraw from upcoming negotiations, intensifying uncertainty. Conflicting reports regarding the operational status of the Strait of Hormuz have further added to market volatility, with some data indicating resumed shipping activity while Iranian officials claim renewed closures.
As a result, oil prices surged sharply, reversing last week’s losses. Brent crude rose over 5% to around $95 per barrel, while West Texas Intermediate (WTI) crude gained more than 6%, reflecting heightened supply concerns.
Investors are also closely watching a busy week of corporate earnings reports, including results from major companies such as American Express, Intel, Tesla, and UnitedHealth. Economic data, particularly U.S. business activity figures for April, will also play a key role in shaping market direction.
Market analysts note that ongoing geopolitical risks, combined with key economic indicators and earnings updates, could drive increased volatility across global financial markets in the days ahead.
