Trump Unveils $3 Billion U.S. Critical Minerals Push 
US Job Growth Seen Picking Up in July 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Philippine GDP Growth Slows to 2.3% in Q2 
US Stock Futures Rise as Markets Await July Payrolls Data 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route.
S&P 500 futures slipped about 0.1% to 7,775.50 points, while Nasdaq 100 futures were nearly unchanged at 29,837.75. Dow Jones futures also fell 0.1% to 54,076.0 points by 21:24 ET (01:24 GMT).
Iranian Foreign Minister Abbas Araqchi said an agreement with Oman to establish new shipping lanes through the Strait of Hormuz was nearing completion. However, he stressed that the deal alone would not result in the full reopening of the waterway.
Tehran is seeking several concessions from Washington, including U.S. compensation, the removal of sanctions, an end to military threats and the lifting of a naval blockade. The demands have reduced optimism that normal shipping activity through one of the world's most important oil chokepoints will resume quickly.
Meanwhile, Reuters reported, citing a U.S. official, that Washington expects an Iran-Oman agreement soon. The U.S. could lift its blockade of Iranian ports once commercial vessels are able to travel through the region without obstruction.
Oil prices extended gains during Asian trading on Monday as uncertainty over supplies persisted. Sustained increases in crude oil prices could intensify U.S. inflation pressures and make the Federal Reserve's interest rate outlook more complicated.
Wall Street enters the new week following strong gains. On Friday, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 climbed 0.6% to a record close. The Nasdaq Composite jumped 1.3%.
Stocks benefited after U.S. employment data showed the economy lost 23,000 jobs in July, compared with expectations for an 80,000 increase. The weak jobs report eased expectations for an imminent Federal Reserve rate hike and pushed Treasury yields lower.
For the week, the S&P 500 gained 3.6%, the Nasdaq surged 5.2% and the Dow advanced 3%.
Investors will now focus on July U.S. consumer inflation data due Wednesday, along with earnings reports from Applied Materials, Cisco Systems and CoreWeave. Nearly 90% of S&P 500 companies have already reported quarterly results, with 76% exceeding earnings expectations.
