Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
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 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
U.S. stock futures were mostly unchanged Monday night following a slightly negative close on Wall Street, as investors remained cautious amid escalating tensions between the United States and Iran ahead of a potential ceasefire deadline. Market participants are closely tracking geopolitical developments while preparing for key economic data and corporate earnings that could influence near-term direction.
S&P 500 Futures rose modestly by 0.1% to 7,155.0 points, while Nasdaq 100 Futures gained 0.2% to 26,808.75. Dow Jones Futures also edged up 0.1% to 49,708.0. Despite these small gains in after-hours trading, sentiment remains fragile after the major indexes ended lower during the regular session. The S&P 500 declined around 0.2%, the Nasdaq Composite dropped 0.3%, and the Dow Jones Industrial Average also closed slightly in the red, breaking a recent winning streak.
Investor uncertainty has been fueled by rising geopolitical risks in the Middle East. Iran’s move to re-close the Strait of Hormuz over the weekend raised concerns about global oil supply disruptions, pushing oil prices sharply higher. Additional tension followed reports that the U.S. seized an Iranian cargo vessel, prompting threats of retaliation from Tehran. Mixed signals surrounding possible peace negotiations in Pakistan have added to the uncertainty, with doubts lingering about Iran’s participation.
Market attention is now turning to diplomatic talks scheduled in Islamabad, where U.S. officials are expected to engage in another round of discussions aimed at easing tensions. However, the lack of clear commitment from Iranian leaders continues to weigh on investor confidence.
Beyond geopolitics, traders are watching the upcoming confirmation hearing of Federal Reserve chair nominee Kevin Warsh. His stance on monetary policy and central bank independence could have significant implications for interest rates and broader market conditions.
Investors are also bracing for a busy earnings calendar, with major companies such as UnitedHealth, GE Aerospace, 3M, and Halliburton set to report. Additionally, March retail sales data will be closely analyzed for insights into consumer spending trends amid rising energy costs, making it a crucial factor for market outlook.
