Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
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Asian markets edged higher on Tuesday as investors focused on U.S. trade talks, inflation data, and corporate earnings. The MSCI Asia-Pacific index outside Japan gained 0.4%, while Japan's Nikkei added 0.2%. Optimism was supported by Nvidia’s (NASDAQ: NVDA) plan to resume sales of its H20 AI chips in China, boosting Nasdaq futures by 0.5%.
The dollar held recent gains, trading at 147.62 yen, near a three-week high. The euro rebounded 0.1% to $1.1680 after a four-day slide. U.S. crude slipped 0.5% to $66.63 per barrel as President Donald Trump issued a 50-day ultimatum for Russia to end the Ukraine war or face expanded energy sanctions. Gold rose 0.6% to $3,363.40 per ounce, and silver hit a new high, trading at $38.25.
Trump also hinted at tariff flexibility following threats of imposing 30% duties on the EU and Mexico by August 1. The European Union warned of countermeasures, while Japan seeks high-level trade talks with the U.S. this Friday. Japanese Prime Minister Shigeru Ishiba, facing an election challenge, is expected to meet U.S. Treasury Secretary Scott Bessent in Tokyo.
In economic news, China’s Q2 slowdown was less severe than expected, signaling resilience amid tariffs. Japanese 10-year bond yields hit 1.595%, the highest since 2008, on political and economic uncertainty.
U.S. earnings season begins this week, with bank results closely watched. S&P 500 Q2 earnings are forecast to rise 5.8% year-over-year, down from 10.2% in April. Investors await U.S. June inflation data for further policy cues. Euro Stoxx 50, DAX, and FTSE futures were modestly higher, indicating a positive European open.
