Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Trump, Xi Focus on Trade and AI at White House Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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Asian stock markets mostly advanced on Tuesday, boosted by gains in automakers after the U.S. announced measures to soften auto tariffs. However, mainland Chinese stocks edged lower amid a lack of new stimulus from Beijing.
With Japanese markets closed for a holiday, regional trading volumes were light. Major U.S. indexes posted slight gains on Monday, with futures inching higher during Asian hours.
Investor sentiment improved after the Trump administration said it would ease some tariffs on foreign auto parts used in U.S.-made vehicles. According to The Wall Street Journal, automakers will be exempt from additional duties, such as those on steel and aluminum.
Hong Kong’s Hang Seng Index climbed 0.5%, driven by a 5% surge in NIO Inc (HK:9866) and a 2.5% rise in Geely Automobile (HK:0175). South Korea’s KOSPI gained 0.8%, with Hyundai Motor (KS:005380) up 1.7%. Futures tied to India’s Nifty 50 and Japan’s Nikkei 225 rose 0.3%, with the latter poised to rally once trading resumes. Australia’s S&P/ASX 200 advanced 0.9%, while Singapore’s Straits Times Index added 0.4%.
Attention now turns to the Bank of Japan’s policy meeting, with rates expected to remain unchanged despite persistent inflation.
Meanwhile, China’s Shanghai Composite dipped 0.1% and the CSI 300 fell 0.2%, despite easing U.S.-China trade tensions. U.S. Treasury Secretary Scott Bessent indicated ongoing communication with China, though Beijing denied recent talks. Chinese policymakers pledged to support businesses affected by tariffs but refrained from introducing fresh stimulus beyond March announcements. Investors await China's manufacturing data due Wednesday for further economic signals.
