U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Add as a preferred source on Google
U.S. copper prices surged to a record high on Tuesday after President Donald Trump announced a 50% tariff on imported copper, intensifying global trade tensions. Trump also warned of upcoming tariffs on semiconductors and pharmaceuticals. U.S. Comex copper futures spiked over 12%, highlighting the metal’s strategic importance in electric vehicles, military hardware, and infrastructure. Copper miner Freeport-McMoRan (NYSE:FCX) rose 2.5% in response.
In letters to 14 countries, including Japan and South Korea, Trump confirmed sweeping tariffs would take effect August 1. While he noted progress with the EU and China, he hinted that a new tariff letter to the EU was imminent. Stocks, which sold off on Monday, were relatively stable Tuesday, as investors awaited second-quarter earnings reports. Analysts from BofA and Goldman Sachs raised their S&P 500 year-end targets, citing solid corporate earnings.
The Dow Jones slipped 0.37% to 44,240.76, the S&P 500 dipped 0.07% to 6,225.52, and the Nasdaq inched up 0.03% to 20,418.46. The MSCI world index fell slightly, while Europe’s STOXX 600 gained 0.41%.
The Federal Reserve’s meeting minutes, due Wednesday, may offer insight on potential rate cuts. U.S. Treasury yields rose, with the 10-year yield climbing to 4.417%. However, demand was weak for a $58 billion three-year note auction. Additional bond sales are scheduled for later this week.
Currency markets saw the yen slide against the dollar and euro, while the Australian dollar gained after the RBA held interest rates steady. Oil prices edged up, with U.S. crude at $68.33 and Brent at $70.15. Spot gold fell 1.05% to $3,300.32 per ounce.
