Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
The euro rebounded from a 2.5-week low against the U.S. dollar on Monday, gaining 0.4% to $1.0415 as European leaders moved towards a Ukraine peace plan. Sterling also advanced 0.2% to $1.2602 after UK Prime Minister Keir Starmer confirmed Europe's initiative to present a peace proposal to Washington.
Meanwhile, Bitcoin surged nearly 11% to $92,905, briefly touching $94,852.56. The rally followed U.S. President Donald Trump’s social media post naming Bitcoin, Ethereum, XRP, Solana, and Cardano as part of a new strategic cryptocurrency reserve. Bitcoin had dipped to $78,273.03 on Friday, its lowest since mid-November, before rebounding.
The Canadian dollar and Mexican peso each rose 0.2%, trading at C$1.4439 and 20.4891 pesos per U.S. dollar. The gains came after U.S. Commerce Secretary Howard Lutnick hinted that planned 25% tariffs on Canada and Mexico might be reduced. Trump is still expected to impose additional 10% levies on China.
The Australian and New Zealand dollars bounced from one-month lows, rising 0.2% and 0.1%, respectively, to $0.6220 and $0.5606. The yen slipped 0.1% to 150.52 per dollar, while China's yuan edged up 0.1% to 7.2873 per dollar in offshore trading.
The U.S. dollar index eased 0.1% to 107.21. However, analysts at Commonwealth Bank of Australia predict the dollar’s rally will resume as the U.S.-China trade war escalates, with "peak tariff" levels yet to be reached.
