Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Holds Near Two-Month High as Yen Approaches 160 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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European stock markets opened higher Monday, with investors focusing on upcoming eurozone inflation data and the European Central Bank’s (ECB) policy meeting. At 03:05 ET (08:05 GMT), Germany’s DAX gained 0.9%, France’s CAC 40 rose 0.2%, and the UK’s FTSE 100 climbed 0.4%.
The ECB is expected to cut interest rates by 25 basis points to 2.50% on Thursday to stimulate the sluggish eurozone economy. Markets anticipate around 90 basis points of rate cuts by year-end, though uncertainty remains due to U.S. tariff risks, a potential Ukraine ceasefire, and increased European defense spending. Inflation data released later today may provide further clarity after signs of slowing price growth in major eurozone economies last week.
Investors are also watching U.S. tariff developments. President Donald Trump has announced additional 10% tariffs on China and reaffirmed plans for 25% levies on Mexico and Canada. However, Commerce Secretary Howard Lutnick stated that the final tariff levels would be determined on Tuesday, leaving room for adjustments.
The European defense sector is in focus as leaders agreed on a peace plan emphasizing increased military spending and a greater role in Ukraine’s defense. Meanwhile, UK-based Bunzl (LON:BNZL) reported quarterly earnings growth, citing an aggressive acquisition strategy, a dividend increase, and a share buyback program.
Oil prices edged higher, supported by strong Chinese manufacturing data. U.S. crude futures (WTI) rose 0.2% to $69.91 a barrel, while Brent gained 0.2% to $72.97. Manufacturing activity in China exceeded expectations, fueled by last year’s stimulus measures.
Meanwhile, uncertainty lingers over a potential Russia-Ukraine peace deal after tensions between Trump and Ukrainian President Volodymyr Zelenskiy, with European leaders reaffirming their support for Ukraine’s defense efforts.
