Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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European stocks opened higher Monday as investor sentiment improved on hopes for new trade deals ahead of the July 9 tariff deadline set by U.S. President Donald Trump. Germany’s DAX climbed 0.5%, France’s CAC 40 rose 0.2%, and the U.K.’s FTSE 100 gained 0.1% by 07:05 GMT.
The upbeat tone followed gains in Asia-Pacific markets after the U.S. finalized a trade agreement with China. Additional optimism came from Canada’s decision to repeal its Digital Services Tax, easing tensions with the U.S. and paving the way for resumed trade and security talks. Finance Minister François-Philippe Champagne confirmed legislation will be introduced to formally withdraw the tax, which had targeted global tech giants.
In Europe, Bloomberg reported that European Commission President Ursula von der Leyen expressed confidence in reaching a deal with Washington before tariffs take effect. Without an agreement, the U.S. plans to impose 50% duties on nearly all EU imports, with the EU ready to retaliate.
Economic data reinforced the need to avoid a trade conflict. Germany's retail sales fell 1.6% in May, underscoring weak consumer spending in Europe’s largest economy. Meanwhile, China’s factory activity contracted at a slower rate in June, though demand remains soft amid ongoing U.S. tariffs. Japan also reported weaker-than-expected factory output, largely due to declining auto exports.
Investors are also watching upcoming German and Italian inflation data, following a drop in eurozone inflation to 1.9% in May. Despite a rate cut in June, ECB President Christine Lagarde hinted that further easing may be limited.
On the corporate front, Polar Capital reported a 27% jump in annual operating profit, supported by a 17% rise in assets under management. Crude oil prices dipped slightly ahead of the July 6 OPEC+ meeting, where another output hike is expected.
