Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
U.S. stock futures fell sharply on Monday as fresh tariff threats from President Donald Trump rattled global financial markets, pushing investors toward traditional safe-haven assets such as gold, the Japanese yen, and the Swiss franc. The renewed trade tensions, centered on Europe and linked to U.S. demands over Greenland, sparked concerns about a broader U.S.-Europe trade war and its potential impact on global economic growth.
Thin trading conditions, due to a U.S. holiday that closed equity and bond markets, amplified market moves. S&P 500 futures dropped 0.7%, while Nasdaq futures slid 1.0%. European markets followed suit, with EUROSTOXX 50 futures and Germany’s DAX futures both declining 1.1%. In Asia, Japan’s Nikkei index fell 1.0%, and MSCI’s Asia-Pacific index outside Japan edged 0.1% lower.
Trump announced plans to impose an additional 10% tariff on imports from eight European countries starting February 1, escalating to 25% by June if no agreement is reached. The targeted nations include Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Britain. European leaders condemned the move as economic blackmail, while France floated the idea of using previously untested countermeasures, including the EU’s Anti-Coercion Instrument and suspended tariffs on $108 billion worth of U.S. goods.
Currency markets reflected the risk-off mood. The dollar weakened against the yen and Swiss franc, while the euro and British pound managed modest rebounds. Gold surged 1.5% to a record high of $4,664 an ounce, and silver also hit new highs as investors sought safety. Oil prices slipped on fears that escalating trade tensions could curb global demand, with Brent crude falling to $63.84 a barrel and U.S. crude to $59.18.
Looking ahead, investors are watching key events including China’s economic growth data, the Bank of Japan policy meeting, delayed U.S. inflation figures, and a busy corporate earnings season featuring major companies like Netflix, Johnson & Johnson, General Electric, and Intel. All eyes will also be on the World Economic Forum in Davos, where global leaders, including Trump, are set to meet amid heightened economic uncertainty.
