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US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
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Global share markets opened the week cautiously as investors grappled with renewed uncertainty over U.S. tariffs and awaited key earnings from AI giant Nvidia. The U.S. dollar slipped in Asian trading on Monday, reflecting concerns about America’s trade policy direction and its broader impact on global markets.
Market confusion intensified after the U.S. Supreme Court struck down President Donald Trump’s emergency tariffs. In response, Trump announced a new 10% tariff on imports from most countries, only to later raise it to 15%, a move that reportedly surprised some officials. Investors remain unclear on when the new tariffs will take effect, which goods may be exempt, and whether all countries will face the same rate. Previously, nations such as the UK and Australia had 10% tariffs, while several Asian economies faced higher duties.
Currency strategists warn that ongoing policy shifts could fuel volatility across financial markets. The uncertainty has revived the “sell America” narrative, pressuring the dollar. The greenback fell 0.4% against the Japanese yen to 154.36 and weakened against the euro and Swiss franc. Meanwhile, gold prices climbed 0.8% to $5,143 per ounce as investors sought safe-haven assets. Silver surged 2%, extending last week’s strong rally.
Asian equities showed mixed performance. MSCI’s Asia-Pacific index excluding Japan rose 0.5% in light trade, while South Korea’s market extended gains to record highs. U.S. stock futures dipped ahead of Nvidia’s earnings report, with S&P 500 futures down 0.3% and Nasdaq futures off 0.4%. Nvidia, which represents nearly 8% of the S&P 500, is expected to report a 71% jump in earnings per share. Options markets suggest its stock could swing at least 6% following results.
Oil prices edged lower ahead of U.S.-Iran talks in Geneva, despite ongoing geopolitical risks. Brent crude fell to $71.29 per barrel, while U.S. crude slipped to $65.95. Investors now closely watch trade developments, Federal Reserve rate expectations, and Nvidia’s results for direction in global financial markets.
