European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Holds Near Two-Month High as Yen Approaches 160 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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Iron ore futures fell for the sixth consecutive session on Monday as escalating U.S.-China trade tensions weighed on market sentiment. However, stronger-than-expected Chinese manufacturing data helped limit losses.
The most-traded May iron ore contract on the Dalian Commodity Exchange (DCE) dropped 0.75% to 796 yuan ($109.32) per metric ton by 0254 GMT, touching a session low of 788 yuan—the weakest since January 16. On the Singapore Exchange, benchmark March iron ore dipped 0.15% to $103.1 per ton.
Investor concerns grew after U.S. Treasury Secretary Scott Bessent revealed that Mexico proposed matching U.S. tariffs on China. This followed U.S. President Donald Trump’s announcement of a 10% tariff hike on Chinese imports and plans to impose 25% tariffs on steel and aluminum from March 4. The move threatens China's $7 billion transshipment steel market, further pressuring its struggling steel sector.
Despite trade frictions, China’s factory activity expanded in February, driven by improved supply, demand, and export orders, according to a private-sector survey. Official PMI data released Saturday also showed the fastest manufacturing growth in three months, reinforcing confidence that economic stimulus measures are supporting recovery amid sluggish demand and a weak property sector.
Other steelmaking commodities on the DCE gained, with coking coal up 1.46% and coke rising 1.31%. Steel benchmarks on the Shanghai Futures Exchange also advanced, with rebar and stainless steel climbing 0.3%, hot-rolled coil up nearly 0.6%, and wire rod increasing 0.54%.
As trade tensions persist, the iron ore market remains volatile, with investors closely monitoring global policy shifts and China's economic resilience.
