Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Oil prices eased on Tuesday following a nearly 2% surge the previous day, as markets digested escalating U.S. tariff tensions and a surprise increase in August output by OPEC+. Brent crude futures slipped 21 cents to $69.37 a barrel, while U.S. West Texas Intermediate (WTI) fell 24 cents to $67.69.
The dip came after U.S. President Donald Trump announced sweeping 25% tariffs on countries including major oil suppliers Japan and South Korea, set to take effect on August 1. The move added volatility to global markets, stoking fears of a slowdown in global economic growth and a potential drag on oil demand.
Despite these concerns, demand in the U.S.—the world’s largest oil consumer—remains resilient. AAA projected a record 72.2 million Americans would travel over 50 miles during the Fourth of July holiday, supporting short-term consumption. Reflecting bullish sentiment, the U.S. Commodity Futures Trading Commission reported that money managers raised net-long positions in oil futures and options contracts through July 1.
Meanwhile, supply pressures are growing. OPEC and its allies, collectively known as OPEC+, agreed to boost output by 548,000 barrels per day (bpd) in August—well above the 411,000-bpd monthly increases seen since May. The move nearly eliminates the 2.2 million bpd in voluntary cuts implemented earlier. Analysts at Goldman Sachs anticipate a final 550,000-bpd increase to be announced at the next OPEC+ meeting on August 3.
However, the actual production boost has lagged behind announced targets, with most of the new supply coming from Saudi Arabia. The imbalance between pledged and real output continues to fuel uncertainty in oil markets already grappling with trade disruptions and demand risks.
