European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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The S&P 500 surged 1.1% on Wednesday after the Federal Reserve left interest rates unchanged and maintained its forecast for two rate cuts in 2024, despite acknowledging persistent inflation. The Dow Jones rose 383 points (0.9%), while the NASDAQ gained 1.4%.
The Fed kept rates in the 4.25%-4.5% range, with projections showing a decline to 3.9% by year-end, unchanged from December. Inflation forecasts increased, but Fed Chair Jerome Powell suggested weaker economic growth might offset rising prices. Powell emphasized that while sentiment indicators softened, economic fundamentals, including the labor market, remain strong.
Tesla jumped over 4% after securing an initial regulatory approval for its robotaxi service in California. The California Public Utilities Commission granted the company a transportation permit, a crucial step toward launching autonomous ride services.
Boeing soared 7% as CFO Brian West highlighted improved operations. Meanwhile, Nvidia climbed more than 2% after CEO Jensen Huang downplayed concerns over tariff impacts.
General Mills, however, fell 2% after forecasting a significant decline in sales and profit due to increased competition from lower-cost private label brands.
Despite inflation concerns, analysts believe the Fed will prioritize labor market stability over short-term price increases. Investors remain optimistic about the central bank’s rate-cut timeline, fueling market gains.
