Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
The S&P 500 closed higher Tuesday as investors balanced strong earnings with rising US-China trade tensions. The Dow gained 142 points (0.3%), the S&P 500 climbed 0.72%, and the Nasdaq surged 262 points (1.4%).
President Trump postponed 25% tariffs on Canada and Mexico but imposed a 10% duty on Chinese goods, prompting Beijing to retaliate. China imposed tariffs on US coal, LNG, crude oil, and automobiles while restricting rare earth exports, escalating trade war concerns. Beijing also blacklisted PVH Corp (NYSE:PVH) and Illumina (NASDAQ:ILMN) and launched an antitrust probe into Alphabet (NASDAQ:GOOG).
Wall Street remains cautious about Fed rate cuts, with Morgan Stanley now predicting only one in 2025. Meanwhile, earnings reports drove market movements. PepsiCo (NASDAQ:PEP) dropped 4.5% on weak revenue growth, while Spotify (NYSE:SPOT) soared 13.3% on strong Q4 results. Palantir (NASDAQ:PLTR) surged 24% on AI-driven revenue forecasts. Estee Lauder (NYSE:EL) fell 16% due to weak Asian retail sales, and Merck (NYSE:MRK) slipped 9% after pausing Gardasil shipments to China.
All eyes are on Alphabet’s post-market earnings, with investors eager for AI spending updates amid competition from China's DeepSeek.
Oil prices dipped as trade tensions threatened economic growth. WTI crude fell 0.49% to $72.80 per barrel. Despite global concerns, OPEC+ upheld production plans, keeping output cuts in place until April.
Markets remain volatile as earnings and economic policies shape investor sentiment.
