UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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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The S&P 500 climbed 0.4% Wednesday, buoyed by a tech sector rebound after softer-than-expected inflation data. The Nasdaq 100 jumped 1.2%, with NVIDIA (NASDAQ:NVDA) surging 8% as investors capitalized on the recent dip. The Dow Jones Industrial Average also added 0.4%.
Cooling inflation eased stagflation concerns, with U.S. consumer prices rising 2.8% year-over-year in February, down from 3.0% in January, and monthly CPI slowing to 0.2% from 0.5%. Core CPI, excluding food and fuel, also decelerated to 3.1% annually and 0.2% monthly, both below estimates. Analysts suggest the Federal Reserve will maintain its patient stance at next week’s meeting.
Meanwhile, President Trump’s expanded steel and aluminum tariffs took effect, prompting retaliatory measures from the EU, which plans new tariffs on U.S. exports next month. Trump threatened further tariffs on EU car imports, while Canada announced 25% reciprocal tariffs on C$30 billion in U.S. goods. However, Ontario later dropped the measure, leading Trump to ease his stance.
Intel (NASDAQ:INTC) shares rose over 4% on reports that TSMC (NYSE:TSM) is exploring a joint venture with Nvidia, AMD, Broadcom, and Qualcomm to operate Intel’s struggling U.S. foundry business. The deal, which requires approval from Trump, would see TSMC take operational control but not a majority stake.
Amazon (NASDAQ:AMZN) gained over 1% after the Federal Trade Commission sought a two-month delay in its lawsuit alleging deceptive Prime sign-ups.
With tech stocks rebounding and inflation cooling, investors are closely watching the Fed's next move amid ongoing trade tensions.
