Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
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 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
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Tariff Suspension and Trade Agreements
President Donald Trump announced a 30-day tariff halt on imports from Mexico and Canada after successful negotiations. The Mexican president, Claudia Sheinbaum, agreed to deploy 10,000 National Guard troops to the U.S.-Mexico border to curb drug trafficking and unauthorized migration in exchange for a suspension of a planned 25% tariff. Similarly, when Canadian Prime Minister Justin Trudeau promised his counterpart to augment the border security measures, accordingly, there also existed a freezing on tariffs, at least regarding Canada.
Market Reactions and Continued Trade Debates
This triggered good reactions in markets around the globe. US equities futures were trading higher, with an increase in S&P 500 by 0.4%. That notwithstanding, Trump declared that the scheduled 10 percent tariff on imports from China would be enforced. Trump called it the "opening salvo" into what could continue to escalate if the negotiations were not moving in the right direction. This situation mirrors the continued complexity of U.S. trade policy as Trump negotiates diplomatic relationships while dealing with critical issues such as immigration and drug trafficking.p'
