UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
China Agrees to Buy 20 Million Tons of U.S. Coal 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
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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'
