Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
U.S. stock futures were little changed Wednesday evening after Wall Street rallied on President Donald Trump’s decision to grant a one-month exemption on new 25% auto tariffs for imports from Mexico and Canada.
S&P 500 Futures held steady at 5,852.25 points, Nasdaq 100 Futures dipped 0.2% to 20,632.75, and Dow Jones Futures remained unchanged at 43,068.0 by 19:25 ET (00:25 GMT).
The White House’s move provides temporary relief to automakers, allowing them more time to adjust supply chains and mitigate immediate cost pressures. The exemption underscores the importance of the U.S.-Mexico-Canada Agreement (USMCA), ensuring duty-free access for compliant vehicles. Reports also suggest Trump may exclude certain agricultural products from tariffs, signaling potential negotiations for longer-term trade solutions.
Markets welcomed the announcement, with the Dow Jones Industrial Average gaining 1.1%, snapping a two-day losing streak. The S&P 500 also rose 1.1%, while the NASDAQ Composite jumped 1.5%. Automaker stocks surged, with General Motors (NYSE:GM) soaring 7.2%, Ford (NYSE:F) climbing 5.8%, Stellantis NV (BIT:STLAM) up 9.2%, and U.S.-listed Toyota Motor (NYSE:TM) gaining 6.5%.
Economic data showed unexpected growth in the U.S. services sector in February, as the ISM Services PMI rose to 53.5 from 52.8, beating forecasts. However, rising input prices, fueled by new tariffs and higher raw material costs, could stoke inflation concerns.
Investors now await Friday’s jobs report, which could influence Federal Reserve policy and interest rate outlooks.
