Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
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U.S. stock index futures edged lower Tuesday evening, extending Wall Street's losses after June inflation data came in slightly above expectations and renewed fears over President Donald Trump’s aggressive trade policies.
S&P 500 Futures declined 0.3% to 6,268.0, Nasdaq 100 Futures dropped 0.3% to 22,991.50, and Dow Jones Futures slipped 0.2% to 44,147.0 by 19:26 ET (23:26 GMT). Earlier, the S&P 500 and Nasdaq briefly hit record highs but retreated as sticky inflation and tariff threats weighed on investor sentiment. The S&P 500 ended down 0.4%, while the Dow slid 1%. The Nasdaq rose 0.2%, bolstered by tech gains.
June’s consumer price index signaled persistent inflation pressures, sparking concerns the Federal Reserve may hold interest rates steady for longer. Investor anxiety was amplified by Trump’s renewed threat of 200% tariffs on pharmaceutical imports by month-end, alongside a 30% tariff on goods from Mexico and the European Union. The EU signaled potential retaliatory measures targeting U.S. industries like autos and alcohol.
Bank earnings failed to lift the mood, despite JPMorgan, Citigroup, and Wells Fargo surpassing Q2 profit expectations. JPMorgan CEO Jamie Dimon warned of rising economic risks from tariffs and fiscal challenges. JPMorgan stock dipped 1%, and Wells Fargo tumbled over 6% after cutting its net interest income forecast. Citi shares surged 5% on a $4 billion buyback, hitting a near 17-year high.
Investors now await Q2 earnings from Bank of America, Goldman Sachs, Morgan Stanley, Johnson & Johnson, and chipmaker ASML. Later this week, reports from Taiwan Semiconductor, Netflix, and GE Aerospace are also expected to influence market direction.
Persistent inflation, cautious bank outlooks, and tariff escalation continue to drive market volatility as earnings season heats up.
