Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
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.
