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Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
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U.S. stock index futures declined Thursday evening after Wall Street's sharp selloff, driven by rising tensions in the U.S.-China trade war. While President Donald Trump postponed global tariffs by 90 days, investor sentiment remained negative due to heightened trade conflict risks.
The White House confirmed China now faces 145% tariffs, sparking fears of further retaliation from Beijing. China responded with 84% tariffs on U.S. goods and pledged to “fight to the end,” fueling uncertainty over the global economic outlook and trade negotiations.
By 8:02 PM ET (00:02 GMT), S&P 500 futures dropped 0.7% to 5,265.0, Nasdaq 100 futures fell 0.9% to 18,304.50, and Dow Jones futures slid 0.7% to 39,520.0. This followed a steep decline on Wall Street, where the S&P 500 fell 3.5% to 5,268.05, the Nasdaq Composite dropped 4.3% to 16,387.31, and the Dow Jones lost 2.5%.
Investors looked past a bigger-than-expected drop in March CPI inflation, as core inflation remained stubbornly high. Concerns also mounted over key U.S. firms heavily exposed to China, including Apple (NASDAQ:AAPL), which plunged 4.2%.
Despite Thursday’s losses, all three major indexes were still on track for their first weekly gain in three weeks, helped by Wednesday’s rally after Trump’s tariff delay announcement.
Attention now turns to Q1 earnings, beginning Friday with results from JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), Bank of New York Mellon (NYSE:BK), and BlackRock (NYSE:BLK). Goldman Sachs (NYSE:GS) will follow on Monday. Markets remain volatile as investors assess the economic fallout of tariffs and how corporate earnings held up amid growing uncertainty.
