Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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U.S. stock index futures rose slightly Sunday evening, aiming to recover from last week’s selloff driven by escalating tensions between Israel and Iran. The rebound comes as investors shift focus to this week’s Federal Reserve meeting, where interest rates are expected to remain unchanged.
S&P 500 Futures edged up 0.2% to 6,040.75, Nasdaq 100 Futures climbed 0.2% to 21,909.0, and Dow Jones Futures increased 0.1% to 42,553.0 by 7:55 p.m. ET.
Markets are now closely watching the Fed’s two-day policy meeting starting Tuesday. The central bank is widely expected to keep rates steady at around 4.5%. However, investors are looking for any signals pointing to future rate cuts amid cooling inflation, a slowing job market, and reduced economic growth. These factors have fueled speculation that the Fed could soften its stance later this year.
Despite cutting rates by 1% in 2024, the Fed has projected a slower pace of easing in 2025, largely due to persistent inflation concerns and uncertainty over President Trump’s ongoing trade tariffs. Trump has also been pressuring the Fed to lower rates further.
Last Friday, Wall Street tumbled as geopolitical risks surged. Israel launched strikes targeting Iran’s nuclear infrastructure, prompting swift retaliation from Tehran. The conflict significantly weakened prospects for renewed nuclear negotiations between Iran and the U.S. and triggered fears of broader war in the Middle East.
The S&P 500 dropped 1.1% to 5,976.97, the NASDAQ Composite slid 1.3% to 19,406.83, and the Dow Jones Industrial Average fell 1.8% to 42,197.79. However, defense and energy stocks saw gains, driven by rising oil prices and expected defense spending amid the escalating conflict.
