U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
U.S. stock futures edged lower Thursday evening as investors digested fresh tariff measures announced by President Donald Trump and mixed quarterly earnings from Amazon and Apple. The market also awaited Friday’s key nonfarm payrolls report, following new economic data showing mild inflation and slightly higher jobless claims.
By 20:26 ET, S&P 500 Futures slipped 0.3% to 6,358.50, Nasdaq 100 Futures fell 0.4% to 23,278.75, and Dow Jones Futures dropped 0.2% to 44,227. In Thursday’s regular session, the S&P 500 declined 0.4%, the Dow Jones Industrial Average fell 0.7%, while the NASDAQ Composite closed nearly flat.
Amazon shares plunged over 7% in extended trading after issuing weak operating income guidance and disappointing AWS cloud results, falling short of investor expectations set by rivals’ stronger performances. Conversely, Apple stock gained 2% after beating revenue and earnings forecasts and providing an upbeat outlook for the current quarter.
Investors are also reacting to Trump’s new reciprocal tariffs, set to take effect August 1, ranging from 10% to 41% on imports from multiple countries. The order imposes 25% tariffs on goods from India, 20% on Taiwan, and 30% on South Africa, while raising Canadian tariffs to 35% from 25% over fentanyl-related concerns. A separate 15% tariff was announced earlier on imports from South Korea.
Economic data showed initial jobless claims rose slightly to 218,000 last week, signaling a still-resilient labor market. Meanwhile, June consumer spending increased, and the Personal Consumption Expenditures (PCE) Price Index rose 0.3%, matching forecasts and slightly above May’s 0.2%, providing fresh signals on U.S. inflation trends amid heightened trade tensions.
