Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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U.S. stock index futures declined Monday evening following a sharp selloff on Wall Street, driven by renewed concerns over trade tariffs introduced by President Donald Trump. Despite an extension of the tariff deadline to August 1, markets were rattled as Trump unveiled new levies targeting key trade partners.
S&P 500 Futures slipped 0.2% to 6,265.25, Nasdaq 100 Futures edged down 0.1% to 22,860.50, and Dow Jones Futures dropped 0.2% to 44,571.0 by 19:16 ET. The losses reflect rising investor caution amid uncertainty about the economic fallout from the tariffs.
Trump issued tariff letters imposing a 25% duty on imports from South Korea, Japan, Malaysia, and Kazakhstan. Tariffs also included 30% on South Africa, 32% on Indonesia, 35% on Bangladesh, and 36% on Thailand. Analysts and the Federal Reserve warned that such tariffs could stoke inflation, adding pressure on American importers and potentially weighing on consumer prices.
The White House signaled openness to further trade negotiations. Treasury Secretary Scott Bessent noted more trade deals may be announced soon. However, with more tariff letters expected this week, investor sentiment remained shaky.
On Wall Street, all major indexes declined. The S&P 500 fell 0.8% to 6,229.98, the Nasdaq Composite slid 0.9% to 20,412.52, and the Dow Jones dropped 0.9% to 44,406.36. Tesla stock plunged 6.8%, losing $60 billion in market cap after CEO Elon Musk launched a political party—raising concerns over leadership focus. The stock regained 0.6% in after-hours trading.
Investors now await Wednesday’s release of the Federal Reserve’s June meeting minutes for further clues on interest rate policy amid inflation risks tied to Trump’s trade agenda.
