Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
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.
