Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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U.S. stock index futures were steady on Tuesday evening following a volatile Wall Street session, as investors assessed renewed U.S.-China trade tensions, major bank earnings, and comments from Federal Reserve Chair Jerome Powell.
S&P 500 Futures hovered near 6,686.75 points, while Nasdaq 100 Futures slipped 0.1% to 24,745.75 points. Dow Jones Futures remained flat at 46,498.0 points. In regular trading, the S&P 500 edged 0.2% lower, the Nasdaq Composite dropped 0.7%, and the Dow Jones Industrial Average added 0.4%.
Market sentiment has grown more cautious after President Donald Trump threatened 100% tariffs on Chinese goods in retaliation for Beijing’s restrictions on rare earth exports. Tensions escalated as Trump accused China of “purposefully not buying” U.S. soybeans and floated cutting trade ties in the cooking-oil sector, calling Beijing’s actions “economically hostile.” In response, China sanctioned five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean, a move seen as retaliation amid a U.S. probe into China’s shipbuilding dominance. Both nations have also imposed reciprocal port fees, intensifying maritime trade friction.
Amid the tense backdrop, Powell’s remarks at the National Association for Business Economics provided some relief. He noted that the outlook for inflation and employment remains broadly unchanged since September but acknowledged signs of a softening labor market. His comments were perceived as dovish, bolstering expectations for additional rate cuts later in 2025.
Earnings season also added to the market’s mixed tone. Goldman Sachs reported strong investment banking results, while JPMorgan raised its full-year net interest income forecast. Wells Fargo also topped profit estimates on improved credit performance. Investor focus now shifts to upcoming reports from Bank of America and Morgan Stanley, which could further influence market momentum.
