Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. stock futures edged higher Sunday evening following strong weekly gains on Wall Street, with both the S&P 500 and Nasdaq closing at record highs. S&P 500 Futures rose 0.3% to 6,241.75, Nasdaq 100 Futures climbed 0.4% to 22,841.75, and Dow Jones Futures advanced 0.5% to 44,342.0 by 8:45 p.m. ET.
Investor sentiment was buoyed by the Senate’s narrow 51–49 procedural vote to begin debate on President Donald Trump’s sweeping tax and spending bill, dubbed “One Big Beautiful Bill.” The legislation proposes major tax cuts, spending reforms, and border security funding. While it passed the Senate hurdle, the bill still faces challenges in the House over concerns about its $3.3 trillion projected impact on the federal deficit, according to the Congressional Budget Office.
Wall Street ended the week on a high note, driven by optimism around Federal Reserve rate cuts and easing geopolitical tensions. On Friday, the S&P 500 and Nasdaq each gained 0.5% to reach record closing highs. The Dow Jones Industrial Average jumped 1%, moving closer to its all-time peak.
Market momentum was fueled by cooling inflation data, which strengthened expectations for two potential rate cuts by the Fed later this year. Investors were also encouraged by the Trump-brokered ceasefire between Israel and Iran, along with growing hopes that U.S. trade deals could be finalized before Trump’s July 9 deadline.
Despite Fed Chair Jerome Powell warning that tariffs may push inflation higher in the short term, markets are increasingly pricing in monetary easing. The combination of legislative developments, macroeconomic signals, and geopolitical calm helped propel risk appetite into the new week.
