Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Australia Jobs Growth Strengthens Rate Hike Outlook 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
U.S. stock index futures fell sharply on Sunday evening after former President Donald Trump announced plans to impose new trade tariffs on several European countries, unsettling global markets and driving investors toward safe-haven assets. The comments sparked renewed concerns about trade tensions, geopolitical risk, and their potential impact on the global economy, sending gold prices to a fresh record high in late trading.
As of 18:41 ET (23:41 GMT), S&P 500 futures dropped 0.7% to 6,930.0 points. Nasdaq 100 futures declined nearly 1% to 25,437.50 points, while Dow Jones futures fell 0.6% to 49,269.0 points. Trading volumes remained thin ahead of Monday’s Martin Luther King Jr. Day holiday, amplifying market volatility. The declines followed a mildly negative session on Friday, with investors already cautious ahead of a busy earnings calendar.
Market sentiment deteriorated after Trump said he would impose an additional 10% tariff starting February 1 on goods imported from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Britain. He added that the tariffs could rise to as much as 25% by June if negotiations over Greenland fail to produce a deal. The remarks reignited fears of a broader trade conflict between the U.S. and Europe, particularly as several European governments, including France, signaled potential retaliatory measures.
Trump reiterated his long-standing stance that Greenland should become part of the United States, arguing it is critical for national security. Greenland is a self-governing territory under the Kingdom of Denmark, and the proposal has been widely rejected by European leaders. The rhetoric drew additional attention given Trump’s earlier suggestion of possible military involvement and heightened geopolitical tensions following a U.S. incursion in Venezuela earlier this year.
Looking ahead, investors are shifting focus to key fourth-quarter earnings reports expected this week. Netflix, Johnson & Johnson, 3M, U.S. Bancorp, Charles Schwab, Prologis, and Halliburton are among major companies set to report results. These earnings will be closely analyzed for insights into consumer demand, corporate profitability, and the broader U.S. economic outlook, especially after mixed signals from major bank earnings last week.
