World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
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 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Overview of US Stock Futures
US stock futures were largely flat on Wednesday as investors prepared for a wave of quarterly earnings reports, including Tesla. As of 03:31 ET (07:31 GMT), the Dow futures were down 115 points (0.3%), while S&P 500 and Nasdaq 100 futures showed little movement.
Tesla Earnings Report Anticipated
Tesla's upcoming earnings report is anticipated to make waves in the market. The company's shares have struggled this month, especially after the recent unveiling of its robotaxi, which left investors wanting more details. Year-to-date, Tesla shares have declined by approximately 12%, contrasting sharply with the S&P 500’s 23.4% increase.
Texas Instruments Surprises Investors
Texas Instruments reported a third-quarter profit exceeding expectations, with earnings per share at $1.47 on revenues of $4.15 billion. This positive outcome drove a rise in its share price during after-hours trading, highlighting growth in its automotive product segment, particularly in the electric vehicle market.
Starbucks Faces Challenges
Starbucks shares fell in after-hours trading after the company suspended its financial guidance for the upcoming fiscal year. Preliminary results indicated declines in same-store sales and net revenue, attributed to lower demand for premium items. New CEO Brian Niccol emphasized the need for a strategic overhaul to regain growth.
Conclusion
Amidst these developments, oil prices are also feeling the pressure, with Brent crude dropping 0.6% to $75.62 per barrel. Increased US crude inventories were reported, raising concerns about fuel demand, while Middle East tensions continue to exert influence on market conditions.
