Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Trump, Xi Focus on Trade and AI at White House Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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U.S. stock futures held steady Tuesday evening following a positive close for the S&P 500 and Nasdaq, driven by easing inflation and optimism over the U.S.-China trade deal. S&P 500 Futures edged up 0.1% to 5,908.0, Dow Jones Futures gained 0.1% to 42,265.0, while Nasdaq 100 Futures hovered near flat at 21,290.50.
Earlier in the day, the S&P 500 climbed 0.7% and the Nasdaq surged 1.6%, fueled by a softer-than-expected April CPI reading. Meanwhile, the Dow dipped 0.6%, pressured by an 18% drop in UnitedHealth (NYSE:UNH) after it withdrew its full-year outlook and CEO Andrew Witty announced his resignation amid rising medical costs.
The consumer price index rose 2.3% year-over-year in April, slightly below forecasts of 2.4%. Month-over-month inflation came in at 0.2%, under the expected 0.3%, and core inflation also rose just 0.2%, easing pressure on the Federal Reserve to tighten policy.
Adding to market cheer, the U.S. and China agreed to a 90-day reduction in tariffs. The U.S. will slash tariffs on Chinese goods from 145% to 30%, while China will cut its own from 125% to 10%. Lower trade tensions are seen as supportive of economic growth and may reduce inflationary risks.
Nvidia (NASDAQ:NVDA) jumped 5.6% after confirming a major AI chip sale to Saudi firm Humain for a planned 500 MW data center. Boeing (NYSE:BA) rose 2% as China lifted a ban on plane deliveries. Coinbase (NASDAQ:COIN) surged ahead of its May 19 inclusion in the S&P 500, while Under Armour (NYSE:UAA) gained on strong quarterly revenue.
