Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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U.S. stock futures were steady Tuesday evening after Wall Street closed at record highs, with investors awaiting key inflation reports that could shape next week’s Federal Reserve decision on interest rates.
S&P 500 futures edged up 0.1% to 6,529.25, while Nasdaq 100 futures held flat at 23,882.25. Dow Jones futures slipped 0.2% to 45,649.0. Earlier, all three major indexes — the Dow, S&P 500, and Nasdaq — ended at record closing highs, fueled by optimism over a potential Fed rate cut. The S&P 500 rose 0.3%, the Dow gained 0.4%, and the Nasdaq added 0.4%.
Government data showed U.S. employment growth through March was revised lower by 911,000 jobs, signaling a cooling labor market. The downward revision reinforced expectations that the economy is losing momentum, heightening pressure on the Fed to ease monetary policy.
Traders are now betting heavily on at least a 25-basis-point rate cut next week, according to CME’s FedWatch tool, with growing odds for a larger 50-point move. Attention is focused on Wednesday’s producer price index (PPI) and Thursday’s consumer price index (CPI), which could provide key signals on inflation and strengthen the case for rate cuts.
In corporate news, Apple shares fell 1.5% after unveiling its iPhone 17 lineup, including the ultrathin “iPhone Air.” Prices were set at $799 for the base iPhone 17, $999 for the iPhone Air, and $1,099 for the iPhone 17 Pro, a $100 increase from the previous Pro model.
Meanwhile, Oracle stock surged over 28% in after-hours trading on strong AI-driven growth, with MultiCloud database revenue soaring 1,529% year-over-year. GameStop also impressed investors, with Q2 revenue jumping 22% to $972.2 million, sending its shares up nearly 6% in extended trading.
