Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
U.S. stock index futures showed little movement Sunday night following record-breaking closes last week, as rising oil prices and stalled U.S.-Iran negotiations weighed on investor sentiment. Market participants are now preparing for a critical week filled with major corporate earnings and a key Federal Reserve decision.
S&P 500 futures slipped 0.1% to 7,189.75, while Dow Jones futures declined 0.2% to 49,293. Meanwhile, Nasdaq 100 futures edged up 0.1% to 27,455.75. Despite the muted start, Wall Street recently posted strong gains, with the S&P 500 and Nasdaq Composite reaching all-time highs after four consecutive weeks of growth. The Nasdaq led weekly gains with a 1.5% increase, while the S&P 500 rose 0.6%. The Dow Jones Industrial Average, however, dipped 0.4% over the same period.
Energy markets are drawing attention as oil prices climb sharply. Brent crude surged to $108 per barrel during Asian trading after U.S.-Iran talks stalled, raising concerns over global supply disruptions. The ongoing closure of the Strait of Hormuz, a key oil transit route, has intensified fears of prolonged energy constraints, further impacting global market confidence.
Geopolitical tensions escalated after U.S. President Donald Trump canceled a planned diplomatic visit to Pakistan aimed at advancing Iran-related negotiations. Talks held earlier in Islamabad failed to produce a breakthrough, leaving uncertainty around future developments.
Investors are now focused on upcoming earnings reports from major technology companies, often referred to as the “Magnificent Seven.” Microsoft, Alphabet, Amazon, and Meta Platforms are set to release results midweek, followed by Apple. These reports are expected to play a significant role in shaping market direction.
Additionally, attention is on the Federal Reserve’s policy announcement on Wednesday. This meeting could be particularly notable as it may be the final one chaired by Jerome Powell before a leadership transition, adding another layer of importance for investors monitoring interest rate outlooks and economic signals.
