Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Wall Street stocks closed slightly higher on Monday, with investors holding back amid renewed U.S. tariff threats and ahead of key economic data and earnings reports. President Donald Trump reignited trade tensions by announcing a 30% tariff on most imports from the EU and Mexico starting August 1, pressuring both parties into last-minute negotiations. The EU responded by pausing its retaliatory measures until early August, while the White House confirmed that talks with the EU, Canada, and Mexico are ongoing.
Despite the headline risk, market reaction was limited as investors have grown accustomed to Trump’s unpredictable trade stance. The Dow Jones rose 88.14 points (0.20%) to 44,459.65, the S&P 500 added 8.81 points (0.14%) to 6,268.56, and the Nasdaq Composite climbed 54.80 points (0.27%) to a record 20,640.33—its seventh record close since June 27.
Trading volume remained light at 15.43 billion shares, below the 20-day average of 17.62 billion. Communication services led gains among S&P sectors, up 0.7%, boosted by Netflix and Warner Bros. Discovery. In contrast, the energy sector dropped 1.2% as crude oil prices fell 2.2% following Trump’s threat of tariffs on Russian oil buyers.
Crypto-related stocks advanced as Bitcoin crossed the $120,000 mark. Coinbase rose 1.8%, while MicroStrategy surged 3.8%. Investor focus now shifts to Tuesday’s consumer price index, expected to show a June inflation uptick, and Wednesday’s producer and import price data. The second-quarter earnings season begins Tuesday, led by major Wall Street banks.
Meanwhile, Waters Corp plunged 13.8% after announcing a $17.5 billion merger with Becton Dickinson’s biosciences unit, marking one of the largest lab equipment deals in recent years.
