U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Asian stocks edged lower on Monday, weighed by losses in Wall Street futures after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the EU and Mexico starting August 1. While the European Union extended its suspension of counter-tariffs and signaled a continued push for negotiation, Germany called for firm retaliation if the levies proceed.
Markets responded cautiously, reflecting either resilience or growing complacency. MSCI’s Asia-Pacific index outside Japan remained flat, while Japan’s Nikkei fell 0.5%. S&P 500 and Nasdaq futures dropped 0.4% ahead of a critical earnings season kickoff, with U.S. banks set to report Tuesday. Analysts expect S&P profits to rise 5.8% year-over-year, down from earlier 10.2% forecasts. BofA predicts a modest 2% beat, below historical averages.
Treasuries saw minor safe-haven flows, keeping 10-year yields at 4.41%. Futures hinted at a slight increase in rate-cut expectations for 2026. Despite Fed Chair Jerome Powell’s measured stance, Trump escalated pressure for more stimulus, even suggesting Powell should resign due to Fed HQ renovation overruns.
Traders await U.S. June CPI data due Tuesday, which could reflect early inflationary effects from tariffs. Additional economic indicators—including producer prices, import prices, and retail sales—will provide further insights into consumer resilience. Meanwhile, China's June trade data and GDP are set for release this week.
Currency markets saw the euro dip 0.2% to $1.1665, while the dollar gained on the yen and Mexican peso amid tariff fears. Gold rose 0.3% to $3,366 as a safe-haven asset. Oil prices inched higher on speculation of potential new U.S. sanctions on Russian crude buyers, with Brent at $70.45 and WTI trading at $68.50.
