Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
U.S. stocks closed higher Tuesday as easing geopolitical tensions and comments from Federal Reserve Chair Jerome Powell boosted investor sentiment. The Dow Jones rose 507 points (+1.2%), the S&P 500 gained 1.1%, and the Nasdaq climbed 1.4%.
Markets reacted positively to a ceasefire announcement between Israel and Iran. Former President Donald Trump declared on social media that the ceasefire was “in effect,” sparking optimism that the recent 12-day conflict had ended. However, uncertainty remains after Trump criticized both countries for post-deal aggression. Israel launched new strikes in Tehran, citing Iranian missile fire. Iran denied involvement, claiming Israel violated the ceasefire beyond its official start time.
Oil prices fell sharply as the ceasefire eased concerns of supply disruption and inflationary pressure, removing a key risk premium from crude markets.
Meanwhile, Federal Reserve Chair Powell’s testimony to Congress signaled that rate cuts remain possible. “Many paths are possible,” Powell said, noting that the Fed is waiting to assess the economic impact of rising tariffs. He warned tariffs may lift inflation temporarily, though effects could be short-lived.
Two Trump-appointed Fed governors have recently supported July rate cuts. Trump also pressed for aggressive easing, criticizing Powell publicly.
In corporate news, Tesla (TSLA) extended gains after launching its Robotaxi pilot program in Austin, Texas, using 10 to 20 Model Y vehicles. Chewy (CHWY) shares declined following its $1 billion stock offering and a $100 million buyback announcement. KB Home (KBH) dropped after cutting its full-year revenue guidance to $6.3–$6.5 billion, down from $6.6–$7 billion.
