Trump, Xi Focus on Trade and AI at White House Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Add as a preferred source on Google
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.
