Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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U.S. stock index futures held steady Monday evening after Wall Street extended its rebound for a second session, driven by bargain hunting and positive economic data. However, gains were capped as investors remained cautious ahead of the Federal Reserve’s two-day meeting and awaited key insights from Nvidia’s developer conference.
The S&P 500 Futures stayed flat at 5,732.25, while Nasdaq 100 Futures hovered at 20,035.25 by 19:29 ET. Dow Jones Futures steadied at 42,231.0. Investors widely expect the Fed to keep interest rates unchanged, but signs of labor market cooling and recession concerns could soften its hawkish stance. Inflation and uncertainty over former President Donald Trump’s proposed tariffs remain key risks.
Nvidia (NASDAQ:NVDA) steadied in after-hours trading after a 1.8% dip during Monday’s session. The stock remains down 20% from its January peak as investor sentiment toward AI stocks wavers. CEO Jensen Huang is set to deliver the keynote at Nvidia’s GTC 2025 conference Tuesday, potentially unveiling advancements in AI chips, including its Blackwell line.
Meanwhile, Wall Street closed higher Monday, extending its recovery from last week’s correction. The S&P 500 gained 0.6%, the Nasdaq Composite rose 0.3%, and the Dow added 0.9%. Retail sales data showed stronger-than-expected growth, excluding gasoline and automobiles, though overall sales underperformed expectations. The Atlanta Fed revised its Q1 GDP outlook to a 2.1% decline, slightly better than prior estimates of 2.4%.
While optimism over a Russia-Ukraine ceasefire provided some risk support, Trump’s renewed tariff threats kept markets wary. Investors now turn to the Fed and Nvidia for crucial market-moving updates.
