Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Trump, Xi Focus on Trade and AI at White House Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
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U.S. stocks surged Monday, bouncing back from Friday’s sharp selloff as investors welcomed signs of easing tensions between Washington and Beijing. The S&P 500 jumped 1.6%, the Nasdaq Composite soared 3.2%, and the Dow Jones Industrial Average climbed 588 points, or 1.3%, after President Donald Trump struck a conciliatory tone toward China.
Trump said over the weekend that “everything will be fine” and that the U.S. was not looking to harm China, remarks that helped calm fears of a full-blown trade war. His earlier threats to impose tariffs of up to 100% on Chinese goods and restrict exports of critical U.S. software had rattled markets, especially after Beijing expanded its export curbs on rare earth materials. However, the upcoming meeting between Trump and Chinese President Xi Jinping could offer a diplomatic “off-ramp,” analysts at Capital Economics noted.
Despite hopes of de-escalation, traders remain cautious amid unpredictable policy shifts. A deeper U.S.-China rift could still weigh heavily on both economies, though China’s resilience has exceeded expectations so far.
Tech stocks led Monday’s rally, fueled by artificial intelligence enthusiasm and prospects for lower interest rates. Broadcom shares surged 10% after announcing a multiyear partnership with OpenAI to develop and deploy 10 gigawatts of custom AI accelerators and computing systems by 2029. Oracle also gained ahead of its major AI event in Las Vegas, while chipmakers ASML and TSMC prepare to release earnings later this week.
In media news, Warner Bros Discovery (NASDAQ: WBD) jumped after reports that it rejected a $20-per-share takeover offer from Paramount Skydance, potentially setting the stage for renewed negotiations or a hostile bid.
Meanwhile, gold prices soared to new record highs, with spot gold hitting $4,109.79 per ounce and U.S. futures climbing to $4,128.85, as investors sought safety amid global uncertainty. Silver also reached an all-time high, underscoring strong safe-haven demand despite improving market sentiment.
