Corn decreased to 384.50 USd/BU, the lowest since October 2020. Over the past 4 weeks, Corn lost 7.95%, and in the last 12 months, it decreased 5.06%.

US stock futures ticked higher on Tuesday as investors digested the latest round of corporate earnings. In after-hours trading, Palantir surged over 4% after the AI software company beat second-quarter earnings expectations and raised its outlook on robust demand for its AI Platform. In contrast, Hims & Hers Health sank roughly 13% after missing Q2 revenue estimates. Attention now turns to earnings results due Tuesday from major names including AMD, Pfizer, Snap, Rivian, and Yum! Brands. On Monday, the Dow rose 1.34%, the S&P 500 added 1.47%, and the Nasdaq Composite jumped 1.95%, with Wall Street rebounding from last week’s pullback. The rally was driven by renewed optimism for a potential Fed rate cut in September following a weak July jobs report and downward revisions to previous months’ data.

A Japanese Labour Ministry panel recommended on Monday a hike of 63 yen, or 6.0%, in the average minimum hourly wage for this fiscal year. The increase is up from the previous year's proposed 50-yen hike and marks the largest rise since at least 2002, as the government scrambles to sustain wage-driven economic growth. The proposed increase would raise the average minimum wage to 1,118 yen ($7.57) per hour, a Labour Ministry official said, surpassing last year's 5% increase and marking the biggest rise since the current system was introduced 23 years ago. Prime Minister Shigeru Ishiba pledged last year to make "untiring efforts" to raise the average minimum wage by 42% to 1,500 yen per hour by the end of the decade — a goal that was brought forward from the original mid-2030s target set by the previous administration.

South Korea's consumer prices rose 2.1% year-on-year in July 2025, easing slightly from the 2.2% increase in June and aligning closely with market expectations of 2.13%. The largest price gains were seen in miscellaneous goods & services (4.3%), food & non-alcoholic beverages (3.5%), household furnishings and maintenance (3.4%), restaurants & hotels (3.2%), and education (2.6%). The slight cooling in inflation comes as the Bank of Korea held interest rates steady at its July meeting, prioritizing financial stability amid pressure from US tariffs, surging housing prices, and rising household debt. On a monthly basis, consumer prices edged up 0.2%, just under the forecasted 0.22%.

The S&P Global Australia Composite PMI rose to 53.8 in July from 51.6 in June, marking the strongest expansion in private sector activity since April 2022. This was the tenth consecutive monthly increase, driven by a faster rise in services activity and a return to growth in manufacturing output. New orders also picked up, although export business continued to decline. Firms responded to rising workloads by hiring at a quicker pace, helping to reduce backlogs. Cost inflation accelerated, and stronger demand led to the fastest increase in average selling prices in nearly two years. Despite these pressures, overall business sentiment remained positive, though confidence slipped to an eight-month low.

The S&P Global Flash Australia Services PMI Business Activity Index rose to 54.1 in July from 51.8 in June, marking the highest level since March 2024 and signaling a stronger expansion in the services sector. The expansion was fueled by a sharp rise in new business, mainly in the domestic market, while export demand stabilized after four months of contraction. Real estate and business services led the gains, and firms increased hiring to manage workloads, reducing backlogs for a third straight month. Input cost inflation intensified, driven by higher material, fuel, and labor costs, prompting firms to raise prices at the fastest pace in nearly two years. While overall sentiment remained positive, business confidence slipped to a nine-month low amid cost concerns and economic uncertainty. Some firms, however, remained optimistic due to expansion plans and potential interest rate cuts.

Equities in New Zealand rose 91 points, or 0.7%, to 12,775 in morning trade on Tuesday, halting losses from the previous four sessions. The NZX 50 tracked an upbeat session on Wall Street overnight, as a weaker-than-expected jobs report raised bets on interest rate cuts happening sooner. Traders anticipated the release of New Zealand's unemployment data for Q2 later this week, with the market expecting it to rise to 5.3% — the highest since Q4 of 2016 — raising hopes that the central bank will cut interest rates at its next meeting this month. However, traders continued to monitor the development of US trade tariff policy and were anticipating the release of services PMI data from China, New Zealand's top trading partner, later today. Almost all sectors traded in the green, including financials, consumer discretionary, utilities, and healthcare, with notable gains from Infratil (3.7%), ANZ Group (1.9%), Mainfreight (1.5%), Skellerup (1.3%), and Fisher & Paykel (0.9%).

Iron Ore increased to 100.77 USD/T, the highest since April 2025. Over the past 4 weeks, Iron Ore gained 4.67%, and in the last 12 months, it decreased 4.26%.

ICYMI - EU delays retaliation against Trump tariffs for six months.The European Union will delay its planned retaliatory tariffs against the U.S., originally set to begin Thursday, as part of a deal reached between President Trump and European Commission President Ursula von der Leyen.

South Korea's foreign exchange reserves rose to $411.3 billion in July 2025, up from $410.2 billion in June. The increase was mainly driven by a rise in securities holdings, which grew to $365.1 billion from $358.5 billion. In contrast, deposits declined to $21.3 billion from $26.5 billion, while Special Drawing Rights (SDRs) edged down to $15.7 billion from $15.9 billion. Gold reserves remained steady at $4.8 billion, as did the IMF reserve position at $4.5 billion.

Natural Gas Price Forecast: Breaks Key Support, Sellers in Control.Natural gas plunged below key support, confirming a bearish breakdown and targeting lower levels around $2.84 to $2.53 as downside momentum accelerates.

Economic calendar in Asia Tuesday, August 5, 2025 - China services PMI.Today we get the final of main PMIs for July, S&P Services and S&P Composite PMIs. Both are expected to have slipped just a little from June but remain in expansion.

The Ibovespa rose over 0.4% to close at 132,971 on Monday, as optimism over US trade talks lifted risk appetite. Finance Minister Fernando Haddad said he would speak with US Treasury Secretary Scott Bessent, while President Trump invited Lula to call him anytime to resolve the dispute over the 50% tariff on Brazilian goods—an offer Lula welcomed by reaffirming Brazil’s openness to dialogue. Global sentiment was further buoyed by stronger-than-expected June payrolls and a modest rebound in Brazil’s industrial output, alongside growing bets on a September Fed rate cut following Friday’s weak US jobs report. On the corporate front, Raia Drogasil jumped 6.1%, B3 rose 1.4%, and Santander advanced 1.7%, while Banco do Brasil sank 6.9% after Central Bank data showed its May “implicit profit” plunged to R$516 million from R$3.5 billion a year earlier, triggering sharp downward revisions to Q2 earnings forecasts.

In New York, the Dow Jones Index went up by 585 points or 1.34 percent on Monday. Top gainers were Nvidia (3.57%), Walt Disney (2.42%) and 3M (2.38%).

Stocks in the US rebounded sharply Monday, with the S&P 500 rising 1.5%, snapping four-day losing streak, the Dow jumping 585 points and the Nasdaq surging 1.9%, as investors snapped up shares following Friday’s sell-off. The bounce was fueled by renewed hopes for a Fed rate cut in September following a weak July jobs report and downward revisions to prior months. President Trump fired the head of the Bureau of Labor Statistics in response and said he’ll name a replacement this week, along with a successor for outgoing Fed Governor Adriana Kugler. Meanwhile, updated tariffs of 10% to 41% added pressure, though Switzerland and the EU signaled openness to negotiate. Tech megacaps led gains as traders focused on strong earnings, with 82% of S&P 500 companies reporting better-than-expected results so far. Palantir jumped by 4.2% ahead of its earnings after the bell, Nvidia jumped 3.5% while Amazon fell 1.5%. In turn, Berkshire Hathaway lost 3% after its earnings release over the weekend.

Doubleline Gundlach: His base case is still two Fed rate cuts this year.DoubleLines Jeffrey Gundlach is on CNBC. He is more of a bond guy, but is considered a big thinker.

Crude oil settles at $66.29.However, oil prices rebounded off session lows, supported by a weaker U.S. dollar and President Trump's warning that tariffs on India could be raised “substantially” in response to its continued purchases of Russian crude.

Paraguay’s annual inflation rate rose to 4.3% in July 2025, up from 4% in June, driven by rising prices for food (6.3%), services in the basic basket (3.8%), and fuels (1.5%). These increases were partially offset by falling prices for imported durable goods, whose inflation slowed to 3.5% amid favorable movements in the guaraní-dollar exchange rate during the month. On a monthly basis, inflation accelerated to 0.4% after remaining flat in June. Year-to-date inflation stood at 3.3%.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Trump Says U.S. Will Raise Tariffs On India's Goods.U.S. President Trump accused India of buying Russian oil.

Euro Strengthens As Post-Payroll Fallout Sets Stage For Fed's September Rate Cut.Last week was a rollercoaster ride from start to finish, with the market closing on Friday. Equity markets initially showed weakness before being propped up by strong tech earnings mid-week.

Brazil added 166,621 formal jobs in June 2025, up 8.77% from May but down 19.2% year-on-year, marking the second-lowest June result in the historical series—only higher than June 2020. All five major economic sectors posted gains, led by services (+77,057), trade (+32,938), and agriculture (+25,833), followed by industry (+20,105) and construction (+10,665). Positive job balances were seen in 26 of the 27 states, with São Paulo, Minas Gerais, and Rio de Janeiro leading. In the first half of 2025, Brazil created 1.22 million formal jobs, the strongest H1 result since 2024. The average real wage in June rose to R$2,278.37, up 1.09% from May and 1.28% from a year earlier.

Indian Foreign minister: The targeting of India is unjustified and unreasonable.Targeting of India is unjustified and unreasonable. India will take all necessary measures to safeguard its national interests.

U.S. Dollar Attempts To Rebound After Sell-Off: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.U.S. dollar gains some ground as forex traders buy the dip.

In Milan, the FTSE MIB Index went up by 755 points or 1.89 percent on Monday. Top gainers were Mediobanca (4.08%), Banca Monte dei Paschi di Siena (3.61%) and UniCredit (3.45%).

In Frankfurt, the DAX Index rose 332 points or 1.42 percent on Monday. Leading the gains are Commerzbank (5.03%), Allianz (3.35%) and Deutsche Bank (3.33%).

In Paris, the CAC 40 Index gained 80 points or 1.06 percent on Monday. Gains were led by Safran (2.71%), BNP Paribas (2.57%) and Schneider Electric (2.32%).

In London, the FTSE 100 Index went up by 55 points or 0.61 percent on Monday. Top gainers were Lloyds Banking (8.40%), London Stock Exchange (3.23%) and Natwest (2.27%). Biggest losses came from Haleon (-2.27%), Frasers Group (-1.92%) and Rentokil Initial (-1.91%).

The FTSE MIB jumped nearly 2% to 40,687 on Monday, rebounding from Friday’s tariff-driven selloff as European markets regained footing. A weak US jobs report sparked a sharp shift in interest rate expectations, with markets now pricing in an 85% chance of a Fed rate cut in September. Uncertainty intensified after President Donald Trump fired the US labor statistics chief, fueling concerns about data credibility. In Milan, banks led gains: Mediobanca (+4.1%) rose after reporting higher earnings amid an ongoing takeover attempt by Monte dei Paschi (+3.5%). The deal is among the most closely watched in Italy’s banking sector, with Mediobanca also pursuing a separate bid for Banca Generali. Meanwhile, UniCredit (+3.5%) withdrew its offer for Banco BPM after Golden Power approval failed and is now turning its attention to increasing its stake in Germany’s Commerzbank to 30%.

The FTSE 100 closed up 0.7% on Monday, driven by sharp gains in UK banking stocks following a favorable Supreme Court ruling on the motor finance probe. Lloyds Banking Group surged over 8%, hitting its highest level since 2015, while NatWest rose more than 2% and Barclays gained 1.5%. HSBC and Standard Chartered also climbed. The ruling overturned a lower court’s decision, easing fears of massive compensation payouts tied to motor finance misselling. The Financial Conduct Authority now estimates potential redress at £9 billion—far below earlier market concerns of up to £30 billion. Lloyds, the largest player in UK motor finance, was upgraded by RBC, with analysts calling the ruling a “clearing event” that removes a major overhang on the stock. BP also rose nearly 2% ahead of its earnings report, as investors look for updates on its pivot back toward traditional energy sources.

European stocks closed firmly higher on Monday, rebounding from the sharp selling pressure last week as markets reconsidered the impact that tariffs will have on growth this year. The Eurozone's STOXX 50 jumped by 1.5% to 5,242 and the pan-European STOXX 600 rose a softer 0.8% to 540, weighed by underperformances in Switzerland due to the increase in US tariffs against the country. Banks and insurers led the gains in the session, coinciding with the strong performances in domestic bonds and the narrowing of their spreads. UniCredit, Santander, Intesa Sanpaolo, BBVA, and Allianz added between 4.5% and 3.2%. Industrial giants also recorded gains following the pressure from last week, with Safran and Schneider Electric adding over 2%. Outside the Eurozone, British banks surged after winning a reprieve in an auto financing case. On the other hand, Swiss stocks closed lower on average as policymakers started negotiations with US counterparts for more favorable trade terms.