US stocks extended gains despite rising stagflation risks, with the S&P 500 and Nasdaq 100 hitting new all-time highs. Markets shrugged off trade tensions after Canada scrapped its digital tax and resumed US trade talks, fueling risk-on sentiment. In Asia, equities rallied, led by Japan's Nikkei 225. The US dollar weakened further, while the yen outperformed. Gold rebounded slightly from key support after a two-week selloff.
30-06-2025 06:08 GMT
by Kelvin Wong