A US Supreme Court ruling striking down “reciprocal” tariffs is prompting trade partners to reassess agreements as the Trump administration moves to a temporary 15% global levy under separate legal authority.

Japan’s Prime Minister Sanae Takaichi won a landslide snap election, securing a strong parliamentary mandate with implications for economic policy, defense, and regional geopolitics.

Global markets moved higher after the U.S. signaled a retreat from proposed European tariffs, easing near-term trade and policy risk.

The Bank for International Settlements highlights an uncommon simultaneous rise in gold and equities, pointing to changing market behavior and asset correlations.

The Bank of Japan signals a potential December rate increase, sending the yen higher and reshaping global currency and fixed-income markets.