Japan’s market is rallying, but bond markets are flashing warnings. With rising yields, political uncertainty, and fading trust, the current surge may not hold for long.

Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.

Late last month, Wolfspeed filed for Chapter 11 bankruptcy. It will continue to operate as it restructures its debt and transforms operations. When it emerges from bankruptcy, Wolfspeed expects to have reduced its debt by 70% and its interest payments by 60%, giving the company some breathing room.

On July 22, Japan's stock market experienced significant volatility due to election uncertainties. The Nikkei 225 index rose over 1% but later fell by 0.60%, while the broader TOPIX index also declined by approximately 0.

The indices are all poised to finish the week with gains, with the Dow and Nasdaq both set for nearly a 1% weekly advance, while the S&P 500 has risen about 1.1% so far this week.

US stock futures held steady after President Trump visited the Federal Reserve and Wall Street digested the latest batch of corporate earnings.

Japan’s Topix stock index rose above last summer’s record to close at a fresh peak as hopes of more US tariff deals brightened the outlook for global trade and economic growth.

The U.S.-listed stocks of Japanese companies are surging, amid investor enthusiasm over the U.S-Japan trade deal. The biggest gainers were the ADRs of automakers, as Toyota's stock was