Asian Market Wrap U.S. and European stock futures dropped at the start of the week after President Trump announced a 30% tariff on goods from the EU and Mexico. S&P 500 futures fell 0.4%, and European stock futures dipped 0.6%. Meanwhile, Asian stocks stayed mostly flat, with small gains in Hong Kong and China. /* […]
European indices face headwinds European markets have borne the brunt of the tariff concerns, with Euro Stoxx 50 futures declining 0.6% and Germany (DAX) 40 futures falling 0.7%. These moves reflect genuine concerns about the potential impact on European exporters, particularly Germany’s manufacturing sector, which remains heavily dependent on trade with the US. The decline in
Silver price has marked $39.10, the highest since September 2011, on Monday. The safe-haven Silver attracts buyer following President Trump’s 30% tariff on imports from the European Union and Mexico. Traders adopt caution after US economic adviser Kevin Hassett suggested that Trump could remove Fed’s Powell “if there’s cause.” Silver price (XAG/USD) extends its three-day
2025.07.14 2025.07.14 US Dollar Wins Battle But May Lose War. Forecast as of 14.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The actions of the US president appear to be contrary to his objective of weakening the US dollar. The Fed is delaying its decision to reduce interest rates due to high tariffs against Brazil, Canada, Mexico, and the EU.
Risk sentiment turned mildly negative in Asia on Monday following US President Donald Trump’s announcement of 30% tariffs on imports from the EU and Mexico, starting August 1. While US futures turned lower, equity markets in Asia were more muted, digesting the move in context of still-holding EU retaliation. The 30% tariff rate on EU
A busy week lies ahead in terms of economic events, even though Monday starts off slowly with no significant scheduled releases affecting the FX market. On Tuesday, the main focus will be on inflation data from both Canada and the U.S. Additionally, the U.S. will release the Empire state manufacturing index. On Wednesday, the U.K.
Trade tensions weigh on Wall Street despite modest losses United States (US) equity markets closed lower last week as trade tensions resurfaced on Monday and intensified throughout the week. For the week: These modest declines likely reflect the widely held view that tariff threats are primarily a negotiation tactic designed to pressure trading partners into
China’s Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY585.96 billion, narrowing from the previous figure of CNY743.56 billion. China’s Exports rose 7.2% YoY in June vs. 6.3% in April. The country’s imports increased 2.3% YoY in the same period vs. -2.1% recorded previously. In US Dollar (USD) terms, China’s trade surplus expanded more than
Australian Prime Minister Anthony Albanese, speaking to reporters in Shanghai, emphasized that maintaining a strong and constructive relationship with China is vital for Australia’s national interest. Albanese stressed the need for a “stable and secure region,” adding that Australia is committed to engaging cooperatively with its key trading partners while promoting peace, prosperity, and mutual
China’s economy likely grew slightly above the government’s annual target in the second quarter according to the Bloomberg survey of analyst expectations. Bloomberg is gated, but in brief: Bloomberg’s survey forecasting a 5.1% year-on-year GDP increase for the quarter ending in June Growth was supported by strong export performance, aided by a trade truce with
Singapore’s gross domestic product expanded a seasonally adjusted 5.6 percent on quarter in the second quarter of 2025, the Singapore Department of Statistics said on Monday. That beat expectations for an increase of 0.7 percent following the 2.6 percent contraction in the three months prior. On an annualized basis, GDP climbed 4.3 percent – again
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3. That’s up from the upwardly revised 44.1 in May (originally 44.0), although it remains beneath the boom-or-bust line of 50 that separates
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Mon: EU 90-Day Retaliatory Pause Ends; Indian WPI (Jun), Chinese Trade Balance (Jun) Tue: OPEC MOMR; Chinese House Prices (Jun), Retail Sales (Jun), GDP (Q2), German WPI (Jun), EZ Industrial Production (May), German ZEW (Jun), US CPI (Jun), NY Fed Manufacturing (Jul), Canadian CPI (Jun) Wed: UK CPI (Jun), EZ Trade (May), US PPI (Jun),
Trump hits the European Union (EU) and Mexico with a 30% tariff, starting on August 1, and more if they retaliate. Trump announced a new round of tariffs on his Truth social media app 30% blanket levy on all imports from both the European Union (EU) and Mexico, effective August 1 follows the breakdown of
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for
