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
Log in to today’s session recap for the July 11, 2025. Cryptocurrencies captured the attention from Markets in today’s session at the cost of global Equity Indices. Yesterday afternoon saw the huge rise in Bitcoin and Ethereum that dragged upwards all digital assets, as markets failed to correct in the previous months despite war fears
Markets: Gold up $33 to $3355 US 10-year yields up 7.1 bps to 4.42% WTI crude oil up $2.14 to $68.71 S&P 500 down 0.3% USD leads, JPY lags We went into the day waiting for Trump’s letter to the EU with a higher tariff rate but it has yet to arrive. Reports late in
Canada CPI – Tuesday, July 15 at 8:30am ET Canada’s inflation data will be closely watched, with headline CPI m/m expected at 0.2%, down from 0.6% previously. Both Median and Trimmed CPI y/y are forecast to remain steady at 3.0%, signaling a still-elevated but stable inflation environment. A softer print could strengthen the case for
Gold had been struggling in the past few weeks, particularly since Israel-Iran war-induced Risk-off moves failed to bring the precious metal to new all-time highs.However, the Bullion hasn’t retracted majorly from its elevated levels, still up around 28.60% in 2025 despite being about $200 from its ATH price – A sign of resilience.Last week’s bearish formation
In developed markets, US inflation takes center stage. Inflation has been steady recently, with monthly increases of 0.1% and 0.2%. However, I expect it would take about three months after the tariffs for their effects to appear. This means the July, August, and September CPI reports will likely show a bigger impact. There is a
The major European indices are ending the week today with moves to the downside. However, for the week, share prices are higher. A snapshot of the closing levels today shows: German DAX, -0.82% France’s CAC, -0.92% UK’s FTSE 100 -0.38% Spain’s Ibex -0.94% Italy’s FTSE MIB -1.11%. For the trading week: German DAX, +1.97% France’s
Stock heatmap by FinViz.com Fri, 11 Jul 2025 14:46:07 GMT Sector Overview The US stock market today presents a dynamic landscape with varied performances across sectors, as depicted in the heatmap. Notably, the semiconductor sector shines bright, led by Nvidia (NVDA) with a substantial rise of 2.04%, contrasting with the general downtick in the technology
Malta’s industrial output expanded in May after a renewed decline in April, data from the National Statistics Office showed on Friday. Industrial production advanced 3.7 percent year-on-year in May, reversing a 0.7 percent fall in April, which was the first decline in nine months. Manufacturing output alone grew 3.9 percent from last year, with the
Bitcoin breaks new ground at $118,000+ Bitcoin has once again shattered expectations, soaring to a new all-time high just above $118,400.00, cementing its position as a growing force in global financial markets. The rally comes as US equities retreat, highlighting Bitcoin’s evolving role in investor portfolios during a shifting macroeconomic and policy landscape. As stocks continue
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a
S&P 500 comes off record high The S&P 500 has come off its most recent all-time high at 6,290 amid the US administration’s tariffs on Canada and plans for blanket tariffs on most other trading partners. While last and this week’s highs at 6,284-to-6,290 cap, a retracement towards the late June high at 6,215, the April-to-July
US futures fall 0.4% on Trump’s tariff escalation against Canada and EU, while Bitcoin hits records. Key events next week include earnings and CPI. Source link
The USD/CAD outlook suggests economic uncertainty in Canada. Trump announced a 35% tariff on imports from Canada, which weighed on the loonie. Market participants are awaiting Canada’s monthly employment report. The USD/CAD outlook suggests economic uncertainty in Canada following Trump’s announcement of a 35% tariff on goods from the country. As a result, the Canadian
Eurostoxx -0.5% Germany DAX -0.6% France CAC 40 -0.5% UK FTSE flat Spain IBEX -0.4% Italy FTSE MIB -0.6% At the start of the week, things were hopeful as the EU and US aimed for a makeshift deal as negotiations look set to extend further. But come today, suddenly the situation is in limbo as
