News
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Oil falls slightly ahead of expected OPEC+ output increase
OPEC+ expected to boost output in AugustIran reaffirms commitment to nuclear nonproliferation treatyUS tariff risks resurface as July 9 deadline loomsBy Amanda Stephenson CALGARY, July 4 (Reuters) - Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this...Reuters
Fri, Jul 4
ECB's Wunsch: Inflation risk more downward than upward
BERLIN, July 3 (Reuters) - The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.Speaking on the sidelines of a central bank conference in Sintra, the Europe...Reuters
Fri, Jul 4
U.S. Stocks Enter “Extreme Greed” Mode — BofA Sets Profit-Taking Level at 6,300 for S&P 500
TradingKey - Despite ongoing concerns over tariffs and rising U.S. fiscal deficits, investor optimism in U.S. equities remains strong. The S&P 500 and Nasdaq Composite hit new all-time highs on multiple occasions this week. CNN’s Fear & Greed Index has now entered the “extreme greed” zone, raising
TradingKey
Fri, Jul 4
Stocks and dollar dip as Trump's spending bill passes, trade deal deadline nears
LONDON, July 4 (Reuters) - Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy.Reuters
Fri, Jul 4
India proposes retaliatory duties at WTO against US tariffs on autos
NEW DELHI, July 4 (Reuters) - New Delhi has proposed retaliatory duties against the U.S. at the World Trade Organization, saying Washington's 25% tariff on automobiles and some auto parts would affect $2.89 billion of India's exports, according to an official notification.Reuters
Fri, Jul 4
Musk vs. Trump’s Economic Agenda: $250 Million in Political Spending, Billions in Tesla Losses
TradingKey - From ally to opponent — Elon Musk’s investment in Donald Trump’s political campaign appears to have gone south. Tesla shares and vehicle deliveries have plummeted as tensions between Musk and the Trump administration escalate.TradingKey
Fri, Jul 4
Japan Household Spending Surges Past Forecasts: Can Consumer Strength Lift Economy?
TradingKey - Newly released May data on Japanese household spending far exceeded market expectations. Adjusted for inflation, real household consumption expenditure surged 4.7% year-over-year in May, significantly higher than the projected 1.2%, marking the largest year-over-year increase since...
TradingKey
Fri, Jul 4
Nvidia Briefly Tops Apple's Peak Value; Wall Street Maps $5T Path in 18 Months
TradingKey - On July 3, NVIDIA (NVDA) shares surged strongly, rising as much as 2.4% intraday to $160.98, pushing its market value above $3.92 trillion. This briefly exceeded Apple’s closing market capitalization record of $3.915 trillion set on December 26, 2024.TradingKey
Fri, Jul 4
Tariff Deadline Follows Tax Bill — U.S. Stocks Face Next Test: Bilateral Tariffs Could Reach 70% as the US-China Truce Looks Fragile
TradingKey - In the week of July 4, when Trump’s massive tax cut and spending bill cleared both the Senate and House votes, the S&P 500 hit record highs three times. However, as the July 9 deadline for reciprocal tariff suspensions approaches, investor sentiment has cooled — with major U.S. equityTradingKey
Fri, Jul 4
Tax Bill Passes, Averting Debt Default, While $3.4 Trillion Deficit Surge Looms Like a Time Bomb
TradingKey - On Thursday afternoon Eastern Time, the U.S. House of Representatives narrowly passed a tax cut bill championed by President Trump with a vote of 218 to 214, successfully averting a potential debt default crisis.TradingKey
Fri, Jul 4
U.S.-Vietnam Trade Deal = A Hidden Front in the U.S.-China Trade War? 40% Transshipment Tariff Targets “Made-in-China Goods via Vietnam”
TradingKey - Just weeks after the U.S. and China reached a trade framework agreement in June, the fragile truce appears to be cracking — as the U.S.-Vietnam tariff deal signals a new attempt by Washington to curb Chinese exports indirectly.
What Happens If the Euro Hits 1.20? ECB Is Uneasy while Bessent Says Europe Can’t Handle a Strong Euro Moment
TradingKey - The U.S. dollar’s sharp decline in H1 2025 has lifted non-dollar currencies, with the euro appreciating around 14% against the greenback — aligning with European Central Bank (ECB) President Christine Lagarde’s vision of a “Global Euro Moment.” However, the recent strength in EUR/USD
TradingKey
Fri, Jul 4
After Heated Bipartisan Battle, the "Big Beautiful" Bill Passes — Trillions in Fiscal Shifts to Shake Markets
TradingKey – After intense debate across both chambers of Congress, the "Big Beautiful" bill, championed by former President Donald Trump, was approved by the House on July 3 and is set to be formally signed into law by the president on Friday.TradingKey
Fri, Jul 4
Is the Strong U.S. June Jobs Report a Mirage? Hidden Signs of Labor Market Weakness Amid Falling Unemployment
TradingKey - The June 2025 U.S. nonfarm payrolls report, released by the Bureau of Labor Statistics on Thursday, July 3, surprised markets with stronger-than-expected job growth and a falling unemployment rate — effectively eliminating market expectations for a July Fed rate cut.TradingKey
Fri, Jul 4
Unlocking Future Growth? Alibaba Raises $1.53 Billion via Zero-Coupon Bond to Boost Cloud and Global Expansion
TradingKey – On July 4, Alibaba Group (BABA.US; 9988.HK) announced the successful completion of its zero-coupon exchangeable bond issuance , raising HKD 12.023 billion (approximately USD 1.53 billion).
TradingKey
Fri, Jul 4
Non-Farm Payrolls Deflate Rate Cut Hopes with 147,000 New Jobs; Economists Rule Out July Fed Cut
TradingKey - On Thursday in the US, a stronger-than-expected June non-farm payroll report dashed hopes for a rate cut in July. Joe Brusuelas, chief economist at RSM, declared a July rate cut completely off the table, while Nick Timiraos, known as the "Fed whisperer," suggested that the June jobs datTradingKey
Fri, Jul 4
Crypto Stocks Keep Soaring — But Trump’s Tariff Deadline Looms, and a Market Shock May Be Imminent
Bitcoin (BTC) broke above $110,000 on Thursday, fueling another leg up for crypto-related equities. However, with Trump’s tariff deadline approaching, analysts warn that the rally could soon hit a wall.TradingKey
Fri, Jul 4
USD/INR ticks up despite US Dollar drop in the aftermath of US NFP report
The Indian Rupee (INR) trades slightly lower at open against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 85.56 even as the US Dollar (USD) resumes its downside journey in the aftermath of the United States (US) Nonfarm Payrolls (NFP) report for June, released on Thursday.
Fxstreet
Fri, Jul 4
Trump, disappointed by call with Putin, to speak with Zelenskiy on Friday
WASHINGTON, July 3 (Reuters) - U.S. President Donald Trump said early on Friday he came away disappointed from a telephone call with Russian President Vladimir Putin because it does not appear the latter is looking to stop Russia's war against Ukraine.Reuters
Fri, Jul 4
Japan's Nikkei inches higher as chip stocks track Wall Street's record finish
TOKYO, July 4 (Reuters) - Japan's Nikkei share average inched higher on Friday, as chip-related stocks tracked a strong overnight performance on Wall Street, though the gains were capped as investors locked in profits after a recent rally.Reuters
Fri, Jul 4
Asian stocks retreat from recent peaks as US tariff deadline looms
July 4 (Reuters) - Stocks in emerging Asian economies pulled back on Friday from recent peaks, as market participants took a cautious stance ahead of U.S. President Donald Trump's July 9 tariff deadline, while regional currencies dipped against a steady U.S. dollar.Reuters
Fri, Jul 4
Japanese Yen sticks to strong Household Spending data-inspired gains
The Japanese Yen (JPY) scales higher during the Asian session on Friday following the release of strong domestic Household Spending data, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).Fxstreet
Fri, Jul 4
“Crypto Week” Set for July 14 — GENIUS Act Could Ignite Another Stablecoin Stock Rally
TradingKey – The U.S. House of Representatives has officially declared the week of July 14 as “Crypto Week”, during which lawmakers will vote on the GENIUS Act, a landmark bill aimed at regulating U.S. dollar-backed stablecoins.
TradingKey
Fri, Jul 4
