News
Important Only
Oppenheimer Joins Wall Street Bull Chorus: Hiking S&P 500 Target to 7,100
TradingKey - On July 28, Oppenheimer Asset Management announced a significant upward revision of its year-end S&P 500 target from 5,950 points (revised downward in April) to 7,100 points, representing an 11.2% upside potential from the current level of approximately 6,382 points.TradingKey
Mon, Jul 28
Trump Signals Global Tariff Push — Will Impose Uniform Rate on Nations Without Deals
TradingKey - U.S. President Donald Trump said Monday, during a joint press conference in Turnberry, Scotland with British Prime Minister Keir Starmer, that he “very likely” will impose a uniform 15% to 20% import tariff on all countries that have not signed bilateral trade agreements with the US.TradingKey
Mon, Jul 28
Gold falls for fourth day as US–EU trade deal boosts US Dollar, yields
Gold price extended its losses for the fourth consecutive trading day, down more than 0.60%, as the European Union (EU) and the United States (US) reached a trade agreement over the weekend, reducing duties on EU goods from a proposed 30% to 15%.
Fxstreet
Mon, Jul 28
Oil rises 2% on US-EU trade deal, Trump's shorter deadline for Russia
US, European Union avert trade war with 15% tariff dealTrump reduces deadline for Russia to end war in Ukraine to 10-12 daysOPEC+ panel stresses need for full compliance with output limitsBy Stephanie Kelly NEW YORK, July 28 (Reuters) - Oil prices rose 2% on Monday after a trade deal between the ...Reuters
Mon, Jul 28
US, China hold new talks on tariff truce, easing path for Trump-Xi meeting
Stockholm talks aim to extend tariff truce by 90 daysTalks expected to resume on TuesdayTrump-Xi meeting could ease trade tensions, analysts sayChina seeks reduction of US tariffs and tech export controlsBy David Lawder and Greta Rosen Fondahn STOCKHOLM, July 28 (Reuters) - Top U.S. and Chinese e...Reuters
Mon, Jul 28
Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level
Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000.
NewsBTC
Mon, Jul 28
EU-US trade deal could add up to $19 billion in pharma industry costs, analysts say
July 28 (Reuters) - The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.Reuters
Mon, Jul 28
Canadian PM Carney says its unlikely to obtain a trade deal without tariffs
Canadian Prime Minister Mark Carney noted on Monday while answering media questions that despite United States (US) President Donald Trump's claims that Canada is "difficult to deal with", trade talks are ongoing.Fxstreet
Mon, Jul 28
Trump eyes 'world tariff' of 15-20% for most countries
TURNBERRY, Scotland, July 28 (Reuters) - President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April.Reuters
Mon, Jul 28
PayPal Launches Enterprise Crypto Payments: Businesses Can Accept 100+ Digital Currencies
TradingKey - On Monday, global payment leader PayPal announced a new feature allowing business merchants to accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, USDT, and USDC.
TradingKey
Mon, Jul 28
Trump reiterates call for Fed: "Rate Cuts Will Make America Greater!"
TradingKey - On July 28 (local time), U.S. President Donald Trump, during his visit to Scotland, again called for the Federal Reserve to cut interest rates."I think he has to," Trump, speaking alongside British Prime Minister Keir Starmer following their meeting in Scotland, said of Federal ReserveTradingKey
Mon, Jul 28
Shigeru Ishiba Signals Intention to Stay, Vows to Advance U.S.-Japan Trade Deal
TradingKey - Japanese Prime Minister Shigeru Ishiba has signaled his intention to remain in office following a ruling party meeting, emphasizing his commitment to advancing the U.S.-Japan trade and investment agreement.TradingKey
Mon, Jul 28
Europe Inc's trade deal relief tempered by tariff reality
LONDON, July 28 (Reuters) - European companies were on edge on Monday as corporate leaders tried to unpick the real impact of a hard-won U.S. trade deal and lamented a sharp jump in tariffs versus those in place before President Donald Trump's second term.Reuters
Mon, Jul 28
TSMC, Samsung stand to gain if Intel exits foundry business, Bernstein says
Bernstein says TSMC 2330.TW and Samsung's 005930.KS foundry will benefit the most if Intel INTC.O exits chip manufacturing business** Last week, Intel warned investors it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factori...
Reuters
Mon, Jul 28
S&P, Nasdaq open at record highs on US–EU deal optimism
July 28 (Reuters) - The S&P 500 and the Nasdaq opened at record highs on Monday as a U.S.-EU trade agreement boosted investor sentiment, kick-starting a pivotal week featuring megacap earnings, a Federal Reserve meeting, and a looming U.S. tariff deadline.Reuters
Mon, Jul 28
Nike rises after JP Morgan says 'just buy it' and upgrades rating
Shares of sportswear giant Nike NKE.N rise as much as 4.9% to more than a four-month high of $79.99 in early trade. J.P.Morgan upgrades stock to "overweight" from "neutral"; hikes PT to $93 from $64 previously. Brokerage in its note, headlined "Just Buy It", says the sca...
Reuters
Mon, Jul 28
