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Food Delivery Subsidy War Ignites Hong Kong Tea Stock Rally; Meituan, Alibaba Shares Under Pressure
TradingKey - On July 7th, the Hong Kong stock market showed significant divergence, with shares of the three major instant retail platforms — Meituan (03690.HK), Alibaba (09988.HK), and JD.com (09618.HK) — collectively declining, while the Hong Kong beverage sector saw a strong surge driven by...TradingKey
Mon, Jul 7
Trump May Ramp Up Short-Term U.S. Treasury Issuance Amidst $3.4 Trillion Deficit from Tax Bill
TradingKey - To tackle the impending deficit surge due to the tax cut bill, the Trump administration might resort to issuing a significant amount of short-term U.S. Treasury bills. Anticipation of this move has already led to a noticeable increase in short-term yields.TradingKey
Mon, Jul 7
Tokenized Funds, Not Stablecoins, May Be the True Engine Driving Crypto Growth in 2025
TradingKey - So far in 2025, stablecoins and asset tokenization have emerged as the two biggest trends in the crypto space. Compared to the steady 25% increase in stablecoin market capitalization this year, tokenized money market funds and U.S. Treasury-backed products have surged by an impressive
Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’
Technical analyst Kevin, better known on X as @Kev_Capital_TA, rekindled debate over Dogecoin’s market structure on Sunday when he urged traders to ignore the “non-stop TA on DOGE for engagement purposes” and to concentrate on the two signals that have guided the meme-coin’s price for more than twoNewsBTC
Mon, Jul 7
China says it opposes tariffs being used as a tool of coercion
BEIJING, July 7 (Reuters) - China opposes tariffs being used as a tool to coerce others, the Chinese foreign ministry said on Monday, after U.S. President Donald Trump threatened an extra 10% tariffs on countries aligning themselves with the BRICS group of developing nations.Reuters
Mon, Jul 7
Thailand submits new trade proposal offering zero tariffs on many US goods
BANGKOK, July 7 (Reuters) - Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday.Reuters
Mon, Jul 7
Musk Announces New "American Party" — Tesla Shares Tumble Over 7% Amid Valuation Fears
TradingKey — In a surprise move that sent shockwaves through financial markets, Tesla CEO Elon Musk announced the formation of a new political party—dubbed the “American Party”—on his social media platform X, shortly after midnight Eastern Time on July 5, 2025.
TradingKey
Mon, Jul 7
China retaliates against EU ban with import restrictions on medical devices
HONG KONG, July 6 (Reuters) - China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed 45 million yuan ($6.3 million) in value, in retaliation to Brussels' own curbs last month.Tensions between Beijing and Brussels...Reuters
Mon, Jul 7
European shares mixed on caution ahead of US tariff deadline
July 7 (Reuters) - European shares were mixed on Monday, with investors alert for any trade-related headlines in the countdown to U.S. President Donald Trump's tariff deadline.The pan-European STOXX 600 index .STOXX was flat at 541.08 points, as of 0709 GMT. Other major regional indexes were mix...Reuters
Mon, Jul 7
FOREX-Dollar drifts near multi-year lows as Trump tariff deadline looms
Moratorium on "Liberation Day" levies ends on WednesdayHigher tariff rates to come into effect from August 1Aussie, NZ dollars decline ahead of central bank decisionsBy Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar drifted close to its lowest level since 2021 against the euro a...
Reuters
Mon, Jul 7
Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil
RIO DE JANEIRO, July 6 (Reuters) - President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.Reuters
Mon, Jul 7
Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil
Trump says countries aligning with 'Anti-American policies' of BRICS to face extra tariffsLula draws parallel with Cold War's Non-Aligned Movement Group condemns rising tariffs, attacks on Iran and GazaXi Jinping skips, Putin online, Modi and Ramaphosa presentBy Lisandra Paraguassu and M...Reuters
Mon, Jul 7
Stocks slip as US shifts tariff goalposts, oil skids
SYDNEY, July 7 (Reuters) - Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide specifics on the changes, while oil prices slid as OPEC+ opened the supply spigots more than expected.Reuters
Mon, Jul 7
Japan's Nikkei falls on caution ahead of Trump tariff deadline
TOKYO, July 7 (Reuters) - Japan's Nikkei share average fell on Monday as cautious investors weighed the details of U.S. President Donald Trump's tariffs and their impact on corporate outlook.The Nikkei .N225 fell 0.46% to 39,628.41 by the midday break, after opening margin...
Reuters
Mon, Jul 7
Japanese Yen weakens as dismal wage growth data tempers early BoJ rate hike bets
The Japanese Yen (JPY) edges lower against its American counterpart at the start of a new week following the release of weaker domestic data. Real wages in Japan fell for the fifth straight month in May, at the fastest pace in nearly two years amid persistent inflationary pressures.Fxstreet
Mon, Jul 7
