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PRECIOUS-Gold steadies ahead of US data as investors weigh Fed rate stance
US Senate passes Trump's sweeping tax-and spending billFed will wait for more data before cutting rates - Powell U.S. nonfarm payrolls report due on ThursdayBy Anmol Choubey July 2 (Reuters) - Gold prices steadied on Wednesday as investors awaited U.S. payroll data and assessed Federal Reserv...Reuters
Wed, Jul 2
U.S. Senate Narrowly Passes Tax Bill in 51:50 Vote, Drops Proposed New Energy Tax, Clean Energy Stocks Surge with Shoals Up 23.88%
TradingKey - In a narrow 51 to 50 vote, the U.S. Senate passed the tax bill on Tuesday, July 1st, Eastern Time, notably omitting the previously contentious provision imposing new consumption taxes on wind and solar projects. This development sent U.S. clean energy stocks soaring.
MORNING BID EUROPE-Markets sit tight for trade progress
A look at the day ahead in European and global markets from Ankur BanerjeeMarkets shrugged off the U.S. Senate passing President Donald Trump's "big, beautiful bill", with investor attention fixed to the path for U.S. interest rates and trade deals ahead of the United States' re-impo...Reuters
Wed, Jul 2
Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus
TOKYO, July 2 (Reuters) - The U.S. dollar hunkered near its lowest since February 2022 against major peers on Wednesday, as traders considered dovish hints from Federal Reserve Chair Jerome Powell, along with the potential impact of President Donald Trump's spending bill.Reuters
Wed, Jul 2
Asian stocks waver, dollar sags under weight of Trump tariffs, Fed uncertainty
SINGAPORE, July 2 (Reuters) - Asian stocks stumbled on Wednesday and the dollar languished near 3-1/2-year lows as investors pondered the prospect of U.S. interest rate cuts and the scramble for trade deals ahead of President Donald Trump's July 9 deadline for tariffs.Reuters
Wed, Jul 2
Japanese long-term bond yields slip as trade talks flounder
SINGAPORE, July 2 (Reuters) - Japanese government bonds rose slightly on Wednesday, pushing yields at the long-end of the curve down, as protracted trade negotiations and uncertainty around upcoming national elections spurred a bid for safe-haven bonds.Reuters
Wed, Jul 2
Trump Reignites War of Words — Declares He Is Considering Deporting Musk!
TradingKey – As the U.S. Senate moves forward with the so-called “Big Beautiful” bill, opposition within the country is growing stronger. Tesla CEO and former head of the Department of Government Efficiency (DOGE), Elon Musk, has once again criticized the legislation.
TradingKey
Wed, Jul 2
SEC Approves Grayscale’s GDLC ETF — Altcoin Spot ETFs May Be Next
On Tuesday, July 1, the U.S. Securities and Exchange Commission (SEC) officially approved the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), marking a pivotal moment for altcoin-based investment products.
U.S. Senate Passes “Beautiful Act” — Crypto Tax Relief Left Out, Markets on Edge
On Tuesday, July 1, the U.S. Senate narrowly passed President Trump’s “Beautiful Act” with a 51–50 vote, but crypto tax reform provisions were excluded, sparking concerns across global financial markets.TradingKey
Wed, Jul 2
Playing it cool: JOLTS, PMI, construction spending
Nasdaq, S&P 500 red, Dow gainsComm csrv weakest S&P sector; Materials lead gainersEuro STOXX 600 index off ~0.2%Dollar edges up; bitcoin drops; crude gains; gold up >1%US 10-Year Treasury yield rises to ~4.26% Welcome to the home for real-time coverage of markets brought to you by Reuters...Reuters
Wed, Jul 2
Safe-haven gold rises over 1% as Trump's tax cut and spending bill passes in US Senate
Gold hits over-one week highTrump's tax-cut bill passes in SenateUS payrolls data due on ThursdayBy Sarah Qureshi July 1 (Reuters) - Gold climbed more than 1% on Tuesday as investors sought safe haven assets after U.S. President Donald Trump's "big, beautiful bill" passed in the S...
Reuters
Wed, Jul 2
Trump says US could reach trade deal with India, casts doubt on deal with Japan
WASHINGTON, July 1 (Reuters) - The United States could reach a trade deal with India that would help American companies compete in the South Asian country and leave it facing far lower tariffs, President Donald Trump said on Tuesday, while casting doubt on a possible deal with Japan.Reuters
Wed, Jul 2
EV group urges US House to restore electric vehicle tax credits
By David Shepardson July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrif
Reuters
Wed, Jul 2
Biggest US banks hike dividends, announce share buybacks after acing stress tests
NEW YORK, July 1 (Reuters) - U.S. banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve's annual health check last week.The moves come after the lenders showed they have enough capital to withstand...
Reuters
Wed, Jul 2
Powell Confirms That The Fed Would Have Cut By Now Were It Not For Tariffs
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have easier monetary policy by now if not for President Donald Trump’s tariff plan.When asked during a panel if the Fed would have lowered rates again by now had Trump not announced his controversial plan for levies onTiger News
Wed, Jul 2
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of Representatives
U.S. Senate Passes Sweeping Tax-Cut And Spending Bill; Sends To House Of RepresentativesAdopted, 51-50 With VP Vance Voting In The Affirmative: U.S. Senate Passes Trump's $3.3 Trillion One Big Beautiful Bill ActNow Its Onto The House, Where Republicans Can Lose Just Three Votes - Punchbowl ReporterSTiger News
Wed, Jul 2
