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Gold prices drop as Trump signals trade deals, extends tariff reprieve
July 7 (Reuters) - Gold prices dropped on Monday after U.S. President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieve for several countries, dampening demand for the safe-haven metal.Reuters
Mon, Jul 7
Investment firm Azoria postpones Tesla ETF after Musk plans political party
July 6 (Reuters) - Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla TSLA.O CEO Elon Musk said he was forming a new U.S. political party.Musk made the announcement a day after polling his followers on the X so
Reuters
Mon, Jul 7
Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
July 6 (Reuters) - Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg NReuters
Mon, Jul 7
US Treasury Sec. Bessent warns of tariff hike if no trade deals reached by August 1
US Treasury Secretary Scott Bessent said on Sunday that tariffs imposed in April will take effect on August 1 for countries that have not reached a trade deal with US President Donald Trump’s administration, per CNBC.Fxstreet
Mon, Jul 7
US President Donald Trump says tariff letters to 12 countries signed, going out Monday - Reuters
US President Donald Trump said on Saturday that he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the “take it or leave it” offers to be sent out on Monday, per Reuters.Fxstreet
Mon, Jul 7
Trump calls Musk's formation of new party "ridiculous" and criticizes his own NASA pick
WASHINGTON, July 6 (Reuters) - President Donald Trump on Sunday called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interReuters
Mon, Jul 7
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
