News
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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
Trump says will send letters, probably starting Friday, laying out tariff rates
WASHINGTON, July 3 (Reuters) - President Donald Trump on Thursday said his administration would start sending letters to countries, probably on Friday, to identify the tariff rates they would face on imports to the United States. Trump told reporters before departing for Iowa that he expected to sReuters
Fri, Jul 4
Republicans, Democrats start gaming out Trump's tax-cut bill hit to 2026 elections
Democrats target Medicaid cuts as campaign ammunitionRepublicans argue tax cuts will boost economy by 2026Polling shows public concern over deficit and impact on low-income AmericansHouse seen as highly competitive, Republicans have easier path to defend SenateBy David Morgan, Richard Cowan and AndyReuters
Fri, Jul 4
Datadog Surges 14.9% After S&P 500 Inclusion, Robinhood Falls on Disappointment
TradingKey – As of the U.S. market close on July 3, Datadog (DDOG) jumped 14.92% to $155.15 after being added to the S&P 500 index , a move that investors believe will bring significant passive inflows and improved liquidity.
TradingKey
Fri, Jul 4
Trump says he will put 20% tariff on Vietnam's exports
WASHINGTON/HANOI, July 2 (Reuters) - The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.Reuters
Fri, Jul 4
Republicans muscle Trump's sweeping tax-cut and spending bill through Congress
WASHINGTON, July 3 (Reuters) - President Donald Trump 's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved a massive package that would fund his domestic agenda and push millions of Americans off heaReuters
Fri, Jul 4
EXPLAINER-Key healthcare provisions in Trump's tax bill
July 3 (Reuters) - The U.S. House of Representatives passed President Donald Trump's tax-cut and spending bill on Thursday, which contains sweeping changes to the government's Medicaid healthcare program covering about 71 million low-income Americans.Reuters
Fri, Jul 4
Solid US job growth masks loss of labor market momentum
WASHINGTON, July 3 (Reuters) - U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private industry gains the smallest in eight months as businesses battled rising economic headwinds.Reuters
Fri, Jul 4
