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Economic Report

JPMorgan Shines Bright: U.S. Banks Drop Jaw-Dropping Q2 2025 Earnings

JPMorgan

The U.S. banking sector kicked off its second-quarter earnings season with a killer start, as major players like JPMorgan Chase, Citigroup, Wells Fargo, and Bank of New York Mellon unveiled results that had investors buzzing. Despite economic turbulence from President Donald Trump’s tariff policies and volatile markets, these financial giants …

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Markets Update: Canadian Inflation Rises to 1.9% in June, Dimming Hopes for Bank of Canada Rate Cut

Canada’s Consumer Price Index (CPI) climbed to 1.9% year-over-year in June, up from 1.7% in May, according to Statistics Canada’s Tuesday release. The uptick fell short of economists’ expectations of a 2% rise, but core inflation measures remained elevated, signaling persistent price pressures and reducing the likelihood of a Bank …

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Trump Signals Trade Deals and Presses Russia for Ukraine Peace

US President Donald Trump announced progress in trade negotiations, hinting at imminent deals with global partners, while issuing a stark ultimatum to Russia for a Ukraine peace resolution. With trade tensions escalating and the Ukraine conflict unresolved, Trump’s dual focus on economic and geopolitical fronts underscores a high-stakes strategy to …

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Weekly Recap: Global Markets React to Tarrifs, Economic Shifts

During the trading week of July 7–11, financial markets experienced a mix of volatility and relative stability for most major assets, driven by developments in U.S. trade policies, financial legislation, and strong economic data. The U.S. Dollar Index (DXY) showed continued strength, rising from 96.80 to 97.50, supported by robust …

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U.S. Tariff Threats Pressure EUR/USD Amid EU Trade Talks

The EUR/USD exchange rate dropped to 1.16894, down 0.09%, as U.S. President Donald Trump announced new tariff rates for the European Union (EU). Following 50% tariffs on Brazilian imports and 35% on Canadian goods effective August 1, trade tensions have intensified, pressuring the Euro. Traders are closely watching U.S.-EU negotiations, …

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