Market Update

U.S. stocks ended mixed, with the S&P 500 down 0.07% and the Dow Jones Industrial Average falling 0.37%, while the Nasdaq edged up 0.06%. President Donald Trump’s firm stance on an August 1 tariff deadline and new 50% copper import duties unsettled markets. Despite a three-week tariff reprieve, concerns over …

U.S. Commerce Secretary Howard Lutnick revealed plans to release 15 to 20 new trade-related directives within the next 48 hours. He also indicated that tariffs on copper imports are expected to be introduced by late July or early August, targeting a critical material used in electronics, construction, and renewable energy …

China’s foreign exchange reserves soared to $3.3174 trillion by June 2025, marking a $32.2 billion (0.98%) increase from May and sustaining a 19-month streak above $3.2 trillion, according to official data from the State Administration of Foreign Exchange (SAFE). The People’s Bank of China (PBC) also bolstered its gold reserves …

On Tuesday, the EUR/USD pair, the world’s most traded currency pair, edged up 0.09% to 1.1718, driven by optimism over a potential U.S.-EU trade deal and solid Eurozone economic data. President Donald Trump announced a letter outlining tariff rates could be sent to the EU within two days, while confirming …

President Donald Trump announced a forthcoming letter to the EU within two days outlining tariff details and confirmed a 10% tariff on BRICS nations to uphold U.S. economic standards, emphasizing the rate as “low and fair.” The EU, locked in urgent trade talks with the U.S., is pursuing a deal …

As of July 8, 2025, at 19:13 GMT+3, the spot gold price stands at $3,297.175 per ounce, down 1.18% daily, reflecting a short-term correction from a previous close of $3,336.44. Over longer periods, gold has shown significant strength, with a 23.84% increase over six months, 25.60% year-to-date, and 37.98% over …

The British Pound is losing ground against the US Dollar, with GBP/USD dipping below the 20-day simple moving average at 1.3596. A mix of UK fiscal anxieties and a cautious Federal Reserve stance is dampening demand for Sterling. As markets grapple with looming trade tariffs and economic uncertainties, the Pound …

Oil prices retreated on Tuesday after rising nearly 2% in the previous session, as investors assessed the latest developments surrounding U.S. tariffs and the higher-than-expected increase in OPEC+ output for August. Tariff Concerns Weigh on Market Sentiment By 1043 GMT, Brent crude futures were down 12 cents, or approximately 0.2%, …

Bitcoin experienced a slight decline on Tuesday, dropping 0.5% to $108,224.20, as new U.S. tariffs announced by President Donald Trump dampened investor risk appetite. The cryptocurrency has remained range-bound in recent sessions, with traders reluctant to make large bets amid growing uncertainty about the global economic landscape. Trump’s Tariff Announcement …

European stocks experienced modest gains on Tuesday as investors assessed the latest news on U.S. trade tariffs and awaited further developments on potential trade agreements. At 03:05 ET (07:05 GMT), the DAX index in Germany was up by 0.3%, the CAC 40 in France climbed by 0.1%, and the FTSE …