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Monthly Archives: July 2025
Elon Musk announces that shareholders will decide on Tesla’s potential investment in xAI.
Written on July 14, 2025 at 5:21 am, by davin
Elon Musk announced Tesla shareholders will vote on investing in his AI start-up, xAI, highlighting the potential for synergy between Tesla and his other ventures. The outcome could reshape Tesla’s valuation. – vtmarketsmy.com
Reuters predicts the PBOC will set today’s USD/CNY reference rate at 7.1744 in China.
Written on July 14, 2025 at 4:22 am, by davin
The People’s Bank of China plans to set the USD/CNY reference rate at 7.1744, reflecting deliberate economic strategy. Daily adjustments signal stability and influence currency strength, meriting close observation. – vtmarketsmy.com
Singapore’s GDP grew faster than expected, avoiding recession after earlier contraction, says trade ministry
Written on July 14, 2025 at 4:21 am, by davin
Singapore’s GDP rose 1.4% in Q2 2025, surpassing expectations, indicating economic recovery after a Q1 contraction. This rebound affects monetary policy and trading strategies, signaling a potential shift in market dynamics. – vtmarketsmy.com
Japanese core machinery orders fell by 0.6% month-on-month but rose by 4.4% year-on-year
Written on July 14, 2025 at 3:22 am, by davin
Japan’s machinery orders in May 2025 fell 0.6%, better than expected. Year-on-year growth of 4.4% indicates resilience, though caution is needed for future investments amid fluctuating market conditions. – vtmarketsmy.com
Reports indicate that discussions on trade are ongoing between Trump, the EU, and South Korea.
Written on July 14, 2025 at 3:21 am, by davin
Trump’s 30% EU tariff sparks trade tensions, prompting EU leaders to collaborate. Markets respond with a 0.5% dip in US equity futures, signaling growing economic uncertainty. Monitor developments closely. – vtmarketsmy.com
Sovereign wealth funds are increasingly investing in China, private credit, and digital assets amid market volatility.
Written on July 14, 2025 at 2:22 am, by davin
Sovereign wealth funds are actively shifting investments towards China amid market uncertainty, with central banks focusing on reserve diversification due to US debt concerns. Digital assets attract attention, especially bitcoin. – vtmarketsmy.com
In June 2025, New Zealand’s electronic card retail sales increased by 0.5% month over month.
Written on July 14, 2025 at 2:21 am, by davin
New Zealand’s retail sales saw a slight uptick in June 2025, but a year-on-year decline signals ongoing consumer caution. Watch for trends in household spending and potential inflation impacts. – vtmarketsmy.com
New Zealand’s services sector contracts for the fifth month in June, with a PSI reading of 47.3
Written on July 14, 2025 at 1:21 am, by davin
New Zealand’s services sector contracts for the fifth month, with a June PMI of 47.3. Despite slight improvements, ongoing economic challenges suggest a prolonged recovery ahead. – vtmarketsmy.com
US equity index futures drop about 0.5% in pre-market trading after Trump’s 30% tariff threat
Written on July 14, 2025 at 1:21 am, by davin
US equity futures dropped 0.5% after Trump’s 30% tariffs on the EU and Mexico. The EU is delaying retaliation to negotiate, creating uncertainty in markets and influencing FX activity. – vtmarketsmy.com
EU diplomats are nearing completion on the 18th round of sanctions, which includes a lower price cap on Russian oil.
Written on July 14, 2025 at 12:21 am, by davin
The EU is finalizing a sanctions package against Russia, introducing a dynamic oil price cap at $47 per barrel. This aims to enhance enforcement and curb revenue from Russian oil exports. – vtmarketsmy.com
