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
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 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
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
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 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
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, with a June PMI of 47.3. Despite slight improvements, ongoing economic challenges suggest a prolonged recovery ahead. – vtmarketsmy.com
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
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
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