Trump is set to send letters detailing new trade tariffs starting Friday, opting for direct communication over negotiations. Meanwhile, his talks with Putin brought no progress on Iran and Ukraine. – vtmarketsmy.com
US job growth beat expectations in June, with payrolls rising by 147,000. Markets reacted positively, but ongoing inflation risks and geopolitical tensions signal a cautious outlook for economic policy. – vtmarketsmy.com
Today’s subdued trading atmosphere shifts focus to Japan’s household spending data, crucial for assessing consumer behavior and economic trends. Less global participation heightens sensitivity to this key insight. – vtmarketsmy.com
Oil prices are surging ahead of the OPEC+ meeting, with a planned increase of 144,000 barrels per day. Geopolitical risks and seasonal inventory shifts add caution to traders’ sentiments. – vtmarketsmy.com
Around 100 countries may adopt a 10% minimum tax rate, reshaping global tax frameworks. This could impact investor expectations and liquidity patterns, causing shifts in capital markets and trading strategies. – vtmarketsmy.com
Active oil and gas rigs have declined to 539, with oil rigs down by seven. While crude prices dipped slightly, they remain above critical support levels. Watch for trading shifts ahead! – vtmarketsmy.com
US stock indices soared, led by the NASDAQ, as job growth surpassed expectations with 147,000 new positions. Government hiring was significant, while manufacturing faced declines. Strong market reactions signal confidence ahead. – vtmarketsmy.com
The US dollar fluctuated after the non-farm payrolls data, initially gaining but then losing ground, especially against the euro and pound. Investors are cautious ahead of potential US-EU negotiations. – vtmarketsmy.com
The Atlanta Fed indicates a slight GDP increase to 2.6%, influenced by improved consumer spending and government expenditures. These shifts could affect market expectations and economic forecasts awaiting the July report. – vtmarketsmy.com
Scott Bessent emphasized market sentiment over economic theories, stating tariffs haven’t hurt inflation. He warned of potential rate changes, highlighted the UK as a stable trade partner, and noted job report variability’s impact. – vtmarketsmy.com
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