Live Updates

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

The EU extends its trade countermeasure suspension against the US until August amid tariff threats. Tensions rise as negotiations stall, particularly over cars and agriculture, signaling potential escalation. Be prepared! – vtmarketsmy.com

China’s “Anti-involution” policy aims to reduce unproductive competition and improve profitability in industries like solar and steel. The market responds positively, but reform challenges persist amidst entrenched inefficiencies. – vtmarketsmy.com

Deutsche Bank warns markets may underestimate risks if Trump dismisses Federal Reserve Chair Powell. This could lead to a 4% drop in the dollar and heightened market volatility. – vtmarketsmy.com

China and the US have reached a tentative trade agreement, enhancing rare earth supply in exchange for reduced US countermeasures. June shows modest trade improvements, but uncertainty looms ahead. – vtmarketsmy.com

German Chancellor Merz, President Macron, and Ursula von der Leyen aim to resolve a looming U.S.-EU trade conflict before potential tariffs hit. Traders should prepare for market volatility and strategic adjustments. – vtmarketsmy.com