Monthly Archives: July 2025
HK50 Slips as Trade Deadline Nears
Written on July 4, 2025 at 4:10 am, by
The Hang Seng Index drops to 23,854 as traders brace for Trump’s July 9 tariff deadline and stronger US jobs data dampens rate cut hopes. – vtmarkets.com
Oil declines on Friday but shows a weekly increase as OPEC+ meeting looms ahead
Written on July 4, 2025 at 3:19 am, by
Oil prices rise ahead of OPEC+ meeting; supply concerns and technical patterns influence market sentiment and outlook.
Bessent anticipates at least 100 nations will implement a 10% reciprocal tax amid ongoing negotiations
Written on July 4, 2025 at 2:48 am, by
About 100 countries aim to adopt a 10% minimum tax, though key negotiations remain uncertain.
Baker Hughes reported a drop in oil rigs to 425, while crude oil prices decreased by 0.77%
Written on July 4, 2025 at 2:19 am, by
Active rig count drops by 8; oil prices fall slightly but remain above key technical support levels.
Gold Holds Firm as Fiscal Jitters Support Prices
Written on July 4, 2025 at 1:57 am, by
Gold stabilised on Friday, heading for a 1.7% weekly gain as markets balanced upbeat U.S. jobs data with concerns over Trump’s expansive tax-and-spend bill and looming tariffs. – vtmarkets.com
US stock indices rose, led by NASDAQ, amid solid jobs data and government hiring growth
Written on July 4, 2025 at 1:49 am, by
Stocks rose as NASDAQ led gains; jobs data topped forecasts with payrolls up 147,000, unemployment 4.1%.
The US dollar strengthens, with USD/JPY approaching daily highs amidst fluctuating euro and pound movements
Written on July 4, 2025 at 1:19 am, by
The US dollar fluctuated post-payroll report; USD/JPY rose amid yield gains and stronger risk assets.
The Atlanta Fed’s GDPNow improved to 2.6%, reflecting positive growth in various economic indicators
Written on July 4, 2025 at 12:48 am, by
Atlanta Fed raises GDP estimate to 2.6%, citing stronger consumption, investment, and government expenditure forecasts.
Bessent expressed confidence in handling finances while commenting on tariffs, jobs, and upcoming events
Written on July 4, 2025 at 12:18 am, by
Scott Bessent affirms tariffs aren’t inflationary, highlights trade shifts, job variability, and optimism on capital spending.
Bessent doubts CBO forecasts, confident US GDP growth will outpace the deficit and anticipates tax vote
Written on July 3, 2025 at 11:48 pm, by
Bessent anticipates GDP growth outpacing the deficit; skeptical of CBO estimates; tax vote expected 1:30 PM.
