Live Updates

7

Jul 2025
According to Goldman Sachs, strong US labour data suggests continued Federal Reserve patience and rate stability

U.S. job growth exceeded expectations in June, reinforcing economic stability and supporting cautious Federal Reserve policy.

7

Jul 2025
Trump announced tariffs to be delivered soon and warned of additional charges for BRICS alignment

Trump announced global tariff deals starting July 7; BRICS-supporting nations face additional 10% penalty tariff.

7

Jul 2025
Tesla’s market share in China declines as local rivals introduce innovative features and fast-charging tech

Tesla loses ground in China as local EV makers offer tailored features and faster charging technologies.

7

Jul 2025
New Chinese restrictions on EU medical device purchases follow the EU’s recent procurement ban

China restricts high-value EU medical device imports in retaliation for EU’s procurement ban on Chinese firms.

7

Jul 2025
The PBOC established the USD/CNY midpoint at 7.1506, surpassing the anticipated 7.1626 value

PBOC sets strongest yuan midpoint since November, injects liquidity via reverse repos, resulting in net drain.

7

Jul 2025
OPEC+ unexpectedly increased oil output, prompting analyst concerns about market share competition and price declines

OPEC+ boosts oil output amid stable outlook, accepting price risks to recapture market share dominance.

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