Live Updates

9

Jul 2025
The Chinese vice premier remarked on the economy’s resilience and encouraged foreign investment expansion

China reaffirms economic resilience, seeks expanded investment and cooperation with non-US firms like Germany’s BASF.

9

Jul 2025
Sefcovic confirmed ongoing daily remote trade negotiations with the US, prioritising a balanced agreement

EU-US trade talks progress daily, aiming for agreement. EU stresses regulatory integrity, unity, and protection from diversions.

9

Jul 2025
Nagel believes the ECB should maintain flexibility regarding interest rate cuts, with rising market expectations

Market sees no July ECB rate cut; 42% chance in September; full cut priced by March.

9

Jul 2025
Trump is anticipated to unveil additional tariff letters, but the market views it with scepticism

Trump plans tariff letters to nations with high rates; markets skeptical about actual enforcement or timeline.

9

Jul 2025
De Guindos expressed hopes for exchange rate stability to avoid further adverse effects on the economy

An ECB official stressed exchange rate stability, warning rapid euro appreciation above $1.20 could pose problems.

9

Jul 2025
Mortgage applications in the US rose, while the market index and mortgage rates showed slight fluctuations

US mortgage applications rose 9.4% as rates dipped slightly, reversing the prior week’s smaller gain.

9

Jul 2025
Lane emphasised the ECB’s ongoing data-dependent strategy, considering various influences on inflation dynamics and uncertainty

ECB’s Lane emphasizes data-driven policy amid energy price drops, euro strength, and global trade uncertainty.

9

Jul 2025
Chancellor Merz expresses optimism regarding a potential EU-US trade agreement, citing ongoing negotiations and tariffs

Chancellor Merz is optimistic about an EU-US trade deal, expecting progress despite persistent tariff challenges.

9

Jul 2025
China urges the EU to amend its trade stance for improved bilateral economic relations and fairness

China urges EU to adopt fairer trade policies, citing procurement issues and recent medical device restrictions.

9

Jul 2025
Recovering to around 1.3690, USD/CAD shows bearish sentiment while consolidating within a descending channel

USD/CAD nears 1.3690; technical signals suggest bearish trend despite short-term momentum above key support.

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