-
Wall Street remains unsettled by ongoing developments around U.S. trade policy. The Dow Jones is down nearly 0.4%, while the Nasdaq and S&P 500 are flat. The small-cap Russell 2000 rebounds 0.8%.
-
Donald Trump reiterated that August 1 is the final deadline for negotiations, and that the EU will receive a trade agreement letter within two days. BRICS countries are facing an additional 10% in tariffs, and some trade deals include rates as high as 60–70%.
-
Copper joins steel and aluminum on the tariff list. Trump announced a 50% tariff on copper, a key industrial metal, in a move previously flagged by Commerce Secretary Howard Lutnick. The decision aligns with the U.S. strategy to reduce dependence on copper imports. COMEX copper futures jumped 17% in response.
-
That’s not all on tariffs. Trump also said the U.S. will impose 200% tariffs on pharmaceutical products and semiconductors, although no specific rates were provided.
-
European markets closed in the green: Germany’s DAX gained 0.55%, France’s CAC40 rose 0.56%, the UK’s FTSE 100 added 0.54%, Italy’s FTSE MIB climbed 0.67%, and Switzerland’s SMI edged up 0.13%. Spain’s IBX35 finished flat.
-
In forex, the Australian dollar leads, strengthening about 0.6% against the U.S. dollar after a surprise RBA decision to hold rates steady (vs. consensus: -25 bps). The USDIDX is up 0.1%, mainly at the expense of the yen (USDJPY: +0.45%). EURUSD rebounds 0.1% to 1.172.
-
Brent and WTI crude oil halt declines, rebounding 1.1% and 0.9%, respectively. Natural gas futures are also up 1.7%.
-
Gold is under pressure, falling sharply by 0.9% today.
-
In crypto, most major projects are trading higher. Bitcoin hits $109,000, rising 0.85%.
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
