Canada to apply tariff exemption on many US goods under USMCA and will remove retaliatory tariffs on many US products. For risky assets such as stocks and cryptocurrencies, it's another good information after 'dovish' Powell in Jackson Hole - but not for the US dollar. It's also a signal, that negative and inflationary tariffs effects may be weaker, which makes Fed rate cuts 'less risky' from the Federal Reserve perspective.
Source: xStation5
Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital 💡
Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97
Russia is selling off gold reserves. Why, to whom, and does it matter for the market?
BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm