Mike by Dolan
London (Reuters) – What is today in the US and global markets?
Mike Dolan, Editor-large, finance and markets
European markets have yielded something from Donald Trump tariff threat, instead of being built on the White House attack on the Federal Reserve.
I will discuss this and the rest of today’s market news below. Be sure to check my column where I explain why US investors have a serious case based on a dollar based on a dollar.
The minute of today’s market
* The EU has already prepared a list of tariffs for 21 billion ($ 24.52 billion) if they cannot reach the trade deal, said Italian Foreign Minister Antonio Tajan on Monday.
* Japan’s Central Bank may face political pressure to keep longer interest rates than wanting opposition parties after July 20.
* Oil markets have remained significantly resistant so far, despite the growth of US trade policy and opec + production quotas. But how Rohi Energy Congensist Ron Bousso writes that the force will now be tested because Saudi products start to grow because demand is slow.
* Investors can be fixed on the Federal Reserve on Donald Trump’s attacks, but former head of communication in the Bank of England, Mike Mosmons claims that Bow also faces political examinations.
* The United States, the world’s best supplier of corn, is going to record the sound volume of corn in 2024-25 marketing, slightly re-edited at a high level of 2020-21. But ROI agricultural columnist Karen Brown says he catches.
Euro shrubs with tariffs, but bonds Balk
Perhaps it will be partially connected to Bastille’s Day, as well as the postponed start of the calendar of the weekly events, but during the next month the European Union and Mexican imports saw only on Monday.
As for other August 1 tariff plans, which win last week, investors doubt that the numbers are still against.
Moreover, there is no real agreement yet whether the US trade war harms the American economy less than other countries that it is expedient. And in foreign currency markets, the dollar is still one of the unequivocal defeated defeated policy.
The EU said on Sunday that it will stimulate the suspension of counter-attack on US tariffs until the beginning of August and continues the press for negotiation settlement. But the bloc refuses to roll and Italian Foreign Minister Antonio Tajan said that the EU has already prepared a list of tariffs for more than 21 billion euros in US goods if the parties fail to reach a deal.
EU Commissioner for Trade Maros Sepkovic said that although the EU wants a favorable agreement, it was preparing possible reactions. The chairman of the commission Ursula Von Der Lane said that the more drastic response of the bloc was created for an emergency, and “We are not there yet.”
European shares slipped on Monday by about 0.5%, and the euro was almost unchanged, Friday is below about $ 1.17. Even the shares of the euro garage, at the front line of the US tariff compression, only 1% lowered by only 1%.
However, there were long reactions in prolonged government bonds. From April 1 to 30, the German benchmarks pushed their highest to their highest since October 20, 2023.
The debt yield was difficult to sleep on a trade situation, even if the strong fears of the title trading war could be glassware, and even stagflationary.
Despite the holiday, the traders were treated by French President Emanuel McCron, who were expected to promote defense budget, a military budget was planned in advance.
But fresh backup of long-term debt was more global, and the 10th and 30-year-old government of Japan strikes their highest in May, on July 20, on July 20.
Widespread, large-scale sales bonds can be indebted to the trump administrator installation attacks that feed on and its chair.
While Trump has previously said he did not fire before the end of the following year, his attacks on Fed Boss are now almost every day and have been alarmed for monetary policy.
White House Economic Adviser Kevin Haset, who has seen the other possible opponent to replace the Pisces, said that Trump had the authority “if existing” and Fed should be the answer to the Washington Headquarters.
Haset said about ABC’s “This Week” program that any decision of the victory will try to fly to the dust of what $ 700 million costs are recognized as the “Budget Director”. “
Investors are afraid of feed independence, which are given to the Trump, up to three percentage points, even through inflation and inflation expectations at the top of the central bank.
The potential risks of a lack of employee and higher wages through immigration, the tension of that score is not cut into bond markets.
Thirty-year treasury is given their highest in more than a month – 5% within 2 main points of the threshold. Friday Street stock futures were again in red after the main indicators on Friday. The dollar was a sterier more strong.
On Tuesday, it sees that the inflation of the consumer price of June, which will take a certain number of tariffs that are still widely used to feed the household value.
On Monday, raw oil prices rose and achieved their highest level in three weeks, as investors gave him the use of US sanctions on Russia that could affect global supplies.
It is clear that the tariffs shine the income of the federal budget already, and the surprise surplus, which is seen in June.
The second quarter of the corporate earnings also starts gears on Tuesday with updates from large banks.
Elsewhere, Chinese shares and yuan were stronger, as China’s exports were transformed into June, and companies were in a hurry to make orders between Beijing and Washington before the end of this month.
Table of the day.
Bitcoin first crossed $ 120,000 at the Monday, indicating the world’s largest cryptocurrency event, as investors bet on the industry this week. Later today, the US House of Representatives will discuss a number of bills to ensure a framework regulating the digital asset industry.
To view today’s events
* Pio Kipolon, a member of the Council of the European Central Bank, speaks
* US Corporate earnings, fastening
The expressions expressed are the author. They do not reflect the views of Reuters News, which, according to the principles of trust, are loyal to the integrity, independence and freedom of bias.
(Mike Dolan; Editing Aidan Lewis)
