The relief that the US and China is replaced by rumours that the EU will hardly ink a deal before the July deadline, and Trump has threatened other Asian nations with fresh tariffs—saying his administration will send letters within two weeks to inform them of unilateral tariffs as a pressure tactic. So, optimism is waning.
Investors are also focused on the upcoming US 30-year bond auction to get a feeling of how well the latest US debt news have been digested. The US dollar is significantly lower following the CPI release and renewed tariff and debt concerns. The EURUSD finally cleared the 1.15 offers and is consolidating above that level. In equities, Oracle jumped 7.5% in after-hours trading on a set of better-than-expected quarterly results and a bullish AI-driven outlook, while Nvidia’s Jensen Huang pointed at a potentially massive new revenue stream for his business: quantum computing. Watch the full...
