📉 Despite a calm geopolitical backdrop thanks to the Israel-Iran ceasefire, markets are now eyeing the US–China tariff expiry on 9 July. Tensions are rising again — 🇯🇵 Japan’s Minister Akazawa warned they won’t accept 25% auto tariffs.
📊 Wall Street closed mixed:
▫️ S&P 500: 🔁 Flat at 6090
▫️ Nasdaq: 🔼 +0.3%
▫️ Dow Jones: 🔽 -0.25%
🌏 Asia opens mixed:
🔼 Nikkei 225: +1.5%
🔼 Shanghai Comp: +0.1%
🔽 Australia, S. Korea, Hang Seng CE: -0.5%
💸 Dollar weakness deepens:
📈 EURUSD hits 1.1700, highest since 2021
📉 USD/CNH falls to lowest since November
🔮 JPMorgan sees USD losing 5%+ in 12 months
💬 Fed Chair Powell says he’s waiting for clarity on tariffs before deciding on rate cuts. But 📰 WSJ reports Trump may name the next Fed Chair this autumn, potentially undercutting Powell.
🚀 Nvidia jumps 4% to a record high of $154 📈
📈 Citigroup raises China growth forecast to 5%
🇨🇳 Chinese Premier: “We’ll do everything to boost domestic demand”
🎤 Speakers to watch today:
🦅 Fed: Barkin, Hammack, Kashkari
🇪🇺 ECB: Schnabel, De Guindos, Lagarde
🏦 BoE: Bailey, Breeden, Rosen
🔮 Rate expectations:
🇦🇺 Deutsche Bank sees RBA cut in July
🇺🇸 J.P. Morgan expects Fed cut only in December
🌍 Nomura: global yields may rise on growth fears
🕵️♂️ Mystery in Iran:
Ayatollah Khamenei hasn’t appeared in public for over a week.
CIA: 🇮🇷 nuclear programme severely damaged, though delays may be limited.
🇺🇸 US warns: resumed uranium enrichment = red line
📅 Today’s US data:
📌 Jobless claims
📌 Durable goods orders
📌 Final Q1 GDP
🌅 Morning Update | 26.06.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.