🇺🇸 Wall Street Wrap:
US stocks ended Tuesday flat.
📉 S&P 500 dipped -0.07%
📈 Nasdaq ticked up +0.03%
Both futures are slightly down this morning (-0.11%).
🌏 Asia: Mixed Mood
Markets are jittery amid US tariff talk:
🇯🇵 JAP225 down -0.4%
🇨🇳 CHN.cash off -0.66%
🔺 CH50cash (Shanghai & Shenzhen giants) up +0.8%
📜 Trump’s Tariff Playbook:
Donald Trump plans to send the EU a letter with trade deal terms 📬
🇪🇺 A provisional agreement might come this week, based on a 10% tariff.
🥕 He’s also pushing for a 17% tariff on agricultural goods.
Today, he’ll unveil trade terms for seven countries.
💰 Tariff Revenues:
According to Bessent, the US is set to collect over $300B in tariffs this year (already at $100B).
🔥 May’s tariff haul quadrupled vs last year.
🧲 Copper Shock:
Trump just slapped a 50% tariff on copper — effective in 30 days.
📈 COMEX copper prices surged up to +12%
🧊 LME stayed calm (likely due to late session).
Tariff may hit Chile 🇨🇱, Peru 🇵🇪 & Mexico 🇲🇽 hardest, while easing price pressure elsewhere.
💶 EUR/USD is steady above 1.1700 with low volatility.
🥇 Gold is still sliding — now just under $3,300/oz.
🏦 ETF Gold Demand Soars:
WGC says gold ETFs gained nearly +400 tonnes in H1 — now at ~3,600 tonnes, the biggest rise in 5 years.
(Record: 3,900 tonnes in Oct 2020.)
📈 Central Banks:
🇳🇿 RBNZ held rates at 3.25%, as expected.
🇨🇳 China’s inflation climbed to +0.1% y/y (from -0.1%). First positive print since March.
🇦🇺 RBA paused rates yesterday — but markets expect a cut in August.
🏦 Goldman Sachs Bullish:
They just raised their S&P 500 forecast to 6,600 pts (from 6,100), citing:
💼 strong earnings
📉 Fed cuts
🚫 minimal tariff-driven inflation
🧠 Fed Chair Watch:
Kevin Hassett — Trump’s advisor — may be next Fed Chair, says WSJ.
He’s seen as the least independent pick so far.
Other names floated: Bessent, Lutnick, Waller, Bowman.
📌 Stay tuned. The markets are on edge — and opportunity is in the volatility.
🌅 Morning Market Update | 09.07.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.