📉 Wall Street Pullback
Futures for the S&P 500, Nasdaq, and Dow Jones are down ~0.2% after recent gains. The Russell 2000 (US2000) sees a sharper drop of -0.4%.
🇺🇸 Trump Escalates Trade War
Donald Trump has slapped a 35% tariff on Canada, accusing it of “financial retaliation.” He also warned that other countries may face 15–20% tariffs.
🏛️ Fed Weighs In
Chicago Fed President Austan Goolsbee said tariffs haven’t fuelled inflation as expected — but piling on more duties may delay rate cuts. He also questioned Trump’s logic on rates and debt, reaffirming the Fed’s focus on inflation and employment, not politics.
🌏 Asia-Pacific Mixed
Markets react unevenly to US trade moves:
🔺 Hang Seng: +1.7%
🔺 HSCEI: +1.5%
🔻 Nikkei 225: -0.15%
🔻 ASX 2000: -0.3%
🔻 Nifty 50: -0.75%
🇨🇳 China Eyes Stimulus
A PBOC adviser calls for a ¥1.5T ($209B) stimulus to offset tariffs, boost demand, and support the yuan. Proposals include rate cuts, tax reforms, and SME lending support.
🚛 EV Boom in China
Electric truck sales surged +175% YoY in H1 2025, slashing diesel demand. Growth driven by subsidies and charging infrastructure.
🇳🇿 NZ Manufacturing
June PMI improved to 48.8 (up from 47.5), but still below 50.
💱 Forex Snapshot
📈 USD Index: +0.2% (Tariff boost)
🔻 JPY: USDJPY +0.4%
🔻 CAD: USDCAD +0.25%
🔻 NZD: NZDUSD -0.25%
🔻 EURUSD: 1.168 (-0.2%)
🔸 USDCHF: +0.1%
⚖️ AUD: Flat
💰 Metals Shine
🥇 Gold: +0.3% to $3,340
🥈 Silver: +1% to $37.38
🛢️ Oil & Gas
Brent, WTI & NatGas start flat after Thursday’s dip.
🪙 Crypto Rally Rolls On
🚀 Bitcoin: +1.5% → $118,360
🚀 Ethereum: +1.75%
🚀 Solana: +1.7%
🚀 Ripple: +1.8%
📊 Stay informed. Trade smart. With NordFX. 💼
🌅 Morning Market Update | 11.07.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.