📉 Wall Street ended mostly in the red despite upbeat bank earnings. Tech stocks stood their ground, boosted by news that advanced AI chip exports to China have been approved.
📊 Nasdaq: +0.18% | S&P 500: -0.4% | Dow Jones: -1% | Russell 2000: -2%
📈 Futures are flat across major US indices, while 🇪🇺 EU50 dips 0.3%.
🌏 In Asia-Pacific, the mood is mixed:
🔻 Australia’s ASX 200: -0.8%
🔻 South Korea’s Kospi: -0.9%
🔻 India’s Nifty 50: -0.25%
🔺 China’s HSCEI: +0.2%
🔺 Japan’s Nikkei 225: +0.5%
🚖 Baidu shares jumped 5% in Hong Kong after announcing a global autonomous taxi partnership with Uber.
💬 Dallas Fed’s Lorie Logan warned that high rates may stay longer to tame inflation, but hinted at possible cuts if both inflation and jobs ease.
📈 30-year Treasury yields hold just above 5%.
🤝 Trump declared the US may seal 2 or 3 new trade deals before 1 August, including one with 🇮🇩 Indonesia — eliminating all US tariffs and boosting Boeing orders in return for a 19% import tariff.
💱 On the forex front:
🔻 USD index pulls back (-0.1%)
🟢 AUDUSD: +0.17%
🟢 EURUSD: +0.15% to 1.1618
🟢 USDCHF: -0.06%
⚖️ USDJPY: flat
✨ Precious metals shine:
🥇 Gold: +0.4% to $3,337
🥈 Silver: +0.35% to $37.84
🔁 Platinum: +1.7%
🔼 Palladium: +0.8%
💹 Crypto bounce:
🟠 Bitcoin: +1.3% to $117,980
🔵 Ethereum: +3.4% to $3,146
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🌅 Morning Market Update | 16.07.2025 🌍 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.