🔥 The spotlight today is on the preliminary trade deal between 🇺🇸 the US and 🇪🇺 the EU.
🛃 The draft agreement outlines:
— A permanent 15% cap on tariffs for EU goods in the US
— 🇪🇺 EU to buy $750B in US energy, slashing reliance on Russia
— An extra $600B of EU investment into the US economy
— A 0%-for-0% tariff deal on ✈️ aircraft & parts, 💾 semiconductors, 🧪 chemicals, 💊 generics, 🌾 agri goods, 🪨 raw materials & more
🍷 Alcohol tariffs still under discussion
📉 In Asia:
— 🇯🇵 Nikkei 225: -0.85%
— 🇭🇰 Hang Seng: +0.48%
— 🇨🇳 Shanghai: flat
🤝 Market sentiment improved on signs of new 🇺🇸–🇨🇳 trade talks in Stockholm. Hopes are high for a 90-day extension of the current tariff truce.
📉 Meanwhile, China’s industrial profits dropped another 4.3% YoY in June, after May’s 9.1% fall.
📈 Futures for EU indices & US S&P 500 point to +1% gains at the open, fuelled by the weekend trade deal.
🚀 Samsung sealed a $16.5B chip supply deal with Tesla, lifting shares +3.5%.
💵 The US dollar opened stronger:
— 💶 EUR/USD down to 1.1740
— 💷 GBP, 🇦🇺 AUD, 🇳🇿 NZD weak vs USD
— 💴 JPY and 🇨🇭 CHF steady; USD/JPY near 147.7
👀 This week’s focus:
— 📆 Fed & Bank of Japan rate meetings
— 🇦🇺 Australian inflation data (Wed)
— 💼 Big earnings week with 37% of S&P500 firms reporting, incl. the Magnificent 7
🥇 Precious metals: calm start
🛢️ Energy: 🔺 natural gas +0.86%, WTI crude +0.75%
📢 Trade smart, stay ahead — follow NordFX for daily insights! 🚀📈
📊 Morning Market Update | 28 July 2025 🌍 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.