🌐 Asian markets are trading mixed this morning. Chinese indices gained between 🔼 +0.50% and +0.90% as Beijing confirmed a 90-day extension to the 🇺🇸–🇨🇳 trade truce. But Washington says the final green light must still come from Trump. Talks in Stockholm ended without a full agreement.
💵 The US dollar has edged lower ahead of today’s key Fed rate decision and Powell’s speech. EUR/USD rose 🔺 0.11% to 1.15590.
💬 China’s Finance Minister unveiled new fiscal stimulus to boost demand and address economic pressure. Markets welcomed the move, as Beijing plans better coordination between central and local funds.
📌 Today’s spotlight:
🕒 Fed’s rate decision
📈 Q2 US GDP report
🇦🇺 Australia’s Q2 inflation hit a 4-year low (headline) and a 3-year low (core), fuelling expectations of an RBA rate cut in August. The AUD weakened after the data.
🌊 A massive 8.8–8.7 magnitude earthquake off Russia’s east coast triggered tsunami alerts across the Pacific. 🌐 Waves of up to 4m hit Russian shores, with warnings issued for 🇯🇵 Japan, 🇨🇳 China, 🇺🇸 US West Coast, 🌺 Hawaii, and others.
🔋 Tesla sealed a $4.3B deal with LG Energy for LFP batteries, with U.S. production starting in 2027.
💻 Samsung plans a $7B chip packaging plant in Texas focused on AI.
📦 SK Hynix may boost DRAM production in the U.S.
📉 SEC has approved in-kind creation/redemption for crypto ETFs — a game-changer that simplifies fund flows and lowers costs for institutional investors. 🚀
💳 Visa smashed expectations:
Revenue: 💰 $10.2B (+14% y/y)
EPS: 💵 $2.98
Cross-border volumes: 🔼 +12%
🥇 Fidelity forecasts gold at $4,000/oz by end-2026, backed by Fed easing, a weak dollar, and strong central bank demand.
🌍 Meanwhile, Trump gave a fresh 10–12 day deadline for progress on Russia–Ukraine peace talks, threatening 100% secondary tariffs and possible sanctions on Russia’s trading partners.
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📊 Morning Market Update | 30 July 2025 🌏 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.