Markets are gearing up for a week packed with geopolitical tension, monetary policy updates, and key economic data. All eyes are on the BRICS summit, the Fed's meeting minutes, Trump’s looming tariff deadline, and a new wave of corporate earnings. Meanwhile, cryptocurrencies remain relatively stable—but uncertainty is rising.

Packed Agenda: BRICS Summit, Amazon, and the Fed in Focus

This week kicked off with Monday’s BRICS summit, where further alignment among emerging economies is expected. At the same time, investors are closely watching the U.S. Federal Reserve, which is set to release the minutes from its June meeting on Wednesday—a potential signal on the path of interest rate cuts.

Also looming large is July 9, when the 90-day moratorium on Trump-era tariffs ends. The former president is expected to announce a new wave of "reciprocal" tariffs, set to take effect on August 1. On Sunday, Trump warned of an additional 10% duty for countries he says support "anti-American BRICS policies."

U.S. Credit Data and Amazon Prime Day in the Spotlight

On Tuesday, investors will get a look at U.S. consumer credit data, offering insight into household debt levels and spending behavior—key indicators of recession risk.

At the same time, Amazon’s Prime Day kicks off—extended to four days this year. The massive retail event will be a key gauge of consumer sentiment, as Amazon aims to beat last year’s record sales.

Wednesday brings the Fed’s meeting minutes, offering a glimpse into policymakers' thinking as the market continues to reprice expectations for rate cuts. While last week's jobs report showed strong payroll growth in June, private sector hiring fell to an 8-month low, and average working hours dropped—suggesting the labor market may be losing steam.

On Thursday, new unemployment claims are expected, adding another layer of insight into labor market dynamics.

Europe Steady, Stocks Cautious Amid Trade Tensions

Last week saw U.S. equity indices hit fresh all-time highs:

🔹 S&P 500 closed at 6,279.35

🔹 Nasdaq reached 20,601

The Dow Jones remains near its peak, though analysts warn the rally may be on shaky ground. In Europe, Monday trading was subdued as investors brace for possible trade shocks from Trump’s looming tariffs.

🔹 STOXX 600 hovered at 541.15

🔹 DAX inched higher

🔹 CAC 40, IBEX, and FTSE saw slight declines in early trading

FX and Crypto Markets: Stable for Now, But Watching Closely

The U.S. dollar remains under pressure, hovering near multi-year lows. FX markets are highly sensitive to trade-related headlines, and risk currencies like the Australian and New Zealand dollars have already slipped ahead of their central bank decisions this week.

The global digital asset market saw modest gains and holds above $3.36 trillion, with 24-hour trading volume at $92 billion.

🔹 Bitcoin is trading at $108,615, up 3% over the past 30 days

🔹 Ethereum (ETH) is up more than 4% in the past week, currently at $2,562

🔹 Dogecoin gained 3% in the past 24 hours, though it's still down 8% over the past month

Week Overview

✅ Key events: BRICS summit, Trump’s tariff decisions, Fed minutes

✅ Stocks at all-time highs, but sentiment remains cautious

✅ Crypto markets stable but sensitive to upcoming data

✅ Currencies and equities vulnerable to geopolitical and macro shifts



#BRICS , #Fed , #FederalReserve , #TRUMP , #CryptoNews

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