🔒 WEEKLY MARKET REPORT🔒
🔸Monday: Trump Tariff News
🔸🚨Tuesday: CPI Inflation, NY Mfg. Survey; 5 Fed Speakers; $JPM $C $WFC Earnings
🔸Wednesday: PPI Inflation; 4 Fed Speakers; $BAC $GS $MS $JNJ $ASML $UAL Earnings
🔸Thursday: Retail Sales,Jobless Claims, Philly Mfg. Survey; 4 Fed Speakers; $NFLX $TSM $PEP Earnings
🔸Friday: Housing Starts, Consumer Sentiment, Inflation
Expectations; $AXP $MMM Earnings
- Stocks fell as the Trump administration escalated its trade war, with investors bracing for a flurry of economic reports this week that is expected to offer an early read on the impact of tariffs.
- Europe’s Stoxx 600 dropped 0.5%, with trade-sensitive automakers leading the losses. S&P 500 futures retreated 0.4%. Bitcoin soared past $120,000 for the first time.
- US President Donald Trump’s weekend threat to impose 30% tariffs on the European Union and Mexico is testing market resilience, following a series of escalated trade measures against multiple partners.
- While traders largely view it as a negotiating tactic and expect any final tariffs to be softer, the moves have injected uncertainty just as the S&P 500 was trading near record highs.
- Economic data due Tuesday is expected to show US inflation edged higher in June, as companies began passing on the rising cost of imported goods.
- The figures could shape the Federal Reserve’s wait-and-see stance on rate cuts, with swaps still pricing in nearly two quarter-point reductions this year.
#cryptojobs2025🔥🔥 #altsesaon #TRUMP #Stock