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Fed minutes - split / India-UK deal ahead / More tariffs, Russia? and others, markets don't care a bit, yet anyway

  • Writer: Stéphan
    Stéphan
  • Jul 10
  • 3 min read
ree

  • And whooosh $4trn market cap !

  • Markets : BRL tariffs are about trade war with China (and in support of Bolsonaro..), new Russia sanctions possibly-more threats to Moscow (PALL..), India-UK trade deal ahead, UK-France pledge to coordinate the use of nuclear weapons to protect EU, FOMC is split, who isn't!, JGB yield curve is staring in the abyss, still no trade deal with US either >>> low vols (MOVE index etc) keeping markets/risks happy, including BTC now who seems to want to join in the 'melt-up'

  • Perplexity's AI-powered web browser 'Comet' with agentic search launched

  • JPM: The overall equity movement is perceived as occurring in one of the most favorable macro environments, characterized by a depreciating dollar, narrowing credit spreads, subdued inflation, and interest rates remaining below 4.5%

  • Trump's latter tariffs were in part due to “insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans” >>> 30% tariff on Iraq, Moldova gets 25% tariff, 30% tariff of Algeria, 25% tariff on Brunei, 20% tariff on the Philippines

  • FED minutes : What Division Inside the Fed Means for Future Interest-Rate Cuts

    Fed Chair Jerome Powell has sketched out new conditions that could trigger rate cuts by summer’s end, but inflation remains a big question

  • OPEC has widened its media ban, this time excluding the WSJ, NYT, FT, Reuters and Bloomberg from attending its biennial industry conference in Vienna

  • Indian PM Could Visit UK in Matter of Weeks to Finalise FTA - Report

  • Japanese Carmakers Cut US Export Prices Most In Nearly A Decade To Offset Trump Tariffs

  • Airline giant Emirates announces they will be accepting Bitcoin and crypto as payment for flights #BTC

  • US shale is cracking under its own weight as “Weak market conditions, tariffs, and water problems are hobbling industry operations in the Permian basin”

  • A staggering $7.4 Trillion is now sitting in Money Market Funds, a new all-time high















 
 
 

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