- Trump announces a trade agreement with the European Union.
- Samsung inks a $16.5 billion contract with Tesla
- The S&P 500 had five straight record closes last week.
- The Fed is ready to start lowering rates, Trump said.
- Winners of Hong Kong’s crypto framework, according to analysts.
Get your popcorn and pick a seat in the front row. For market observers, these five days will essentially be the Olympics:
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-
Meta Platforms
,
Microsoft
,
Amazon
and
Apple
are reporting earnings.
- The U.S. Federal Reserve’s rate-setting committee is meeting.
- The personal consumption expenditures price index, the Fed’s preferred inflation reading, comes out.
- U.S. jobs data for July will be released.
Amidst all of those macroeconomic and financial developments, U.S. President Donald Trump’s new tariff deadline of August 1 looms large.
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According to Bokeh Capital founder Kim Forrest, “What isn’t happening in this week?”
This is the perfect situation for investors.
The U.S. economy and the Magnificent Seven corporations that are releasing their earnings this week both secure gold at their respective ceremonies. It is debatable if the Fed’s decision to maintain rates unchanged qualifies the central bank for a medal.
Money Report
European stocks set to rise after the U.S. and EU strike trade agreement
Trump’s tariff deal offers scant relief for Japan automakers as bigger threat looms
While Beijing continues its strict suspension with Washington, the United States’ major trading partners, including South Korea and India, secure a deal with the White House and join the European Union and Japan at the podium.
If those things take place, American stocks will most likely overcome one obstacle after another, and the S&P 500 will be able to keep breaking records.
This report was provided to by Sarah Min of CNBC.
A trade deal with the European Union is announced by Trump.Trump announced on Sunday that a 15% duty would be applied to the majority of European exports to the United States, including automobiles. He noted that the group also decided to buy $750 billion worth of U.S. energy.
Samsung and Tesla sign a $16.5 billion deal.Although the South Korean company did not name the counterparty in its regulatory filing, Elon Musk, the CEO of Tesla, stated that the company will produce the automaker’s “next-generation AI6 chip.”
This week was ideal for the S&P 500.The broad-based index closed Friday at a high, setting its fifth consecutive record last week. Additionally rising were the Dow Jones Industrial Average and the Nasdaq Composite.On Monday, shares in Asia-Pacific were mixed.
Trump stated that the Fed is prepared to begin reducing interest rates.Fed Chair Jerome Powell told the U.S. president on Friday that “the country is doing well,” which Trump interpreted as “he’s going to startrecommending lower rates.” Markets for futures are divided.
[PRO] Hong Kong’s crypto framework winners.The island’s bill formalizes the stablecoin issuance and management process for financial firms, and it goes into force on Friday.According to analysts, two online brokerages that provide cryptocurrency trading stand to gain.
As a greater threat looms, Trump’s tariff pact provides little respite for Japanese automakers.
Although the reprieve may not be much consolation, Japanese manufacturers may have avoided crippling U.S. tariffs. Despite ongoing structural issues at home, Chinese automakers are undermining their position in the global market.
However, experts agree that there is at least one advantage to Trump’s approved tariff rate: some certainty.
Shan Lee Ying
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