marketmoves

🇺🇸 US Markets Brief

🎯 Trump expands tariffs to 100+ nations; Nvidia resumes China chip sales; banks, J&J beat Q2 estimates.

🔸 Trump to impose a uniform 10%+ tariff on imports from 100+ smaller nations starting August 1; pharma and chip tariffs possible.

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🔸 U.S. and Indonesia reach deal: 19% tariff on Indonesian exports, Indonesia to buy 50 Boeing $BA jets and $19.5B in U.S. goods.
🔸 USTR opens Section 301 probe into Brazil after Trump’s 50% tariff threat; Brazilian retaliation possible.

🔸 Japanese investors sharply increase U.S. Treasury buying in May; GPIF hits record allocation as Japan yields rise.
🔸 BlackRock buys ~$400M in Bitcoin and $150M+ in Ether, driving ETF inflows; Bitcoin ETFs see eight straight days of net subscriptions.

🔸 J&J $JNJ, BNY Mellon $BK, Goldman Sachs $GS, and Morgan Stanley $MS all beat Q2 estimates; banks cite trading/dealmaking rebound, J&J raises 2025 outlook.
🔸 Rumors over Fed Chair Powell’s possible ouster intensify; betting odds rise to 25%, but market reaction muted.

🔸 Nvidia $NVDA cleared to resume H20 AI chip sales to China as part of rare-earth negotiations; AMD $AMD export review pending.
🔸 ASML shares drop 8% on cautious outlook despite Q2 beat; sector-wide pressure hits European tech.