marketmoves

🌏 Global Markets Brief

🎯 U.S.-Japan 15% tariff deal lifts Nikkei; ADB cuts Asia growth; gold, Bitcoin hit records on trade risks.

🔸 U.S. and Japan agree to a 15% reciprocal tariff (down from 25%), boosting Nikkei and Japanese automakers.

Read more: 🧵

AI-powered, unbiased news personalized for you. From politics to tech, our diverse coverage keeps you informed on what matters. Download now for free.

🔸 gold $C:XAUUSD rises above $3,415/oz and Bitcoin $BTCUSD tops $120,000 as haven demand increases amid trade tensions and lower yields.
🔸 Amazon $AMZN and McKinsey scale back China AI operations; AWS closes Shanghai AI lab, following IBM $IBM and Microsoft $MSFT moves.

🔸 Japan PM Ishiba expected to resign by end of August; Japan’s 40-year bond auction sees weakest demand since 2011.
🔸 China and U.S. set July 27–30 trade talks in Sweden to address tariffs and market access.

🔸 U.S. finalizes 19% tariffs on Indonesian and Philippine exports, with broad U.S. market access in return.
🔸 European auto stocks rally 4.2% on hopes for similar U.S.-EU tariff reductions.
🔸 Asian Development Bank cuts 2025 developing Asia growth forecast to 4.7% on U.S. tariffs and China property weakness.