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EU - US Trade Talks Stalled, European Economic Data Under Pressure

EU - US Trade Talks Stalled, European Economic Data Under Pressure

July 10, 2025, 2:24 pm EDT
RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

July 10, 2025, 3:58 pm EDT
UK Stocks Trade Sideways; Energy Sector Under Pressure

UK Stocks Trade Sideways; Energy Sector Under Pressure

July 10, 2025, 3:53 pm EDT
Trump Escalates Trade War: 25% Tariffs on Japan, South Korea and Others From August

Trump Escalates Trade War: 25% Tariffs on Japan, South Korea and Others From August

July 10, 2025, 3:44 pm EDT
More in Financial Trade
Trump Escalates Trade War: 25% Tariffs on Japan, South Korea and Others From August

Trump Escalates Trade War: 25% Tariffs on Japan, South Korea and Others From August

U.S. President Donald Trump announced Monday that the U.S. will impose sharply higher tariffs on multiple trading partners, including Japan and South Korea, starting August 1, marking a new phase in the global trade war he launched earlier this year.

RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

New Zealand’s Reserve Bank (RBNZ) is expected to keep the Official Cash Rate (OCR) unchanged at 3.25% on July 10, pausing its streak of six consecutive rate cuts since August 2024. Market expectations for a cut this week stand at just 15%, though most forecasts anticipate 25–50 basis points of easing by November. ANZ Bank holds a differing view, assigning a 40% probability of a cut and projecting cumulative 75 basis points of reductions by February 2025, bringing the OCR to 2.5%.

EU - US Trade Talks Stalled, European Economic Data Under Pressure

EU - US Trade Talks Stalled, European Economic Data Under Pressure

The EU may reach a trade deal with the US by the end of this month, aiming to establish a "minimum - tariff reciprocal framework" to avoid the 10% benchmark tariff proposed by Trump. However, specific exemption clauses are still being negotiated. This stalemate is having a significant impact on the European economy.

UK Stocks Trade Sideways; Energy Sector Under Pressure

UK Stocks Trade Sideways; Energy Sector Under Pressure

London’s stock markets saw mixed trading on July 7, with the FTSE 100 flat and the FTSE 250 mid-cap index edging up 0.2%, as focus remained on the U.S. delaying tariff implementation to August 1 and progress in trade talks.