Market Minutes
Read snapshots of the latest market news
U.S. markets at record highs as oil continues to decline
U.S. equity markets surged to fresh all-time highs on expectations of monetary easing from the Federal Reserve, while oil prices extended their decline amid a steady build in U.S. inventories.
Inflation data shifts Fed expectations as markets grapple with uncertainty
From softer U.S. inflation data to renewed political pressure from Donald Trump on Federal Reserve Chair Jerome Powell, equity markets showed signs of unease after the New York close.
Statements by Trump shift global trade expectations
The President of the United States of America, Donald Trump, generates optimistic expectations that ease uncertainty following his statements on tariff restraint.
US gold bar tariffs rattle Swiss trade; BoE hawkish cut supports sterling
Washington’s surprise move to levy tariffs on one-kilo gold bars shakes the global bullion trade, while Swiss exporters face a double blow from Trump’s 39% tariff regime.
BoE set for rate cut, but hawkish caution prevails amid sticky inflation
The Bank of England is widely expected to deliver a 25bp cut to 4.00%, but will likely avoid signaling an aggressive easing cycle as inflation expectations rise.
Targeted tariffs, dovish Fed bets, and labor weakness shape global markets
New U.S. sector-specific tariff threats, Fed leadership uncertainty, and signs of global labor market strain drive cautious sentiment across major asset classes.
Pound firms ahead of BoE test as Swiss Franc, Euro lag
Sterling stands out as the week’s second-best performer amid Euro and Franc softness, but traders eye the BoE decision for direction. Meanwhile, trade tensions persist globally, Japan hints at rate hikes, and China posts strong services data.
Dollar weakens as Fed faces internal pressure and data integrity concerns
Soft nonfarm payrolls elevate September rate-cut expectations to 80%, while internal Fed reshuffling and controversy over BLS data raise fresh doubts about U.S. monetary and fiscal credibility.
Markets dip after Trump tariff order, July non-farm payrolls in spotlight
Markets reverse modestly after President Trump imposes steep new tariffs; traders now turn focus to today’s U.S. non-farm payrolls for direction.
Dollar stays dominant as Fed signals caution
The dollar remains the top performer this week, buoyed by strong U.S. GDP data and Powell’s resistance to a September pivot. Meanwhile, a major trade agreement with South Korea and rising inflation expectations in Japan shape a busy macro week.