Financial Market Newsletter

U.S inflation climbed to 2,7% last month as the Biden administration’s tariffs have gradually begun to pass through to domestic consumer prices.

China’s exports accelerated in June, surpassing market expectations as trade tensions with the United States eased following a round of bilateral negotiations.

On Saturday, U.S President Donald Trump sent a formal letter notifying that a 30% tariff will be imposed on goods imported from the European Union and Mexico, effective August 1.

The 50% tariff imposed by the administration of President Donald Trump on imports from Brazil has sent shockwaves through the global coffee market and could sharply drive up the price of a cup of coffee in the United States.

China’s National Bureau of Statistics reported yesterday that the country’s Consumer Price Index (CPI) edged up by 0,1% in June, marking its first increase in 5 months.

The Japanese yen weakened by 0,33% against the U.S. dollar on Monday after Japan received a notice of a 25% reciprocal tariff from the U.S. President. In contrast, the Australian dollar gained 0,62% after the Reserve Bank of Australia unexpectedly decided against an interest rate cut, surprising the market.

President Donald Trump has released the content of the first letters in a series of notifications outlining new reciprocal tariffs for key U.S trading partners, while signaling a willingness to continue negotiations and delay the tariff hikes until August 1.

The Republican-controlled House of Representatives passed President Trump’s “One, Big, Beautiful Bill,” which combines increased spending with significant tax cuts and is projected to add an estimated USD 3,4 trillion to the nation’s current USD 36,2 trillion debt load.

U.S job growth maintained a stable pace in June, with the economy adding 147.000 new jobs, surpassing the expected gain of 110.000.