Morning Market Update | 1 August 2025

🔥 A big day for global markets!

🇺🇸 The US has announced reciprocal tariffs on most major economies. While Canada is exempt, the tariffs will come into effect in 7 days, raising tensions in global trade.

📅 Being the first day of the month, markets are bracing for a wave of important macro releases, with labour data from the US, PMIs, and inflation figures from the Eurozone all due today.

🕒 All times below are in BST (British Summer Time).
📈 The figures are market forecasts and may differ from actual results.

Macro Highlights Today:

• 🇵🇱 Poland: Manufacturing PMI — 45.8
• 🇪🇸 Spain: Manufacturing PMI — 51.5
• 🇫🇷 France: Manufacturing PMI — 48.4
• 🇩🇪 Germany: Manufacturing PMI — 49.2
• 🇪🇺 Eurozone: Manufacturing PMI — 49.8
• 🇬🇧 UK: Manufacturing PMI — 48.2
• 🇪🇺 Eurozone: CPI (YoY) — 1.9%, Core CPI — 2.2%
• 🇺🇸 USA (13:30):
  • Nonfarm Payrolls — 110K
  • Unemployment Rate — 4.2%
  • Wages — 3.8% YoY, 0.3% MoM
• 🇺🇸 USA (15:00):
  • ISM Manufacturing — 49.5
  • Consumer Confidence — 61.9

💼 Also Today:
🛢️ ExxonMobil and Chevron release earnings before the US session opens.

🚨 High-impact data + tariff tension = a volatile day ahead! Stay sharp.
🚀 Follow @NordFX for timely insights and market reactions.

📊 Morning Market Update | 1 August 2025 🌍 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.