๐ Wall Street Rallies Before the Break!
US markets soared on Thursday after strong labour data:
๐น S&P 500: +0.83%
๐น Nasdaq: +1.02%
๐น Dow Jones: +0.77%
๐น Russell 2000: +1.02%
๐ Markets are closed today for Independence Dayย ๐บ๐ธ
๐ Trumpโs โBig Beautifulโ Bill Passes
The House narrowly passed Trumpโs fiscal bill (218โ214) after a fiery 9-hour speech by Democrat Hakeem Jeffries.
๐ Final vote set for 10:00 PMย BST.
๐ Trade Tensions Resurface
Trump vows to make countries โstart payingโ to do business in the US.
๐ฌ Treasury Sec. Bessent: ~100 countries may face 10%+ tariffs starting after July 9.
๐ฅ โIf the euro hits $1.20, Europeans will be squawking.โ
๐ Asia-Pacific: Mixed Sentiment
๐ Gains:
๐ฏ๐ต Nikkei 225 +0.1%
๐จ๐ณ Shanghai SE +0.9%
๐ญ๐ฐ HSCEI +0.1%
๐ฎ๐ณ Nifty 50 +0.05%
โ๏ธ Flat: ๐ฆ๐บ ASX 200
๐ Loser: ๐ฐ๐ท Kospi -1.6%
๐ Solar & brain tech stocks in China are outperforming on govโtย support.
๐ด Japan Surprise
Household spending jumped +4.2% y/y in May (vs. 1.2% forecast).
๐ฑ Forex & Commodities
๐ต USD slips as trade fears rise (Dollar Index -0.3%)
๐ก๏ธ Safe havens rebound:
โช๏ธ USDCHF -0.3%
โช๏ธ USDJPY -0.4%
โช๏ธ EURUSD +0.2%
๐ฌ๐ง GBPUSD +0.15%
๐ณ๐ฟ๐จ๐ฆ Antipodeans & CAD mildlyย up
๐ Gold climbs to $3,339 (+0.41%)
๐ฅ Silver flat
๐ข Brent $68.65 (-0.2%) | WTI -0.05%
๐ฅ Nat gas slips anotherย -0.2%
๐ฐ Crypto Check
โฟ Bitcoin: $109,160 (-0.75%)
ฮ Ethereum: $2,577ย (-0.9%)
๐ Trade global markets with confidenceโโโanytime, anywhereโโโwithย NordFX!
๐ Morning Update | 04.07.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
