Euro Retail Sales +0.3% MoM vs. Expected +0.4%
Headline number missed, it's a significant improvement from the -0.3% drop in May. YoY growth remains robust at +3.1%.
Food +0.2% vs -0.5%
Non-food +0.6% vs -0.1%
Auto fuel +0.4% vs -0.8%
#Europe#RetailInvestor#Traders#ECB
FTSE 100 +0.7% on Banking Confidence & BP
Solid trading day in London saw the FTSE 100 close 0.7% higher.
Supreme Court ruling eased concerns for Lloyds, leading to its 8% surge (9-year high) and gains for NatWest (+2%) and Barclays (+1.5%).
#UK#FTSE#Banking#trading
10Yr Yield Down 15bps to 4.22% (3-month low)
Revised BLS (-250k in Feb/Mar) and ISM manufacturing employment data are sending strong signals about the cooling labor market.
Raises questions about the pace and timing of the Fed's pivot.
#USA#rates#treasury#EconomicData
Dow Jones Opens Higher: +1.01% (+442 points)
US stocks started Monday on a positive note. Top gainers include:
Microsoft +2.33%
Walt Disney +2.14%
Apple +1.92%
Solid opening for the Dow! Happy trading!
#DowJones#StockMarket#Microsoft#Disney#Trading
WTI crude closes ~1% lower Friday amid concerns over increased Venezuelan supply (+200k bpd).
Support faded from earlier Black Sea issues & trade talks.
OPEC+ meeting looms, keeping the outlook steady but cautious.
#Oil#WTI#CrudeOil#MarketUpdate
European markets mixed Friday.
STOXX 50 up, STOXX 600 down 0.3%.
Heavyweights like Schneider Electric & Airbus fell pre-earnings.
ASML & Nokia dropped due to earnings. LVMH (+4%) & VW (+4%) shined.
EU-US trade update expected. #Markets#StockMarket#Earnings#USTariffs
Despite Friday's dip 6-day FTSE 100 rally, the index held its weekly gains, logging its 5th consecutive weekly increase and hovering near record highs.
Weaker UK retail data and firming pound were key factors, though NatWest provided a notable lift.
#FTSE100#MarketUpdate#uk
A significant shift from a CAD 1.17B surplus to a CAD 0.23B deficit.
The change reflects slightly lower revenues (offset by higher duties/pricing) and a major rise in spending (+8.3%, ~CAD 2.6B).
Public debt charges fell due to lower interest rates.
#Canada#Economics#budget
TSX ends Friday flat (+0.1%) near 27,390.
Easing trade-war jitters drove gold & miners lower.
Looking ahead, focus shifts to Bank of Canada & Fed policy next week. The TSX is expected to gain ~0.3% for the week.
#TSXV#Fed#Markets#Canada
Durable Goods Orders fell 9.3% MoM in June.
Excluding transportation, orders actually rose 0.2%.
Excluding defense, they edged up 0.1%. While some sectors like machinery (+0.4%) and computers (+0.6%) saw gains, the sharp drop in transport equip. (-22.4%) dominated.
#TraderLife
US market open sees futures steady after a strong US closing day.
Hopes for finalized trade agreements (especially EU) before Aug 1st, Fed easing, and ongoing earnings season. Intel's profit report is a major focus today. Next week Fed's decision.
#USMarkets#Tradewars#Economy
Russian Central Bank cuts benchmark rate by 200 bps to 18% (July 2025 meeting), meeting market expectations.
They cite strong disinflationary pressures (needed due to restrictive rates) and aim for looser conditions to support growth.
#TraderLife#Russian#InterestRates
UK gilt yields climb to 4.65% even as data hints at more BoE focus on growth.
Why? Broader global dynamics: Fed rate cuts seem less likely (Powell shielded), ECB hawkishness limits European easing hopes, and risk sentiment cools.
#Banking#Fed#uk#Markets#TraderLife
Copper hold near $5.55/lb, only briefly surpassed in July after Trump's potential 50% tariffs on imports (Aug 1st).
Reflects market anticipation, record 25% premium between US copper and London Market.
US-China trade could significantly impact supply, heavy reliance on imports.
FTSE 4th consecutive advanced week, closing near the 9k.
Strong energy (BP/Shell sales, miners on iron ore climb) & a positive Burberry retail report (+5.8%) drove gains.
GSK (-4.3%) dropped after its Blenrep cancer drug faced an FDA advisory panel rejection.
#Energy#Retail