Daily Market Insight

• Trump announces 30% tariffs on EU and Mexico amid ongoing talks • White House pressures Powell over Fed renovation • US tariff revenue sets new record • UK monthly GDP contracts again, increasing pressure on Starmer • The dollar continues to rise amid tariff developments

• Ongoing tariff announcements • FOMC Minutes: Most support Fed rate cut this year • China PPI slides further, CPI inches up in June • Bok kept while BNM cut in July meeting • The dollar rises amid tariff developments

• Trump firm on tariffs, eyes 50% levy on copper • Trump urges Powell to resign if he misled congress • RBA surprises market, holds rate at 3.85% • Thailand hopes to cut US tariff through new trade proposal • US dollar edges higher amid tariff updates

• Trump announces new tariffs but leaves door open for talks • Trump threatens 10% tariff on nations backing ‘Anti-American’ BRICS agenda • Thailand inflation stays in negative territory in June • The dollar rises as Trump unveils tariff letters

• Trump signs new tax and spending plan • Trump confirms tariff letters to 12 nations to be sent Monday • Indonesia offers significant tariff cuts in bold US trade deal talks • The US to curb AI chip exports to Malaysia, Thailand • Thailand seeks to avert 36% US tariff • The dollar slightly weakens amid thin liquidity due to the US holiday

• Nonfarm Payrolls rose 147,000 in June, topping forecasts • US ISM services expand modestly • House passes tax bill, advancing Trump’s economic agenda • China Caixin PMI weakens to 9-month low in new hurdle • World Bank cuts Thailand’s 2025 growth forecast to 1.8% • Dollar rises on strong NFP report

• US ADP payrolls decline for first time in 2 years • US reaches trade agreement with Vietnam ahead of tariff deadline • Political uncertainty in the UK • China’s Caixin manufacturing rebounds • The dollar edges up slightly

• Powell left options open, including a July rate cut • Trump’s tax bill passes US senate • US job openings climb to highest since November • ISM manufacturing PMI shows slight improvement • Eurozone inflation rises to hit ECB’s 2% goal • Thai constitutional court suspends PM in ethics case • US dollar holds steady

• Trade talks have returned to the main topic • Chicago PMI still indicates manufacturing contraction • German inflation cools to 2%, matching ECB target • Japan’s industrial production misses expectations due to US tariffs • Mixed Chinese PMIs in June • The dollar weakened at the start of the week

• US core PCE rose more than expected in May • Trump cuts trade talks with Canada amid digital tax dispute • Senate gives initial approval to Trump’s expansive tax and spending legislation • Slight inflation uptick in France and Spain not troubling ECB • Dollar rises as Trump sparks new trade worries