Daily Market Insight

• Bessent calls for 150bps+ Fed rate cut • Some Fed officials cautious on rate cuts amid tariff and data concerns • Japan’s PPI hits 11-month low in July • Thailand’s central bank cuts interest rate to 1.50% • Dollar slips lower as expectations rise of Fed cut in September

• US consumer prices rise by 2.7% in July • Trump extends China tariff truce by 90 days • UK loses fewer jobs than expected • RBA cuts rates to over two-year low • China CPI flat in July; PPI falls beyond forecasts • The dollar slips after inflation report

• Trump appoints Miran to temporary Fed board seat • Initial jobless claims climb above expectations • BoE cuts rates to two-year low after historic re-vote • China exports jump despite US tariffs • Dollar softens after Trump names Miran to Fed board

• 100% for chips, 0% for US Investment • Three Fed officials raise fresh alarms on softening labor market • Thai CPI posts biggest decline in 17 months before central bank meeting • Thailand’s economic forecast revised up following US tariff cut • The dollar continues to show signs of weakness

• Trump interview covered a wide range of topics • ISM non-manufacturing PMI dips below forecast • China services growth jumps to one-year high • Indonesia posts strong 5.12% growth amid headwinds • Dollar stayed below 100 on weak ISM Services data

• Trump plans major India tariff hike over Russian oil • Fed’s Daly: September cut uncertain, two rate cuts still likely • Hassett calls BLS data unreliable • Switzerland offers better trade deal to US • BOJ eyes rate hike on growth, inflation rise • Dollar index steady to start week following weak NFP data

• Payrolls disappoint; prior months revised downward • ISM Manufacturing PMI dips below expectations • Kugler resigns, opening Fed seat for Trump appointment • Eurozone inflation held steady at 2% in July • Dollar slips to lowest level in two days amid weak job data

• Trump announces updated tariffs ahead of deadline • Core PCE picks up in June • BOJ keeps rates unchanged, lifts price outlook • China manufacturing PMI shrinks more than expected in July • Dollar firms on robust US data and weaker yen

• Fed holds rates, no signal of September cut • US GDP surges 3% on improved trade balance • Trump announces trade deal with South Korea at 15% tariff rate • US firms add 104K jobs in ADP report, beating forecasts • Euro Area growth steady despite trade uncertainty • Dollar strengthens on strong GDP and hawkish Fed

• US, China agree to extend tariff truce • US JOLTS Job Openings slip below expectations in June • US consumer confidence climbs, exceeds forecasts • Spain maintains growth amid trade turmoil • Dollar extended gains, supported by ongoing euro weakness