Participants in the market expected an optimistic start of the week in the hope that commercial transactions could finally be announced as the Trump administration’s deadline for July 9 approaches. However, President Trump adopted a position of confrontation by announcing once again that the United States will begin to issue pricing letters to countries on Monday.
There have been mixed comments from the Trump administration, the Secretary of Commerce, Lutnick, said that the prices should take effect from August 1. Is this another case where the Trump administration will delay the implementation of prices or simply bad communication? I expect that we hear more as the day progresses.
Asian market packaging
Asian actions, measured by the MSCI index, dropped by 0.6%. The prices of the US Treasury increased, causing the drop slightly to 4.33%. The 0.1% increase, while weakened after Trump announced an additional 10% burden for people related to the BRICS nations. He also said the United States would send tariff notices and announce commercial offers from Monday at 12 noon.
Trade tensions are increasing again while investors ensure that the negotiations between the United States and other countries are progressing before the deadline of July 9. Actions have reached a record, bouncing their April decrease caused by previous pricing announcements. This rebound is motivated by the hope that the deadline of the price could be extended, because Trump often constitutes threats but later softens his position.
Officials previously said that higher prices should start on August 1, but that some countries may have additional time to negotiate. The secretary of the Treasury, Bessent, said that a three -week delay could be offered to certain nations for new discussions.
For a complete ventilation on what to expect this week, read the weekly markets – RBA and RBNZ rate Decisions, on July 9 Trump Deadline and Brics Renis
OPEC + to increase production
OPEC + agreed at a weekend meeting to increase the production of 548,000 barrels per day (BPD) in August, against 411,000 BPD that the group had approved for May, June and July, and 138,000 BPD for April.
The production boost will come from eight …
..
