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Dollar Surges as US-EU Trade Deal Boosts Confidence; Markets Brace for Fed, China Talks & Tech Earnings

Dollar Surges as US-EU Trade Deal Boosts Confidence; Markets Brace for Fed, China Talks & Tech Earnings

Dollar Surges as US-EU Trade Deal Boosts Confidence; Markets Brace for Fed, China Talks & Tech Earnings The U.S. dollar surged, extending its July rally, following a new trade agreement between President Donald Trump and the European Union. This deal has bolstered investor confidence, particularly as U.S. and Chinese officials kick off crucial two-day talks aimed at extending their tariff truce beyond a mid-August deadline. The euro, meanwhile, experienced its largest slide in over two months. Analysts suggest the dollar’s…

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Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty

Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty

Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty U.S. markets closed Tuesday with minimal movement as President Donald Trump definitively stated there would be no extensions to the looming August 1 tariff deadline. The S&P 500 edged down 0.07% to 6,225.52, while the Dow Jones Industrial Average dropped 0.37%. The Nasdaq Composite saw a modest gain of 0.03%. The market’s mixed reaction came after a period of uncertainty regarding trade policy. Following Monday’s initial push…

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UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts UK borrowing costs have seen a significant fall, partially reversing a recent surge that followed Chancellor Rachel Reeves’ emotional appearance in the Commons earlier this week. The yield on UK 10-year bonds dropped to 4.55% from 4.61% at the previous day’s close, as markets reacted positively to Prime Minister Sir Kier Starmer’s assurance that he works “in lockstep” with Reeves. The pound also saw a recovery, rising to $1.3668,…

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US Banks Announce Significant Shareholder Payouts After Federal Reserve Eases Stress Test Requirements

US Banks Announce Significant Shareholder Payouts After Federal Reserve Eases Stress Test Requirements

US Banks Announce Significant Shareholder Payouts After Federal Reserve Eases Stress Test Requirements Major US financial institutions have announced substantial shareholder payouts, including dividends and share buybacks, following the Federal Reserve’s latest stress test results. The central bank’s decision to ease certain capital requirements, stemming from its annual assessment of bank resilience, has provided a significant boost to the banking sector. This move by the Fed signals confidence in the overall stability of the US banking system, allowing banks greater…

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US Dollar Suffers Historic First-Half Slump Amid Trump Policies; S&P 500 Hits Record High

US Dollar Suffers Historic First-Half Slump Amid Trump Policies; S&P 500 Hits Record High

US Dollar Suffers Historic First-Half Slump Amid Trump Policies; S&P 500 Hits Record High The US dollar has recorded its worst first half-year performance in over five decades, plummeting 10.8% against a basket of currencies since the start of 2025. This historic decline, the most significant since 1973 for a first half and since 1991 for any half-year period, has pushed the dollar index to its lowest point since March 2022. Driving the dollar’s sell-off are investor concerns over President…

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