Morning Economic Report 7-7-25

Trade tension keeps simmering ahead of the Jul 9 deadline which has been reportedly extended to August 1. The US President threatened BRICS countries with an additional 10% punitive duty for ‘Anti-American’ policies. On the bright side, investors are the most upbeat for three years in the euro zone due to economic recovery. Industrial output in May beat expectations in Germany. European equities are edging lower, and the dollar is flirting with its three-year low.

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