Morning Economic Report 6-12-25

Wall St, APAC and EUR show signs of risk off due to geopolitical tensions, reacting to US pulling staff from Iraq and other countries. Added weight to downward momentum is Trump rolling out tariff chat again. Says, would consider allowing deadline extension, but plans to send letters to trade partners with a 'take it or leave it' message. With the FED meeting next week, close attention is being paid to PPI and Jobless Claims. DAX -1.31%, CAC -0.73%, FTSE -0.09%, Euro STOXX600 -0.69%. The softer US CPI still keeps the USD pressured, but renewed tariff talk accelerates decline, with attention on PPI, DXY 98.07. Gold 3366. BTC $107,468.