Morning Economic Report 6-30-25

The strong Wall St finish on Friday extends into an APAC and European session helped by a new dialogue between US/Canada over trade and an extension of the tariff deadline. Europeans latterly drift as reciprocal tariffs begin to breed fear. Many bourse indices are in striking distance of all-time highs. The sweeping 'big, beautiful bill' took another legitaslive step closer, which helps risk, but the possible new debt burden sees the USD falling victim. China Manufacturing PMI improves but remains in contraction. DAX -0.07%, CAC -0.13%, FTSE -0.08%, Euro STOXX600 -0.27%. USD still backfooted over the spending bill and worries on Trump/Powell differences, DXY 97.25. Gold 3287. BTC 107,597