Morning Economic Report 7-14-25

Economy Update

The Hang Seng outperforms and is up 0.5% as China increased monthly exports to 5.6% against a 5% call, although slightly tempered with a 1.1% increase in imports versus their 1.3% estimate. However, US futures and EURO bourses have slipped, reacting to Trump announcing 30% tariff on EU and Mexico over the weekend. The EU has suspended retaliatory tariffs until Aug in appeasement keeping hope for negotiated settlement but has opened engagement talks with others to coordinate action. Because of the UK deal in place the FTSE avoids the sellers. Trump calls for Powell to quit again which brings its own anxiety. DAX -0.66%, CAC -0.41%, FTSE +0.44%, Euro STOXX600 -0.33%. USD stronger against all pairings as tariff chat keeps it firm, DXY 97.87. Gold 3374. BTC $121,610.