Morning Economic Report 7-16-25

Economy Update

The US CPI noted tariff influence on prices which led to some FED comments on being patient. With PPI out today and further FEDspeak scheduled, all markets are penned. Bourses might have fallen if it were not for Nvidia likely securing licences to export to China again. As it is, APAC spent much of the session contained, and after UK Core CPI came at in 3.7%, higher than the 3.5% call, Europe was listless, made worse by internal governmental stress in France and soft forwarding outlook for ASML. Only the US PPI and Industrial Production are on the main docket with earnings from Goldman and M. Stanley due. DAX +0.15%, CAC -0.04%, FTSE +0.16%, Euro STOXX600 +0.21%. Political strife in France drags the Euro and US CPI gave no softer leads for rate cuts, DXY 98.54. Gold 3340. BTC $119,161.