Morning Economic Report 7-25-25

Economy Update

Bourses are mixed after yet another all-time high in Nasdaq and S&P yesterday. Many believe that an EU trade deal will happen before the Aug 1 deadline, India has expressed a desire to do so, which keeps bulls in the driving seat. The lower jobless claims aided the US bourses, but the docket is light today with only German IFO Expectations, Business Climate and Current conditions, which were all slightly under expectation, and US Durable goods. Markets are likely to contemplate the coming massive week with FED, BoJ, NFP and results from Meta, Apple, Microsoft and Amazon among other important drivers. DAX -0.67%, CAC +0.10%, FTSE -0.32%, Euro STOXX600 -0.46%. A mixed bag for currencies, although Lagarde's post-ECB decision speech was deemed on the hawkish side, with little reaction to the mini meeting of Trump/Powell, DXY 97.38. Gold 3363. BTC $118,467.