Morning Economic Report 7-29-25

APAC struggled in continuing to join in the US/EU deal inspired Wall St glee and commentators abound on the threat to trade and inflation. This is magnified by Trump talking on a 'world tariff' rate of 15-20% on those that do not sign up by August 1st deadline. China extension talks seem to be progressing, but Trump says he has no plans to visit Xi. General dismay within EU membership hangs on the EURO and the USD keeps hold of rally, but European stock indices are still firm on trade certainty and good results from AstraZeneca and Philips. Today saw the start of a slew of metrics and results over the week. For this US session, markets on the lookout for US Jolts job openings, US Retail/Wholesale Inventories, US Adv Trade Balance, Atlanta GDPnow and many companies with Visa, Paypal, Spotify among many. DAX +1.24%, CAC +1.40%, FTSE +0.47%, Euro STOXX600 +0.68%. EUR still bothered by a disgruntled France and Germany over EU deal, USD gains on JPY as BoJ wrestles with rates, DXY 98.76. Gold 3325. BTC $118,652.