Morning Economic Report 7-8-25

A slight recovery in bourses after the fall inspired by Trumps sending tariff letters to countries including Japan, South Korea, Thailand, South Africa and others threatening 25-40% tariffs but extended deadline to Aug 1. APAC also caught by RBA decision to hold pat on interest rate when a 25bps cut was widely predicted. As Q2 reporting season approaches Samsung warns on lower profits due to US chip embargo to China. European bourses quietly steady as Politico reports White House has offered EU 10% tariff deal, but nothing confirmed. DAX +0.47%, CAC -0.04%, FTSE +0.61%, Euro STOXX600 -0.15%. FX caught up by Trump's letters and RBA decision, DXY 97.40. Gold 3323. BTC $108,587.