Morning Economic Report 8-12-25

Economy Update

Bourses are largely enjoying the China and US 90-day tariff truce extension. The Nvidia self-tariff is regarded in some opinion as the main reason for the trade agreement extension being signed. With Australia’s RBA cutting rates as expected the ASX joins the Nikkei in making new all-time highs. Bullion markets continue to settle as Trump confirms there will be no tariffs on bars. As the global trade scenario appears settled for the next few months, speculation rises on a FED Sep rate cut. Bourses would have seen a clean sweep of positive readings, but the German DAX is backed off by poor ZEW survey data. All eyes on the US CPI. DAX -0.53%, CAC +0.11%, FTSE +0.15%, Euro STOXX600 +0.09%. USD continues to hold gains in front of the US CPI and is given a little help from the RBA cut, DXY 98.56. Gold continuing to ease $3346. BTC $118,323