Morning Economic Report 8-8-25

Bourses across the globe are positive in the main after Trump nominates Stephen Miran to the FED which is perceived as a dovish twist. Nikkei helps everything along as a possible US double tariff is cleared up. EUR bourses are also firm, with STOXX600 up over 2% on the week as corporate results continue to please investors and bets for more ECB cuts are seen. Reuters report India is set to pause buying of US arms in tariff retaliation. A quiet data day. DAX -0.15%, CAC +0.29%, FTSE -0.03%, Euro STOXX600 +0.20%. Forex is quiet with light docket, speculation on Trump’s pick for the FED and continued tariff confusion. DXY 98.73. Gold 3361. BTC $116,738