1. US – EU about to sign 15% trade agreement: A turning point in transatlantic strategy
According to Financial TimesThe US and the European Union (EU) are close to signing a major trade agreement with a tariff of 15% – similar to the US-Japan agreement. Some strategic sectors are expected to be exempted to facilitate cross-continental supply chains and technological innovation.
📌 Market impact: Positive signals for the Euro and global trade, investors expect stability in US-EU economic relations.
2. Oil and gold prices continue to fall sharply: Defensive sentiment weakens
- Brent and WTI crude oil prices recorded a fourth consecutive session of decline, due to pressure from the outlook of low demand and high interest rates.
- Gold prices also continued to fall as demand for shelter decreased, amid better-than-expected US-EU economic data.
📊 Price update:
- Spot gold: Nearly touching $3,380/ounce
- Brent Oil: Trading around $82/barrel
3. Wall Street recovers strongly: Technology and AI lead the wave
US stocks surged after Alphabet reported better-than-expected earnings, while an artificial intelligence (AI) conference hosted by former President Donald Trump in Texas added to the positive sentiment for technology stocks.
📈 Notable metrics:
- Nasdaq surges thanks to AI group
- Dow Jones recovers after series of correction sessions
4. US-Ukraine Relations: Weapons and Diplomacy Go Hand in Hand
Washington has approved two new arms aid packages for Ukraine, demonstrating its commitment to support Kyiv as fighting continues in Donetsk and Kharkiv. At the same time, Ukraine has proposed a summit between President Zelensky and President Putin in August, in order to seek a diplomatic solution.
5. Israel – Palestine: Tensions escalate at the United Nations
At a special session of the UN General Assembly, Israeli and Palestinian representatives engaged in a heated exchange of words over the humanitarian situation in Gaza, a sign that the regional crisis is far from over.
6. Stable exchange rates and commodity markets
- The USD-CNY exchange rate fluctuated slightly as investors waited for policy signals from the US Federal Reserve (Fed) and Chinese economic data.
- The MXV-Index composite commodity index was flat, as energy, agricultural and industrial metal prices failed to record significant breakthroughs.
7. US tests new generation missile defense strategy
The Pentagon announced plans to develop a new generation of tactical missiles with the criteria of "low cost - high efficiency" to prepare for complex military confrontation scenarios in the future.
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