Economy
European Stocks Rally on July 9, STOXX 600 Hits Four-Week High
Economy
European equities closed higher on July 9, with the pan-European STOXX 600 rising 0.8% to a four-week peak, led by banks and defense sectors. Italy’s FTMIB surged 1.6% to 2007 levels, fueled by a 4.6% jump in UniCredit (CRDI.MI) to 2011 highs, despite shareholder resistance to its Commerzbank (CBKG.DE) acquisition bid.more
Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe
Economy
Local - time on Wednesday, US President Donald Trump turned his trade anger towards Brazil, the largest economy in Latin America. He announced a 50% punitive tariff on Brazilian goods exported to the US and ordered an investigation into "unfair trade practices", which may lead to higher tariffs. The new tariff will take effect on August 1, much higher than the 10% tariff imposed on Brazil on April 2 this year.more
RBA Pauses Rate Cuts; Mortgage Stress Shows Regional Divergence
Economy
Australia’s central bank held its cash rate at 3.85% on July 9, with the Monetary Policy Committee voting 6-3 to wait. While May inflation dipped to 2.1% (core 2.4%, a 3.5-year low), June’s CPI was "slightly stronger than expected," and rising global trade policy uncertainties—like U.S. tariff hikes—prompted the RBA to seek more data confirming inflation’s steady move toward the 2.5% target.more
New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts
Economy
New Zealand’s benchmark S&P/NZX 50 index dropped 0.7% to 12,769 on Wednesday, pulling back from a seven-week high hit the previous day, after the Reserve Bank paused its rate-cutting cycle. The central bank kept the cash rate at 3.25% as expected, citing concerns that current inflation and global trade tensions could fuel price pressures. It had cut rates six times since August 2023, totaling 225 basis points, but signaled further cuts may come if inflation eases as projected in May.more
Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines
Economy
Australia’s stock market fell across the board on July 9, with the S&P/ASX 200 dropping 0.61% to 8,538.6 points. Markets reeled after Trump announced plans to impose 50% tariffs on imported copper (effective as early as late July) and 200% on pharmaceuticals, triggering a 13.1% daily surge in copper prices—their biggest jump since 1989.more
New Zealand Central Bank Pauses Rate Cuts as Recession Risks Loom
Economy
On July 9, the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) steady at 3.25%, in line with market expectations. This pause brings an end to six consecutive rate cuts since August 2023, during which the rate was slashed by a cumulative 225 basis points.more
Economy
Japan’s 2025 "shunto" (spring wage negotiations) concluded with average pay hikes reaching 5.25%—equivalent to ¥16,356 per month—marking the second consecutive year of 5%-plus increases. Small and medium enterprises (SMEs) offered 4.65% raises (¥12,361 monthly), up 0.2 percentage points from 2024 but still lagging far behind large corporations. The Japanese Trade Union Confederation noted that while wage gains expanded, SMEs failing to hit the 5% threshold widened income disparities.more
FTSE 100 Edges Up 0.2% on July 9 as Markets Digest U.S. Tariff Expansion
Economy
London’s FTSE 100 inched up 0.2% on July 9, with investors continuing to absorb the impact of U.S. tariff expansions. Advertising giant WPP (WPP.L) plunged 19%—its worst daily drop in over three decades—after slashing profit forecasts due to key client losses and shrinking new business, weighing heavily on the index.more
Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains
Economy
On July 8, 2025, US President Trump announced at a White - House cabinet meeting that he planned to impose a new 50% tariff on all copper imported into the US, which has attracted widespread attention. The news sent New York copper futures prices soaring, triggering shockwaves in the global metal market.more
One in Four French Households Live in Severely Under-Occupied Homes: Insee Study
Economy
A study released by France’s National Institute of Statistics and Economic Studies (l'Insee) on Tuesday, July 8, reveals that a quarter of French households reside in severely under-occupied homes—defined as having at least three more rooms than actually needed. This phenomenon affects 7.6 million primary residences, 93% of which are single-family houses, with three-quarters of these under-occupied homes exceeding 100 square meters in size.more
Canada's S&P/TSX Dips 0.2% as Mining Slides; Energy Gains Offer Partial Offset
Economy
Canada’s S&P/TSX Composite Index fell 0.2% to 26,959.65 on Tuesday, dragged by a 2.4% plunge in mining. Gold producers led declines: SSR Mining (SSRM.TO) dropped 6.1% and Orla Mining (OLA.TO) 6.5%, reflecting global gold price pullbacks.more
Australian Shares Edge Higher on Wall Street Record; RBA Rate Cut in Focus
Economy
Australian stocks rose modestly on Friday (July 5), buoyed by fresh record highs on Wall Street. The S&P/ASX 200 gained 0.17% to 8,610 in midday trade—less than 30 points from its all-time peak—while the All Ordinaries Index added 0.16% to 8,847.3. Despite stronger-than-expected U.S. jobs data dampening hopes for a July Fed rate cut, markets reacted positively to signs of economic resilience.more