July 8, 2025
Dollar rises after Trump announces Japan, South Korea tariffs
The dollar rose sharply against other major currencies, after U.S. President Donald Trump announced new tariffs set to go into effect August 1 for a spate of countries including Japan and South Korea.
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July 8, 2025
Oil up as strong demand outweighs surprisingly big OPEC+ output hike
Oil prices rose as signs of strong demand more than offset the impact of a higher-than-expected OPEC+ output hike for August and fresh concerns about the potential impact of U.S. tariffs.
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July 8, 2025
Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future.
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July 7, 2025
Ripple applies for US national bank charter
Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote, following a similar move by stablecoin giant Circle. The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system.
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July 7, 2025
Sterling notched weekly loss as fiscal concerns loom
Sterling notched a weekly loss on Friday, marking a lacklustre end to a week that saw fiscal and political uncertainties rattle investor appetite for UK assets. Traders expect the Bank of England to lower borrowing costs by 25 basis points next in September
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July 7, 2025
As US stocks rally, investors eye tariff deadline
Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, it could prove positive for the markets.
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