The UK’s FTSE 100 closed at a fresh record high as investors grew hopeful of future interest rate cuts by the Bank of England, while AstraZeneca’s shares gained following positive drug trial results.
FTSE 100 rises on rate cut optimism
Oil rises as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2% to end last week as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus.
Trump intensifies trade war with fresh threats
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
Dollar rises against major currencies
The U.S. dollar rose against major currencies including the euro and the Swiss franc as currency markets largely shrugged off President Donald Trump’s latest tariff missives, except in Brazil where a threatened 50% levy sent the real sliding.
Wall Street’s golden child Nvidia notches $4 trillion record close market cap
Nvidia’s stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the AI chipmaker’s position as one of Wall Street’s most-favored stocks.
Bitcoin hits all-time high as liquidity influx backs BTC price discovery
Bitcoin price hit new highs as a stablecoin liquidity metric pointed to fresh capital flowing into BTC. Retail investor inflows dropped while Binance’s market share surged past 49%, highlighting institutional investors’ role in driving the rally.