The U.S. market pointed to a lower point on Sunday night that the Trump administration showed no signs of support for tariffs or Fed Chairman Jerome Powell.
After Wall Street Previously downplayed risks Investors have begun to pay more attention to President Donald Trump’s tariff threats in the midst of his trade war.
Trump continued his letter blitz, warning the EU and Mexico they faced 30% tariffs on Saturday unless they reached a trade deal by August 1. The EU said on Sunday it will Delay its retaliatory tariffs This will take effect on Monday to negotiate more breathing space with the United States.
Trump officials also claimed Powell mismanages the Fed and pointed to Renovation of the Central Bank Headquartersas National Economic Commission Director Kevin Hassett even showed that Powell’s work could be at risk. German Bank Say the financial market is Underestimate the risk He can be ousted.
Futures related to the Dow Jones industrial average fell 214 points, or 0.48%. S&P 500-year futures fell 0.50%, and Nasdaq Futures fell 0.55%.
The yield on the treasury in 10 years fell by 0.6 basis points to 4.417%. Gold remained flat at $3,364 per ounce, while the dollar rose 0.2% against the euro and fell 0.12% against the yen.
U.S. oil prices rose 0.58% to $68.85 a barrel, while Brent crude climbed 0.16% to $70.79.
Key economic indicators will be generated in the coming week. The Consumer Price Index will be released on Tuesday, and the Manufacturer Price Index will be launched on Wednesday, and provides fresh clues about electricity prices affecting inflation.
That’s Tariffs have not triggered price increasesalthough many companies are still deleting inventory that was in stock before their duties take effect.
Also Wednesday, the Federal Reserve’s Beige Plum Book Survey will be issued and will be sold for retail Thursday, while the housing opening will be launched on Friday. These datasets will also provide insights on how consumers and companies respond to tariffs.
Several Fed policymakers will speak next week, due to the huge pressure on the White House to lower interest rates.
Over the following week, the income season was taken seriously, and Wall Street was eager to find out how many tariffs affected profit margins. Top U.S. banks to report second quarter results JPMorgan Chase,,,,, Citigroup and Wells Fargo Tuesday. Streaming leader in technology Netflix chip giant TSMC reported on Thursday. In industry, AluminumGE Aerospace and 3m It is also due.
Thursday, Delta gas line Earnings and revenue forecasts can also restore their profit outlook for 2025 as demand stabilizes.
