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Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

July 10, 2025, 2:42 pm EDT
Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

July 10, 2025, 3:02 pm EDT
UK Construction PMI Rises to 6-Month High in June but Remains in Contraction

UK Construction PMI Rises to 6-Month High in June but Remains in Contraction

July 10, 2025, 4:10 pm EDT
Japan’s Spring Wage Hikes Hit New High, but Real Purchasing Power Shrinks; U.S. Tariff Standoff Looms

Japan’s Spring Wage Hikes Hit New High, but Real Purchasing Power Shrinks; U.S. Tariff Standoff Looms

July 10, 2025, 4:14 pm EDT
Japan's Real Wages See Steepest Drop in 20 Months, Straining Consumption Recovery

Japan's Real Wages See Steepest Drop in 20 Months, Straining Consumption Recovery

July 10, 2025, 3:56 pm EDT
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New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

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.

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada is pushing faster trade diversification to fend off U.S. tariff impacts: its U.S. export share dropped 10 percentage points to 68% between May 2024 and May 2025, with auto parts and steel hit hardest. Over the period, U.S.-bound exports fell C$7.7 billion (-15%), while gains to the UK, EU, and Asia-Pacific (C$5.7 billion, +42%) failed to offset the gap.

Canada's June Ivey PMI Rises to 4-Month High; Rental Market Cools Unevenly

Canada's June Ivey PMI Rises to 4-Month High; Rental Market Cools Unevenly

Canada’s Ivey PMI climbed to 53.3 in June, a four-month high, signaling accelerating economic activity. However, underlying concerns emerged: the employment sub-index dipped below 50 (49.5), while the price index surged to 70.2, highlighting mounting inflation pressures.

Plummeting International Student Numbers in Australia Raise Labor Shortage Fears; RBA Rate Cut Imminent

Plummeting International Student Numbers in Australia Raise Labor Shortage Fears; RBA Rate Cut Imminent

Australia is grappling with a sharp decline in international students, triggering concerns over labor market gaps. As of April 2025, the total number of international students dropped to 794,000, a decrease of 300,000 from the end of 2024. New enrollments plummeted 13% year-on-year to 219,000, while visa applications fell by over 30%. This is largely attributed to successive policy tightenings: visa fees were hiked twice in a year (from A$710 to A$1,600, then to A$2,000); English proficiency and financial proof requirements were raised

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

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.

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

U.S. stocks rallied broadly on Wednesday, July 10, with the tech-heavy Nasdaq hitting a record high. The surge followed the Federal Reserve’s meeting minutes reinforcing expectations of rate cuts this year and Nvidia’s brief ascent to a $4 trillion market valuation.

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

Germany’s industrial orders fell unexpectedly by 1.4% month-on-month in May, far exceeding the market’s projected 0.1% decline and ending a three-month recovery streak. Weak domestic demand emerged as the primary drag: domestic orders plummeted 7.8%, with the computer and electronics sector crashing 17.7%, while electrical equipment and basic metals industries also contracted.

New Zealand Household Savings Deteriorate Further; Housing Market Shows Uneven Recovery

New Zealand Household Savings Deteriorate Further; Housing Market Shows Uneven Recovery

New Zealand’s household savings situation continued to worsen in the first quarter of 2025, with Statistics New Zealand data showing savings falling to -NZ$1.6 billion (a NZ$392 million quarterly decline), marking the third consecutive quarter of negative savings. This was driven by household spending growth (+2.2% to NZ$62.2 billion) outpacing disposable income gains (+1.5% to NZ$60.6 billion).

Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains

Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains

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.

Japan's Real Wages See Steepest Drop in 20 Months, Straining Consumption Recovery

Japan's Real Wages See Steepest Drop in 20 Months, Straining Consumption Recovery

A core contradiction has emerged in Japan’s economy: inflation-adjusted real wages plummeted 2.9% year-on-year in May (following a -2.0% decline in April), marking the sharpest drop in 20 months and extending a five-month streak of contraction. This was driven by persistent inflation—running at 4% when excluding fresh food but including rent costs—outpacing nominal wage growth, which slowed drastically to 1.0% (to ¥300,000) from 2.0% in April, hitting a 14-month low.

Japan’s Spring Wage Hikes Hit New High, but Real Purchasing Power Shrinks; U.S. Tariff Standoff Looms

Japan’s Spring Wage Hikes Hit New High, but Real Purchasing Power Shrinks; U.S. Tariff Standoff Looms

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.

Australian Business Conditions Surge to 1-Year High, Offset by U.S. Tariff Risks

Australian Business Conditions Surge to 1-Year High, Offset by U.S. Tariff Risks

Australia’s business environment improved sharply in June, with NAB’s Business Conditions Index jumping 9 points to a 13-month peak on July 9, while confidence rose for the third straight month (+3 points). All key metrics strengthened: sales surged 10 points, profitability gained 9 points, and employment edged up 2 points. Capacity utilization hit 83.3%, with future orders climbing 2 points, signaling a shift from early-year weakness and stronger second-half momentum, noted NAB’s Australian Economics Head Gareth Spence.

Bitcoin Hits New All-Time High of $118,804.6, Driven by Policy Shifts and Institutional Inflows

Bitcoin Hits New All-Time High of $118,804.6, Driven by Policy Shifts and Institutional Inflows

Bitcoin surged to a historic peak of $118,804.6 per coin on July 11, marking a 6.83% daily gain and breaking its previous record set in May 2025 . This milestone comes amid a confluence of geopolitical, regulatory, and market-driven factors reshaping the cryptocurrency landscape.

UK Construction PMI Rises to 6-Month High in June but Remains in Contraction

UK Construction PMI Rises to 6-Month High in June but Remains in Contraction

Britain’s construction sector showed mixed signals in June, with the Purchasing Managers’ Index (PMI) edging up to 48.8—its highest level in six months—yet still lingering below the 50 threshold that separates expansion from contraction. A stark divide emerged within the industry:

BOJ Warns of Food Price-Driven Inflation; U.S. Tariffs Could Severely Hurt Japan's GDP

BOJ Warns of Food Price-Driven Inflation; U.S. Tariffs Could Severely Hurt Japan's GDP

Bank of Japan board member Junko Kotani warned on July 9 that surging prices of rice and other foodstuffs are intensifying inflationary pressures, urging vigilance against "second-round effects" that might lift household inflation expectations. Japan’s consumer inflation remains around 3%, but the BOJ’s weighted median inflation gauge—closely watched by policymakers—still lags below the 2% target. Kotani noted economic uncertainty makes it premature to pinpoint the next rate hike, with food prices a critical variable.