Next week, investors will closely monitor trade developments in the US as the July 9th deadline approaches, marking the end of the tariff pause announced in April. The Trump administration has begun sending formal letters to trading partners outlining the tariff rates they will face.
As of July 4th, only a few deals had been finalized—specifically with the UK, Vietnam, and a framework agreement with China. Attention will also turn to the release of the FOMC minutes, as traders look for further clarity on the Fed’s policy direction for the rest of the year. Fed Chair Powell has maintained a cautious, wait-and-see stance. On the economic front, the US calendar is relatively light. Globally, markets will be watching China’s consumer and producer price data, monthly GDP figures from the UK, industrial production and trade numbers from Germany, Canada’s labor market report, and monetary policy decisions from central banks in Australia, South Korea, Malaysia, and New Zealand.
