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Tuesday, 29 July 2025 23:21 WIB

The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers. The two sides aim to produce a joint statement to clarify what they have agreed to, but here are the main elements of the deal that will enter into force on August 1 through an executive order by President Donald Trump, according to EU officials: * BASELINE TARIFF RATE: Almost all EU goods entering the U.S. will be subject to a 15% baseline tariff. The 15% tariff is not added to any existing rates. * CARS: Cars and car parts will be subject to the 15%...

RECENT NEWS
EUR/USD Remains Below 1.0400 Following Trump's Comments On Tariffs
Tuesday, 21 January 2025 10:36 WIB | Euro

EUR/USD remains in negative territory after paring recent losses, trading around 1.0380 during Asian hours on Tuesday (1/21). The euro (EUR) remains under pressure as dovish expectations for the European Central Bank (ECB) continue to dominate. Markets are pricing in a 25 basis point (bps) interest rate cut at each of the next four ECB policy meetings, driven by concerns over the Eurozone economic outlook and the belief that inflationary pressures will remain subdued. These dovish bets have increased due to growing confidence that Eurozone inflation will return sustainably to the ECB's 2%...

Oil Prices Rise As Traders Assess Trump's First Day In Office
Tuesday, 21 January 2025 10:29 WIB | Minyak WTI

WTI crude oil prices rose to around $76.8 a barrel on Tuesday (21/1), as traders digested a series of executive orders from U.S. President Donald Trump following his inauguration. Among them was a plan to impose 25% tariffs on imports from Mexico and Canada starting Feb. 1, tempering investor expectations of a delay. However, Trump delayed announcing specific levies on China, the world's largest oil importer, keeping markets on edge. Traders also awaited further details on sanctions targeting major oil exporters, including Russia, Iran and Venezuela. On Monday, crude prices fell more than...

Australian Dollar Weakens Amid Risk-Off Sentiment, Eyes On Trump Policies
Tuesday, 21 January 2025 09:47 WIB |

The Australian dollar (AUD) pared its recent gains on Tuesday (21/1) after a strong performance in the previous session. However, the AUD/USD pair strengthened as the US dollar (USD) weakened, with traders looking at US President Donald Trump's economic policy updates, particularly on tariffs. The S&P/ASX 200 Index rose to nearly 8,400 on Tuesday, hitting its highest level in six weeks. The rally came after Donald Trump's second-term inauguration, as markets reacted positively to his decision not to announce new tariffs. Traders are increasingly anticipating that the Reserve Bank of...

Dollar Gains On Tariff Concerns
Tuesday, 21 January 2025 09:33 WIB | DOLLAR

The dollar index rose to around 108.5 on Tuesday (21/1), recovering some of the previous session's losses after U.S. President Donald Trump said he was considering 25% tariffs on Canada and Mexico as early as Feb. 1, citing concerns about illegal immigration at the U.S. border. Trump also mentioned China but did not provide further details. The dollar has gained momentum since October, driven in part by concerns that Trump's "America First" policies and pro-growth stance could spur inflation, which in turn could discourage the Federal Reserve from cutting interest rates further. However,...

WTI Extends Decline Below $76.50 As Trump Vows To Boost Oil Output
Tuesday, 21 January 2025 07:36 WIB | Minyak WTI Oil,

West Texas Intermediate (WTI), the U.S. crude benchmark, was trading around $76.15 on Tuesday (21/1). WTI prices attracted some sellers as traders awaited a series of executive orders from U.S. President Donald Trump after his inauguration. Trump announced on Monday that he would immediately declare a national energy emergency, vowing to fill the strategic reserve and use the authority to quickly approve new oil, gas and power projects that typically take years to obtain permits. The Trump administration will push for more oil and gas production and consumption in the United States, which...

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ASIA
China Manufacturing Shrinks for 3rd Month
Monday, 30 June 2025 09:46 WIB

China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity. It...

EUROPE
European Shares Muted
Friday, 6 June 2025 14:47 WIB

Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...

GLOBAL ECONOMY
EU and U.S. Strike Metals Deal to Tackle Chinese Overcapacity
Tuesday, 29 July 2025 09:36 WIB

The European Union and the U.S. will form a "metals alliance" to counter the impact of subsidised Chinese production on global markets, as part of their ongoing trade deal, EU Trade Commissioner...