Daily Report

11 de Julho de 2025
Financial Markets | daily report 11.07.2025
  • Investors traded in a mixed mood in a session in which Donald Trump threatened a 35% tariff on Canada (for goods outside USMCA) and floated the idea of a 15%-20% global baseline tariff rate (currently, 10%). Stocks advanced modestly in the U.S. but declined in Europe. Sovereign yields rose, and the EUR weakened and traded below $1.17 (touching 10 day lows).
  • In commodity markets, the barrel of Brent dropped below $70 as traders pondered whether an OPEC+ discussion to pause production increases from October could signal waning demand. On the other hand, copper rose 2.6% (+10% on the week) as Donald Trump made his tariff threat more concrete and said it would levy the 50% tariff on copper imports from August 1.
  • In Brazil, the Ibovespa stock market index lost 0.5% (1.8% since Tuesday's close) while the BRL recovered some ground against the USD (+0.7% yesterday, 1.5% since Tuesday's close) as investors digested Donald Trump's threat to charge the country a 50% tariff.