Daily Report

21 de Julho de 2025
Financial Markets | daily report 21.07.2025
  • Markets ended the week in a cautious mood. Stocks were mixed, with European indices suffering moderate losses while the S&P 500 ended largely unchanged after having dipped earlier in the session. The earnings season kicked off with mostly solid results. Bitcoin closed "Crypto week" little changed (Trump signed the GENIUS Act on Friday).
  • U.S. sovereign yields declined and the USD weakened after Fed Governor Chris Waller pushed for a July rate cut. Waller, who is rumored to be among the candidates to replace Chair Powell in 2026, said he sees a limited impact of tariffs on inflation and is concerned about the labor market.
  • This week the focus will be on the ECB's July monetary policy meeting as well as on preliminary PMI July figures. Trade negotiations will remain in the spotlight as Trump's reciprocal tariffs approach the new August 1st deadline. EU and Chinese officials are scheduled to meet on July 24th for the 50th anniversary of their bilateral relations.