Takeaways
- Bitcoin (BTC): Fought to stay above the 108K level (+0.05%) amid a weakening dollar and steady risk sentiment.
- Gold: Edged up to $3,280.10 (+0.20%) as the dollar weakened and investors sought stability amid mixed global signals.
- Global Markets: Equities advanced as Canada dropped a digital tax to push trade talks, and OPEC+ hinted at more supply.
- Macro Focus: China’s PMI slipped to 49.7 out of 50 for a third month, raising demand concerns that weighed on commodities.
Global Shifts & Market Sentiment
On June 30, markets went up, supported by fresh momentum in trade negotiations and evolving supply dynamics in key commodities.
Asian equities rose after Canada dropped its digital services tax to help move U.S.–Canada trade talks forward ahead of the July 21 deadline. Meanwhile, oil prices retreated as OPEC+ signaled potential output increases in August, easing supply concerns.
Simultaneously, China’s manufacturing PMI stayed below the expansion threshold for a third consecutive month, reaching 49.7 out of 50 and reinforcing concerns over global demand and weighing on commodity prices.
However, gold and equities found support as the U.S. dollar softened, driven by increasing speculation about upcoming Fed rate cuts.
Global Indices
- S&P 500 (SPX): 6,173.08 (+0.52%)
- Dow Jones Industrial Average (DJI): 43,819.27 (+1.00%)
- Nasdaq Composite (IIc‑D): 20,273.46 (+0.52%)
- Nikkei 225 (NK2251D): 40,790.0 (+0.77%)
- Euronext 100 (N100‑D): 1,575.55 (+1.25%)
- FTSE 100 (FTSE): 8,792.9 (+0.07%)
Cryptocurrencies
- Bitcoin (BTCUSD): 108,442 (+0.05%)
- Ethereum (ETHUSDT): 2,500.00 (–0.09%)
- Solana (SOL): 163.35 (–1.88%)
- Binance Coin (BNBUSDT): 654.78 (–0.02%)
Commodities
- Gold (GOLD): 3,280.10 (+0.20%)
- Silver (SILVER): 36.155 (+0.55%)
- WTI Crude Oil (USOIL): 65.18 (+0.23%)
- Brent Crude Oil (BRENT): 65.54 (–0.18%)
Individual Stocks
- NVIDIA (NVDA): 157.75 (+1.76%)
- Tesla (TSLA): 323.63 (–0.66%)
- Microsoft (MSFT): 495.94 (–0.30%)
- Meta Platforms (META): 733.63 (+1.04%)
- Apple (AAPL): 201.08 (+0.04%)
- Amazon (AMZN): 223.30 (+2.85%)
Forex
- EUR/USD: 1.1724 (+0.07%)
- GBP/USD: 1.3725 (–0.06%)
- USD/JPY: 144.012 (–0.42%)
- U.S. Dollar Index (DXY): 97.159 (–0.10%)
Market Wrap-Up
Markets are reacting more to real-time developments in trade negotiations and supply conditions than to geopolitical headlines
Canada’s tax rollback helped lift sentiment, while OPEC+ and China data kept traders cautious on commodities. Meanwhile, a softer dollar amid growing Fed dovishness is propelling equities and precious metals.
As investors await the U.S. jobs report and ongoing trade negotiations, markets remain cautiously optimistic, balancing global growth concerns with easing policy expectations.
Read More: Dollar Tumbles to Three-Year Low as Trump Weighs Early Fed Chair Replacement
