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Your Daily Market Brief
July 1, 2025
 
   
  Market Wrap: Stocks, Bonds, Commodities  
 
 
On Monday, U.S. stocks posted further gains, lifting both the S&P 500 (up 31 points or 0.52% to 6,204) and the Nasdaq 100 (up 144 points or 0.64% to 22,679) to record closing levels again.

The Dow Jones Industrial Average was up 275 points (+0.63%) to 44,094.

Nvidia (NVDA) edged up 0.15% to 157.99 dollars, marking its fourth consecutive record close.

Meta Platforms (META) climbed 0.61% to 737.35 dollars, also a record closing level.

Oracle (ORCL) gained 3.99% to close at a record level of 218.63 dollars. The software giant disclosed that it has signed new multibillion-dollar cloud services agreements.

Apple (AAPL) rebounded 2.03%, while Tesla (TSLA) fell 1.84% extending its losing streak to a fifth session.

Hewlett Packard Enterprise (HPE) rose 11.08% and Juniper Networks (JNPR) advanced 8.45%. The U.S. Department of Justice has settled a lawsuit against HPE for its 14-billion-dollar acquisition of Juniper Networks.

The 10-year Treasury yield retreated 4.9 basis points to 4.234%.

European stocks closed lower, with the DAX 40 falling 0.51%, the CAC 40 down 0.33%, and the FTSE 100 down 0.43%.

U.S. WTI crude futures settled down 41 cents at 65.11 dollars a barrel. According to a monthly report by the U.S. Energy Information Administration, U.S. crude oil production hit a record 13.47 million barrels per day in April.

After slumping over 50 dollars on Friday, gold price rebounded 28 dollars to 3,302 dollars an ounce.
 
 
  Market Wrap: Forex  
 
 
The U.S. dollar weakened further on growing concerns that President Donald Trump's tax-cut and spending bill would boost the government deficit. The dollar fell past the level of 97.

EUR/USD rose 66 pips to 1.1785, a four-year high. Germany's inflation rate eased to 2.0% year on year in June, and retail sales slipped 1.6% month on month in May (vs +0.5% expected).

USD/JPY dropped 63 pips to 144.02.

GBP/USD advanced 17 pips to 1.3731, and AUD/USD rose 49 pips to 0.6579.

USD/CHF retreated 62 pips to 0.7927, and USD/CAD slipped 73 pips to 1.3608.

Bitcoin failed to secure the level of 108,000 dollars. However, it closed at 107,173 dollars at end-June, a record-high monthly closing level.
 
 
  Morning Trading  
 
 
In Asian trading hours, USD/JPY sank to a 2-week low at 143.70. The Bank of Japan Tankan large manufacturers index posted at 13 for the second quarter (vs 10 expected, 12 in the first quarter).

On the other hand, China's Caixin manufacturing purchasing managers index rose to 50.4 in June, above 49.2 expected.

Meanwhile, EUR/USD and GBP/USD were both steady, at 1.1784 and 1.3730 respectively.

Gold advanced to 3,317 dollars.

Bitcoin was little changed at 107,360 dollars.
 
 
  Expected Today  
 
 
The eurozone's inflation rate is anticipated to edge up to 2.0% year-on-year in June.

Germany's jobless rate is expected to be unchanged at 6.3% in June.

U.K. Nationwide housing prices index is estimated to be up 0.1% month-on-month in June.

In the U.S., the ISM manufacturing purchasing managers index is expected to improve to 49.2 in June, while JOLTs job openings for May are estimated at 7.1 million.
 
 
 
 
Web TV from Trading Central
 
 
 
GBP/USD Intraday: Continuation of Rebound
 
GBP/USD intraday is expected to rebound further as long as the key support at 1.3700 holds.
 
WATCH NOW
 
 
     
 
 

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