FXEM - EMPIRE MARKETS - Company New Article
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Jul 01, 2025
Markets stay volatile amid Sintra talks
Lagarde urges caution amid stalled US economic policies
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Uncertainty grips markets as European Central Bank President Christine Lagarde chairs the Sintra Forum, which brings together major central banks, highlighting risks to growth, inflation, and trade. Participants highlighted the potential impact of Trump's massive "One, Big, Beautiful Bill," which is stalled in the Senate, as well as pending retaliatory tariffs. Asian stocks saw mixed performance, with positive volatility in Korea and Taiwan, and a decline in Japan due to a stronger yen. |
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Oil fell on expectations of increased OPEC+ production and declining demand amid economic uncertainty, with Brent crude at $66.44 per barrel and WTI at $64.78.
Gold rose, driven by a weaker dollar and concerns over US tariffs, maintaining its safe-haven support.
With strong PMI data and statements on "opening up growth" from the US and UK awaiting, markets remain cautious, bracing for potential moves in the context of the upcoming Federal Reserve decision.