Number 10 announced Sir Keir will meet Mr. Trump during a “private” Scotland trip. Indonesian goods face a 19pc US tariff, but American goods enter Indonesia tariff-free. European stocks fell amid US-EU trade deal uncertainty. ZEW institute warns German investor morale hinges on EU-US trade deal.

US inflation data impact raises government borrowing costs in US and Europe. US Treasury yield hits 4.488pc. German, UK yields rise. FTSE 100 falls 0.7pc after breaching 9,000. Stoxx 600 drops 0.4pc, Cac 40 and Dax fall. AJ Bell notes FTSE 100’s struggle near 9,000.

US Commerce Secretary confirms no tariffs on US goods entering Indonesia, but Indonesian goods face tariffs entering US. Trump hints at “great deal” with Indonesia. Canadian PM doubts zero-tariff deal with US. Carney emphasizes focus on strong Canadian economy.

Citigroup CEO expects US consumer spending slowdown in second half due to tariff effects. Businesses more comfortable with uncertainty. Nvidia shares surge 4.4pc, counterbalancing US stock falls. S&P 500 flat, Dow down 0.6pc. Market influenced by chip giant Nvidia. The Nasdaq is up 0.7%, heading for a record close, while inflation in the US rose to 2.7% last month. Economists believe prices for imported goods like clothes and toys are increasing due to tariffs imposed by Donald Trump.

Trump announced a trade deal with Indonesia to reduce the trade deficit. The US had a goods trade deficit of nearly $18bn with Indonesia last year, with top imports including palm oil, electronics, footwear, and rubber.

Mexico’s president warned of potential measures if a tariff agreement with the US is not reached by August 1. Trump renegotiated the Nafta deal to create the USMCA but has since imposed tariffs on Mexico and Canada.

Warren criticized Trump’s trade war for raising inflation, impacting families. Long-lasting goods prices rose last month due to tariffs. Housing costs, a major driver of inflation, have cooled. The Fed may cut rates further due to tariff uncertainty.

UK inflation data expected tomorrow may support interest rate cuts. Stable inflation at 3.4%, offset by lower energy costs, could prompt the Bank of England to lower rates in August. Traders are already pricing in two quarter-point cuts by year-end. Global trade in goods grew by 5.3% in the first quarter, surpassing forecasts. The surge was driven by companies rushing to ship goods to the US before new tariffs. The World Trade Organization expects growth to slow due to higher tariffs and fully stocked inventories.

Banks in Britain will encourage savers to invest in the stock market to boost the economy. The Treasury projects households could see a £9,000 increase by investing in shares. This initiative aims to generate higher returns and support British businesses.

Donald Trump urges the Federal Reserve to lower interest rates following US inflation data. Despite the inflation rate slightly exceeding expectations, Wall Street and Treasury bonds rallied. JP Morgan’s CEO cautions of risks from tariffs and trade uncertainty.

Nvidia hits a record high after gaining approval to sell AI chips to China, boosting its market cap. The semiconductor giant’s CEO announced the restart of sales to China, leading to a surge in stock price. The US stock indexes rise despite higher inflation figures.

US inflation shows early signs of tariff-led price increases, raising concerns for the Federal Reserve. Economists predict stable labor market conditions may prevent a rate cut in September. Signs of tariff-induced price hikes are still limited but could escalate with potential tariff increases.

President Trump plans to meet Sir Keir Starmer in Aberdeen, the “oil capital of Europe,” during his Scotland visit. While visiting in a personal capacity, Trump will also meet with the Prime Minister. He emphasizes the potential for Scotland to capitalize on its oil resources. Donald Trump will meet Sir Keir Starmer in Aberdeen, Scotland, later this month to discuss his opposition to windmills and preference for oil. The cost of government borrowing decreased after US inflation figures were slightly higher than expected, easing fears of economic impact from Trump’s tariffs. Traders are betting on Federal Reserve interest rate cuts in September as longer-term bond yields drop.

Federal Reserve fund managers predict interest rate cuts in September after US inflation rises slightly higher than expected. Trump’s tariffs have not significantly impacted the US economy, despite concerns. Stock indexes rise in premarket trading as US inflation only slightly exceeds estimates, with core figures meeting expectations. US consumer prices increase in June, potentially signaling a rise in tariff-induced inflation.

US inflation rises more than expected in June, with the consumer prices index increasing by 2.7%, compared to May’s 2.4% gain. Analysts had predicted a smaller increase of 2.6%. Trump initiates a process to replace Federal Reserve Chairman Jerome Powell, with potential successors already being identified. The decision ultimately lies with President Trump, raising speculation about his intentions. The US president launched a fresh attack on Fed chairman Jerome Powell, calling him a “stupid guy” and a “knucklehead.” Trump has demanded lower interest rates, criticizing Powell’s decisions. Traders are betting on a pound slump amid speculation of a Bank of England rate cut, leading to a record high for the FTSE 100.

Robert Walters cuts jobs and reports a drop in income due to global economic uncertainty. The London-listed recruitment firm anticipates no hiring market improvement. Group net fee income fell 13%, with significant losses in mainland Europe. The pound rises against the dollar ahead of US inflation data and Bank of England announcements.

Expectations are high for a Bank of England rate cut as money markets show a 93% chance in August. Governor Andrew Bailey signals potential rate reductions if job market indicators weaken. The pound rises slightly against the dollar as traders anticipate further declines and await key economic data.

Chancellor Rachel Reeves plans to introduce a new era of risky lending and mortgage shake-up to boost homeownership. She aims to reform bank ring-fencing and reduce red tape in financial services. Reeves’ Leeds reforms seek to invigorate the economy through financial sector overhauls.

Analysts warn of a potential hit to bond markets this summer as Japan’s government borrowing costs hit a high not seen since 2008. Rising bond yields globally reflect concerns about fiscal spending amid tariff policies. Despite potential bond market volatility, real assets like stocks and commodities may benefit.

Bond markets remain calm ahead of US inflation figures, with analysts anticipating potential volatility in the second half of the year. Western governments’ high spending could impact long bonds, leading to increased market fluctuations. Stocks and commodities may see growth as a result. The yield on 10-year UK gilts dropped to 4.57pc. The UK stock market hit a record high, surpassing 9,000 points for the first time. The FTSE 100 outperformed US indices, rising 8.9% this year. EU threatens tariffs on US goods like Boeing and bourbon, worth €72bn. Trump retaliates with 30pc baseline tariff on EU imports.

EU threatens to impose tariffs on US goods like Boeing, machinery, cars, and bourbon if trade talks fail. Second retaliation package worth €72bn includes agricultural products. EU member states receive list of products subject to tariffs. First package of €21bn goods suspended until August 6.

FTSE 100 drops below 9,000 after record high. Traditional businesses essential amid AI disruption. Investors underestimate importance of capital-intensive sectors like banks and defense. Market shifts towards rewarding value, cashflows, and resilience. AI and internet democratization pose threats to capital-light business models. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. Investors are concerned about rising inflation and the potential impact on corporate profits.

2. A new study has found that eating a plant-based diet may reduce the risk of developing heart disease by up to 32%. Researchers suggest that increasing consumption of fruits, vegetables, and whole grains can have a significant impact on heart health.

3. The United Nations has declared a famine in parts of Ethiopia, warning that millions of people are at risk of starvation. Aid agencies are calling for urgent action to prevent a humanitarian crisis in the region.

4. Tesla has announced plans to build a new factory in Texas, creating thousands of jobs in the area. The electric car company is expanding its production capacity to meet growing demand for its vehicles.

5. The World Health Organization has approved the emergency use of a new COVID-19 vaccine developed by Novavax. The vaccine has shown promising results in clinical trials and could help increase global vaccination efforts. 1. The United States confirmed over 100,000 new COVID-19 cases in a single day, marking a new record high. Hospitals are reaching capacity in some states, prompting concerns about healthcare resources and the need for stronger measures to curb the spread of the virus.

2. President-elect Joe Biden has unveiled his coronavirus task force, comprised of leading health experts and scientists. The task force will focus on developing a comprehensive plan to tackle the pandemic and work closely with state and local officials to implement effective strategies.

3. Pfizer announced promising results from its COVID-19 vaccine trial, with an efficacy rate of over 90%. The vaccine could potentially be available by the end of the year pending regulatory approval. This development has raised hopes for a safe and effective solution to the global health crisis.

4. Tropical Storm Eta has caused widespread flooding and devastation in Central America, leaving dozens dead and displacing thousands of people. The storm is expected to strengthen as it moves towards Cuba and the southern United States, posing a serious threat to vulnerable communities in its path.

Read more at Yahoo Finance: Nvidia opens up $1 trillion valuation gap over Apple