Trump Extends Tariff Deadline to August 1, Risk Assets Rebound

After a turbulent day, Trump announces another tariff deadline delay from July 9th to August 1st, easing market tensions. The session saw a mix of gains and losses across asset classes, with participants awaiting further headlines and economic data. The standout performer was , boosted by news of 50% tariffs on US imports, closing up nearly 10% at $5.89. Other metals and cryptocurrencies ended slightly higher, except for , which finished down 1%. Gold remains the weakest asset, while the USD gave back earlier gains after tariff news. In terms of economic data, the calendar is light aside from Chinese and the RBA Rate Decision. ECB speakers and the release may impact markets later in the day.

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