Friday

• U.S. jobless claims fell to 229,000, while GDP growth reached 3.3% in Q2 2025, exceeding forecasts due to consumer spending and AI investments.
• European markets declined as French inflation dropped to 0.9% and German inflation increased to 2.1%. China’s stock market recorded its largest monthly gain since September 2024.

Thursday

• US GDP growth was revised upward to 3.3% for Q2 2025, while initial jobless claims fell to 229,000.
• US stocks fluctuated Thursday as Wall Street weighed signs of economic resilience and scrutinized Nvidia’s earnings for clues on whether the tech-driven rally can continue.
• The tech-heavy Nasdaq Composite rose more than 0.1%. The S&P 500 gave up earlier gains to slip just below flat after hitting a record high on Wednesday. The Dow Jones Industrial Average fell 0.2%.
• Separately, FED Governor Lisa Cook filed a lawsuit against President Trump on Thursday, arguing that his attempt to remove her unlawfully denied her the right to respond to allegations of mortgage fraud. The case could test the extent of presidential influence over US monetary policy.

Wednesday

• US markets remain flat as investors await Nvidia’s earnings report, with the tech giant’s performance expected to signal broader AI sector momentum. Trump’s challenge to Fed Governor Lisa Cook’s position has raised concerns about central bank independence.
• The implementation of 50% tariffs on Indian imports is affecting textile and jewelry sectors, while safe-haven assets strengthen. European markets show mixed results following political instability in France.
• Corporate earnings from MongoDB and Kohl’s have surpassed expectations, while oil prices hold steady at $63-64 per barrel. Markets are currently pricing a 90% probability of a Federal Reserve rate cut in September.

Tuesday

• President Trump’s dismissal of Federal Reserve Governor Lisa Cook triggered market turbulence and raised concerns about central bank independence, leading to widespread market selloffs.
• France’s CAC 40 fell over 2% amid political uncertainty over a confidence vote, while the Indian rupee weakened to 87.80 against the dollar ahead of new U.S. tariffs implementation.
• Oil markets saw Brent crude drop below $67 and WTI reach $64, while gold climbed to $3,420 as investors sought safe havens. Hong Kong’s Hang Seng declined over 1% due to renewed trade tensions.

Monday

• Federal Reserve Chair Jerome Powell signaled potential rate cuts at Jackson Hole, with Fed funds futures pricing an 84% chance of a September quarter-point reduction. Asian markets responded positively, with Japan’s Nikkei rising 0.41% and Hong Kong’s Hang Seng climbing 1.94%.
• The Trump administration is preparing to impose 50% duties on Indian imports starting August 27. IT stocks showed strength across markets as expectations of lower rates could stimulate technology spending.
• Oil markets moved upward with Brent crude gaining 0.7% to approximately $68 per barrel, while the dollar index increased 0.24% to 97.74.