📊 Morning Market Update | 09.07.2025 🌅 🇺🇸 Wall Street Wrap: The US session ended flat: 📉 S&P 500 dipped 0.07% 📈 Nasdaq added 0.03% 🔻 Futures for both are down 0.11% this morning. 🌏 Asia Mixed on Tariff Worries: 🇯🇵 JAP225 fell 0.4% 🇨🇳 CHN.cash down 0.66% 🔼 CH50cash up 0.8%+ — Shanghai & Shenzhen giants hold the line. 📜 Trump’s Trade Moves: ✉️ Plans to send trade terms to 🇪🇺 EU in coming days. 🤝 EU insiders expect a 10% tariff deal this week. 🌾 Trump also pushing for a 17% tariff on agricultural goods. 🌍 Today he’s unveiling trade terms for 7 countries. 💰 Tariff Revenue Booms: 📈 Bessent: 2025 tariff revenue could top $300B. 📆 In May alone, collections were 4x higher vs. last year. 🔧 Copper Shock: 🛑 50% US tariff announced, starts in 30 days. ⚡ COMEX copper jumped 12%! 🤷‍♂️ LME stayed quiet (end of session). 🌎 Top exporters hit hardest: 🇨🇱 Chile, 🇵🇪 Peru, 🇲🇽 Mexico. 💱 Forex & Metals: 💶 EUR/USD steady above 1.1700 🥇 Gold sliding again — now under $3,300/oz 📈 But ETF gold demand is soaring: +400 tonnes H1 — biggest gain in 5 years. Total now near 3,600t. (Record: 3,900t in Oct 2020) 🏦 Central Bank Watch: 🇳🇿 RBNZ kept rates at 3.25% (as expected) 🇨🇳 China inflation +0.1% y/y — first positive reading since March 🇦🇺 RBA held rates steady; market eyes a cut in August 📈 S&P 500 Forecast: 🏦 Goldman Sachs hikes target from 6100 → 6600 💼 Reasons? Strong earnings, Fed cuts, tariffs = low inflation 🤔 Next Fed Chair? 🗞 WSJ: Trump may nominate Kevin Hassett 🎯 Known ally, seen as least independent pick 🧠 Others floated: Bessent, Lutnick, Waller, Bowman