📊 Morning Market Update | 28 July 2025 🌍 🔥 The spotlight today is on the preliminary trade deal between 🇺🇸 the US and 🇪🇺 the EU. 🛃 The draft agreement outlines: – A permanent 15% cap on tariffs for EU goods in the US – 🇪🇺 EU to buy $750B in US energy, slashing reliance on Russia – An extra $600B of EU investment into the US economy – A 0%-for-0% tariff deal on ✈️ aircraft & parts, 💾 semiconductors, 🧪 chemicals, 💊 generics, 🌾 agri goods, 🪨 raw materials & more 🍷 Alcohol tariffs still under discussion 📉 In Asia: – 🇯🇵 Nikkei 225: -0.85% – 🇭🇰 Hang Seng: +0.48% – 🇨🇳 Shanghai: flat 🤝 Market sentiment improved on signs of new 🇺🇸–🇨🇳 trade talks in Stockholm. Hopes are high for a 90-day extension of the current tariff truce. 📉 Meanwhile, China’s industrial profits dropped another 4.3% YoY in June, after May’s 9.1% fall. 📈 Futures for EU indices & US S&P 500 point to +1% gains at the open, fuelled by the weekend trade deal. 🚀 Samsung sealed a $16.5B chip supply deal with Tesla, lifting shares +3.5%. 💵 The US dollar opened stronger: – 💶 EUR/USD down to 1.1740 – 💷 GBP, 🇦🇺 AUD, 🇳🇿 NZD weak vs USD – 💴 JPY and 🇨🇭 CHF steady; USD/JPY near 147.7 👀 This week’s focus: – 📆 Fed & Bank of Japan rate meetings – 🇦🇺 Australian inflation data (Wed) – 💼 Big earnings week with 37% of S&P500 firms reporting, incl. the Magnificent 7 🥇 Precious metals: calm start 🛢️ Energy: 🔺 natural gas +0.86%, WTI crude +0.75% 📢 Trade smart, stay ahead – follow NordFX for daily insights! 🚀📈