📊 Morning Market Update | 1 August 2025 🌍 🔥 A big day for global markets! 🇺🇸 The US has announced reciprocal tariffs on most major economies. While Canada is exempt, the tariffs will come into effect in 7 days, raising tensions in global trade. 📅 Being the first day of the month, markets are bracing for a wave of important macro releases, with labour data from the US, PMIs, and inflation figures from the Eurozone all due today. 🕒 All times below are in BST (British Summer Time). 📈 The figures are market forecasts and may differ from actual results. Macro Highlights Today: 🇵🇱 Poland: Manufacturing PMI – 45.8 🇪🇸 Spain: Manufacturing PMI – 51.5 🇫🇷 France: Manufacturing PMI – 48.4 🇩🇪 Germany: Manufacturing PMI – 49.2 🇪🇺 Eurozone: Manufacturing PMI – 49.8 🇬🇧 UK: Manufacturing PMI – 48.2 🇪🇺 Eurozone: CPI (YoY) – 1.9%, Core CPI – 2.2% 🇺🇸 USA (13:30): • Nonfarm Payrolls – 110K • Unemployment Rate – 4.2% • Wages – 3.8% YoY, 0.3% MoM 🇺🇸 USA (15:00): • ISM Manufacturing – 49.5 • Consumer Confidence – 61.9 💼 Also Today: 🛢️ ExxonMobil and Chevron release earnings before the US session opens. 🚨 High-impact data + tariff tension = a volatile day ahead! Stay sharp. 🚀 Follow @NordFX for timely insights and market reactions.