Financial Markets: Tariff Uncertainty Compounded by Trump/Powell Clash
Uncertainty continues to dominate financial markets, further exacerbated—if possible—by Trump’s attack on FED Chairman J. Powell. All eyes are on U.S. retail sales data and the performance of the labor market in the UK (particularly significant after yesterday’s inflation data). Tech stocks are under the spotlight with earnings reports from TMC and Netflix. Equities remain uncertain, bond yields are still on the rise, and there are attempts at a dollar recovery.
In our intermarket dashboards, the situation remains broadly stable. However, we are closely monitoring the bond sector, which has seen rising yields in recent weeks. The medium-term uptrend remains intact, but closes below the 50-day moving average could be a signal not to ignore.
On the macro front, the day features key data on U.S. retail sales and export figures from both Japan and the U.S. Also of interest are UK labor market data and the July update of the Philly Fed index.
As for earnings, today the spotlight is on the microchip sector with results from TSM.
Our forecasting models point to an uncertain day for equities, with few positive catalysts. Bond yields continue to climb, while in the currency space, there are positive signals for the U.S. dollar. Volatility is expected to remain stable or slightly increase.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 17 July 2025 - 7:19 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
