Market Snapshot – Week ending July 11, 2025

Last week, capital markets showed resilience despite escalating global trade tensions. U.S. equities hovered near record highs, supported by strong performances in the energy and industrial sectors. However, momentum began to wane following the announcement of a wave of new tariffs targeting over 20 countries, including steep increases on imports from Canada, Brazil, Japan, and South Korea. The S&P 500 and Nasdaq posted slight weekly declines after a strong two- week rally, reflecting investor caution amid policy uncertainty. Bond yields were volatile, initially falling on expectations of future rate cuts but rising again by week’s end due to inflation concerns tied to tariffs. Meanwhile, copper and silver prices surged, with copper hitting a record high following a 50% tariff announcement. Bitcoin also rallied, surpassing $118,000 for the first time. Looking ahead, markets are bracing for the start of Q2 earnings season and key inflation data, which could further influence investor sentiment.

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