Long-end yields are up, and equity futures are in negative territory as tariff concerns once again weigh on investor sentiment. President Trump stated that he would levy an additional 10% tariff on countries that aligned themselves with “the Anti-American policies of BRICS”. This announcement came as the 90-day tariff pause is set to expire on Wednesday. Oil prices fluctuated after OPEC+ announced a larger-than-expected production hike. WTI currently sits at $67.05 (+0.07%) a barrel, and Brent at $68.76 (+.67%) a barrel. The economic calendar is light this week, with no data scheduled for release today and only a handful of data points expected for the remainder of the week.
Hafizan Hamzah Senior Director, Investment Management Group
Date Event Surv(M) Actual Prior 7/08/2025 NFIB Small Business Optimism 98.7 — 98.8 7/08/2025 NY Fed 1-Yr Inflation Expectations — — 3.20% 7/08/2025 Consumer Credit $10.500b — $17.873b 7/09/2025 MBA Mortgage Applications — — 2.70% 7/09/2025 Wholesale Trade Sales MoM 0.20% — 0.10% 7/09/2025 Wholesale Inventories MoM -0.30% — -0.30% 7/09/2025 FOMC Meeting Minutes — — — 7/10/2025 Initial Jobless Claims — — 233k 7/10/2025 Initial Claims 4-Wk Moving Avg — — 241.50k 7/10/2025 Continuing Claims — — 1964k 7/11/2025 Federal Budget Balance -$40.0b — -$316.0b
Hafizan Hamzah Senior Director, Investment Management Group
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