Financial Markets Daily Report
11 juliol 2025
Investors traded in a mixed mood in a session in which Donald Trump threatened a 35% tariff on Canada (for goods outside USMCA) and floated the idea of a 15%-20% global baseline tariff rate (currently, 10%). Stocks advanced modestly in the U.S. but declined in Europe. Sovereign yields rose, and the EUR weakened and traded below $1.17 (touching 10-day lows).
In commodity markets, the barrel of Brent dropped below $70 as traders pondered whether an OPEC+ discussion to pause production increases from October could signal waning demand. On the other hand, copper rose 2.6% (+10% on the week) as Donald Trump made his tariff threat more concrete and said it would levy the 50% tariff on copper imports from August 1.
In Brazil, the Ibovespa stock market index lost -0.5% (-1.8% since Tuesday's close) while the BRL recovered some ground against the USD (+0.7% yesterday, -1.5% since Tuesday's close) as investors digested Donald Trump's threat to charge the country a 50% tariff.