Introducing Surge - Intelligent Book and Execution Optimisation Platform

Stocks have recovered from yesterday’s slight wobble, with the consensus being that most countries will at least get to August 1st, and many other major nations are close to interim deals that will keep temporary tariffs on the lower end beyond this date.

Stocks have cooled slightly this morning as “re-liberation” day looms for the tariff pause, with Trump increasing tensions by saying the U.S. will start issuing tariff letters as soon as today.

Trade tensions and the July 9th deadline for negotiations continue to add uncertainty to the markets. Indices were down overnight following yesterday's NFP-fueled rally. The strong NFP numbers are likely to rule out a July rate cut.