Episode 763
All eyes on US CPI data!
🇬🇧 Stay ahead of the markets with Swissquote · Insights, strategies, and innovations for smarter trading
August 12, 202510m 31s
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Show Notes
Trump extended the tariff truce with China – which was set to expire today – by 90 more days, announced that gold will finally not be tariffed, and confirmed that Nvidia and AMD will pay the US government a 15% cut of their Chinese sales. He also said that his upcoming talk with the Russian President Putin will hardly lead to a sustainable truce if Ukraine doesn’t cede territory.
As a result, Chinese chipmaker SMIC is better bid today, gold and crude oil rebound, while equities futures are timidly in the positive ahead of the all-important US CPI release due later today.
Listen to find out more!