Record closes have been observed in equity markets across the S&P 500 and Nasdaq, but important events lie ahead this week for investors.
Key Events of the Week
This week's packed agenda features several key events, including the BRICS summit on Monday and Amazon's extended four-day Prime Day starting Tuesday. Additionally, the release of the Fed’s June meeting minutes is scheduled for Wednesday.
Tariffs and Federal Reserve Policy
President Donald Trump is expected to finalize a new round of 'reciprocal' tariffs ahead of the July 9 deadline, which could significantly impact the market. Consumer credit data will also be released on Tuesday, acting as a recession risk signal.
European and Digital Asset Market Overview
European markets remained cautious ahead of potential trade shocks from new tariffs, while the S&P 500 and Nasdaq reached record highs. The digital assets market has seen slight growth, maintaining a cap above $3.36 trillion.
This week, while markets continue to rise, investors are closely monitoring upcoming economic events and political decisions that could impact market conditions.
