The stock markets mostly retreated as Trump extended his trade war. File | Photo Credit: Reuters
The global stock market mostly retreated on Friday (July 11, 2025) as US President Donald Trump extended his trade war, threatening a high blanket tariff and 35% levy in Canada.
Shri Trump reduced optimism by firing more than 20 letters to the governments who underlined new tolls when they did not reach agreements till 1 August.
Meanwhile, Bitcoin pushed with his climb, reaching one all -time high above $ 118,000.
Both dollars and oil prices were obtained.
“The week’s optimism in the week … a week’s approach to the weekend’s approach,” said the main market analyst of CMC Markets.
In Europe, Paris and Frankfurt Stock Markets fell nearly 1%in each.
Investors were waiting for Trump’s new tariff level news that targeted the European Union with a letter expected by the end of the week.
Even after London’s FTSE 100 and pounds also retreated, the UK economy shrunk unexpectedly in May – its second consecutive monthly decline.
After a mixed session in Asia, where Hong Kong Rose, Tokyo fell and Shanghai was closer.
Mr. Trump on Thursday dialed the rhetoric of his trade war, warned that Canada suffered 35% tax, while other countries would be handed over blanket tariffs ranging from 10 percent to 20 percent.
This came when he underlined the plan to impose 50 percent tariff on copper imports, while threatening 200 percent levy on pharmaceuticals, and hit Brazil with a new 50 percent charge.
The move is the latest in a campaign by the White House that states that the United States has “burst” for the purpose of ending decades.
Shri Trump’s initial bombing announcement on April 2 sent the markets to the upheaval until he stopped him for three months and the latest measures had a less impact.
All three main indices on Wall Street rose on Thursday (July 10, 2025), S&P 500 and Nasdaq killed fresh peaks, achieved an all -time high in FTSE 100 hours later in London.
Shares in BP jumped about 2% in London on Friday, said the energy giant was expected to report high oil and gas production for its second quarter. But FTSE was 100 in total of 100 afternoon.
Major data on about 1040 GMT
• London – FTSE 100: 8,923.68 points below 0.6%
• Paris – CAC 40: 1.0% at 7,825.22
• Frankfurt – Dax: 1.1% at 24,193.54
• Tokyo – 0.2% (off) at Nikkei 225: 39,569.68
• Hong Kong – Hang Seng Index: 0.5% (off) at 24,139.57
• Shanghai – Composite: Flat (off) at 3,510.18
• New York – Dow: 0.4% (off) at 44,650.64
• Euro/Dollar: Below $ 1.1698 to $ 1.1692 on Thursday
• Pound/Dollar: Below $ 1.3576 to $ 1.3540
• Dollar/Yen: 146.19 Yen to 146.80 Yen
• Euro/Pound: 86.16 Pence to 86.36 Pence
• Brent North Sea Crude: 0.6% at $ 69.06 per barrel
• West Texas Intermediate: 0.7% at $ 67.04 per barrel
Published – July 11, 2025 05:00 pm IST
