— The U.S. and Eurozone agreed on a framework for a trade deal, which would include 15% U.S. tariffs on imports and better terms for U.S. auto and energy exports to the Eurozone; meanwhile, U.S. trade talks with China are likely to be extended.
— The S&P 500 hit new highs as earnings growth forecasts for 2026 climbed to +13.9% and global trade uncertainty fell.
— In June, 14.9% of U.S. home purchase agreements were cancelled, the highest level since 2017, as house sales fell 2.2% for the month amid record high prices.
— China’s profits on industrial production dropped by 1.8% in the first half of 2025 (vs. same period in 2024), indicating persistent deflation and concern about trade uncertainty.
— Google is partnering with Italian company Energy Dome to deploy the latter’s CO2 batteries for storing clean energy on a global scale.
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