The Federal Reserve indicated potential rate cuts in Q3 after June's CPI showed inflation at 2.3%, nearing the 2% target. S&P 500 futures rose 1.2% in pre-market trading, while the dollar index fell 0.8% against major currencies.
Global Business Brief
Release time:
2025-07-08 09:14
Source:
July 8, 2025 Global Business Brief
MARKET MOVERS
Fed Signals Rate Cut as Inflation Cools to 2.3%
TECHNOLOGY
EU Approves Landmark AI Act Implementation
The European Parliament ratified the final phase of its AI Regulation Framework, establishing risk tiers for artificial intelligence systems. Major tech firms will need compliance plans by January 2026.
ENERGY
BP-Exxon Consortium Discovers Major Lithium Deposit in Nevada
Preliminary estimates suggest the newly discovered basin could contain 18 million metric tons of lithium carbonate equivalent, potentially reshaping North America's battery supply chain.
FINANCE
SWIFT Launches CBDC Interoperability Pilot with 12 Central Banks
The global payments network will test cross-border transactions using digital currencies from participating nations including Japan, Switzerland, and Singapore over 6 months.
GEOPOLITICS
ASEAN Nations Adopt Common Digital Trade Standards
Ten Southeast Asian countries agreed on unified digital trade documentation to reduce cross-border e-commerce friction, expected to boost regional trade by $38B annually.
Key Indicators
DOW JONES 39,428.15 +0.67%
BRENT CRUDE $84.72 -1.2%
BITCOIN $64,318 +3.4%
USD INDEX 104.83 -0.6%
Executive Brief: Supply Chain Watch
Maersk reports 12-day average delays at Singapore port due to Red Sea reroutings. Automotive manufacturers should anticipate 2-3 week parts shipment delays through Q3. Alternative air freight capacity is available at 30% premium.
Next Page
Related News
©2024 Copyright Ante Core Internet Intelligent Technology (Shenzhen) Co., Ltd. All rights reserved.