Macro Morning

By Chris Becker 

A reduction in US tariffs and timeline was behind a rebound on Wall Street and the USD overnight with concerns over the growing trade war with China overshadowing a stronger than expected CPI print for July. The German ZEW Survey slumped but was ignored by European equities as the Euro fell on USD strength following the CPI print, with commodity prices leaping across the board as oil gained over 4% and gold and base metals rose.

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