Market Information Monday 7 July 2025

Scott Bessent, economic adviser to Trump, warned that US tariffs will return to Trump’s high April levels if countries don’t strike trade deals soon. Only the UK, China, and Vietnam have reached agreements so far, leaving others, like the EU and Japan, at risk. The Trump administration plans to send warnings and impose tariffs as early as August 1 if talks stall.

The EU will store critical materials like rare earths and cable repair kits to prepare for threats such as cyberattacks, climate change, and conflict. Member states are urged to coordinate essential supplies and work with NATO and the private sector. The plan is part of a broader effort to boost EU security and resilience.

OPEC+ surprised markets by boosting oil production, aiming to lower fuel prices and support lower summer demand, in line with Trump’s push for cheaper energy. While Saudi Arabia remains confident, analysts warn this could lead to an oversupply and falling prices by year-end. The move helps consumers but may hurt producers, including US shale and Saudi Arabia itself, which needs high prices to fund its budget.

The 6M Euribor is unchanged at 2.03% compared to previous business day. The 10Y Swap is unchanged at 2.58% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.