Market Information Thursday 7 August 2025

The United States has raised tariffs on Indian imports to 50 percent, citing India’s continued purchases of Russian oil. President Trump stated the additional 25 percent tariffs will take effect in 21 days, targeting what he called indirect support for Russia’s war effort. India condemned the move as unfair and emphasized its energy needs for 1.4 billion citizens.

Central European currencies are set to benefit from a weaker US dollar over the next six months, with the Czech crown and Polish zloty expected to hold steady, according to a Reuters poll. The Hungarian forint is forecast to fall 1.7 percent to 405.00 per euro by year-end, while Romania’s leu is seen slipping 0.9 percent to 5.12. Hawkish monetary policies have supported recent strength, but softening inflation and fiscal concerns may weigh on some currencies.

Donald Trump announced a 100 percent tariff on imported semiconductors and chips, exempting companies that build in the United States. The move aims to push more manufacturing onshore, though details on qualifying exemptions remain unclear. Over 130 U.S. chip projects totaling 600 billion dollars have been announced since 2020, including major investments from Apple, TSMC, Nvidia and others.

The 6M Euribor is unchanged at 2.08% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.63% 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.