Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
The EU and the US agreed on a four-month suspension on tariffs imposed on billions of dollars of imports to ease the burden on industry and workers and focus on conflict resolution.
The suspension will cover all US tariffs on $7.5 billion of EU imports and all EU duties on $4 billion of U.S. products, which resulted from subsidies for planemakers Boeing and Airbus.
The US tariffs cover EU planes and plane parts, Spanish olives, German coffee, wine and jam from France and Germany, liqueurs, cheese, pork, screwdrivers, and other tools from across the EU.
EU tariff targets include planes and parts, tractors, shovel-loaders, gym equipment, casino tables, tobacco, nuts, sweet potatoes, rum, and vodka.
The agreement, followed by a telephone call between U.S. President Joe Biden and European Commission President Ursula von der Leyen, also addresses trade distortive practices of China and other new entrants from non-market economies.
According to the White House, Biden had underscored his support for the EU and commitment to revitalizing the US-EU partnership.
Meanwhile, Von der Leyen described the accord as a very positive signal for economic cooperation in the years to come.
EU trade chief Valdis Dombrovskis said that the tariff removal is a win-win for both sides, especially with the pandemic hurting workers and economies.
The suspension will take effect upon the publication of official notices.
