📬 Daily Newsletter – July 14, 2025
📅 Newsletter for July 14, 2025
🗞️ Financial Summary
Record Bitcoin: Bitcoin has surpassed $120,000 for the first time, driven by expectations of favorable legislation in the U.S. during "Crypto Week." The cryptocurrency has risen 30% this year.
Declining Japanese Bonds: Long-term bonds in Japan continue to fall, with 30-year yields near a historic high of 3.185%, amid concerns over government spending after the July 20 elections.
New U.S. Defense Policy: President Donald Trump has announced that the U.S. will send more Patriot air defense batteries to Ukraine, marking a shift in its arms shipment policy.
EU Tariffs Under Threat: The European Union is considering increasing its commitment to Canada and Japan in response to Trump's threats of imposing 30% tariffs on the EU and Mexico.
Rising Chinese Exports: China's exports reached a record high in the first half of the year, showing resilience amid the trade war, offsetting declines in the U.S. market.
Earnings Expectations in the U.S.: The second-quarter earnings season in the U.S. is expected to be the weakest since mid-2023, with a profit growth forecast of 2.5% for S&P 500 companies.
Impact of the Trade War: Although tariffs could affect supply chains, their impacts are not yet evident in profits, with a recent positive momentum in earnings revisions.
Investment in AI in Technology: Major tech companies benefiting from AI are expected to report a 14% increase in profits in the second quarter.
Concerns in Europe: In Europe, earnings estimates have been revised down due to concerns about the impact of Trump's trade war, affecting margins.
Benefit for U.S. Exporters: A weaker dollar favors U.S. exporters, with companies like Meta and Microsoft anticipating hundreds of millions in benefits from currency changes.
Movements in Cryptocurrency Stocks: Cryptocurrency-related stocks are rising in pre-market trading, with significant gains in Riot Platforms, MARA Holdings, and Bit Digital, among others.
Boeing and GE Unscathed: Boeing's stock rises after the investigation into the Air India accident found no evidence for actions against Boeing aircraft or GE engines.
Tesla and xAI: Tesla sees a slight increase as Elon Musk suggests shareholders vote on the investment in xAI, while dismissing a merger between the two.
Synopsys Acquisition Approved: Synopsys rises after receiving approval from China to acquire Ansys for $35 billion, a significant achievement for the company.
Possible Dismissal of Powell: The dismissal of Jerome Powell could destabilize the global monetary system, according to Deutsche Bank, although the likelihood of his removal remains low.