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2025-08-01 18:40:39
[Amazon's earnings report was disappointing, dashing hopes for a Fed rate cut?] ⑴ Global markets were shrouded in a gloomy cloud this Friday. ⑵ Amazon's share price plummeted 7% overnight after its poor earnings report. Previously, although Apple exceeded expectations, pharmaceutical stocks fell across the board due to Trump's tariff rhetoric. ⑶ In addition, Trump's new tariff policy arrived as expected, imposing high tariffs on countries such as Canada, Brazil, and Switzerland, causing unrest in global markets. ⑷ Trump's move also sparked concerns among European automakers, and Fitch Ratings has lowered its profit forecasts as a result. ⑸ Against this backdrop, expectations of a Fed rate cut weakened, and the US dollar index rose to a two-month high. ⑹ The market is currently awaiting the July jobs report, which is expected to slow job growth to 110,000 and the unemployment rate to 4.2%. ⑺ If the jobs data is strong, hopes for a Fed rate cut in September may be completely dashed, further dampening market sentiment.
