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Japan - Imports (YoY)
2025 Jun:0.2 % (Previous:-7.7 %)
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Japan - Exports (YoY)
2025 Jun:-0.5 % (Previous:-1.7 %)
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💵 Crypto Regulated. Treasuries Elevated.

Washington isn't killing crypto—it's co-opting it.

The GENIUS Act (backed by Trump) requires all stablecoins to be fully backed by USD/Treasuries—turning them into $1T+ demand engines for US debt.

🧠 The US is weaponizing crypto infrastructure to extend dollar dominance.

🔗 Full report: https://t.ly/3GRWR
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US - Continuing Jobless Claims
2025-07-05:1,956,000 (Previous:1,954,000 )
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US - Initial Jobless Claims
2025-07-12:221,000 (Previous:228,000 )
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US - Retail Sales (YoY)
2025 Jun:3.92 % (Previous:3.29 %)
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Global Market 2025/07/17
⚠️Market Alerts
China - Iron Ore Futures
797.5 (highest since 2025-03-03)

Bitcoin/USD
120517.87 (highest since 2010-07-17)

Taiwan - TSEC Weighted Index
23113.28 (highest since 2025-02-27)

Taiwan - TAIEX Index - Electronics
1303.07 (highest since 2025-02-24)

China - Shanghai Shenzhen CSI 300 Index
4034.49 (highest since 2024-11-15)

US - S&P 500
6297.36 (highest since 1927-12-30)

US - NASDAQ Composite
20885.65 (highest since 1971-02-05)

US - PHLX Semiconductor Sector Index [SOX]
5737.64 (highest since 2024-07-17)
Japan - CPI (YoY)
2025 Jun:3.3 % (Previous:3.5 %)
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Japan - Core CPI (YoY)
2025 Jun:3.3 % (Previous:3.7 %)
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🤖 TSMC just crushed Q2—📈 $30B in rev (+39% YoY), 60% AI mix, margins up despite FX headwinds. ASML also beat, but shares slid 10% on 2026 guidance jitters.

Why the disconnect? Taiwan demand is surging, but US & China remain split.

🧠 Full WEFC lands Monday.
📎 https://t.ly/LFGXm
US - Building Permits
2025 Jun:1,397.0 Thousands (Previous:1,394.0 Thousands)
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US - Housing Starts
2025 Jun:1,321 K (Previous:1,263 K)
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US - Michigan Consumer Sentiment
2025 Jul:61.8 Index (Previous:60.7 Index)
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Global Market 2025/07/18
⚠️Market Alerts
China - Iron Ore Futures
800.0 (highest since 2025-02-28)

Taiwan - TSEC Weighted Index
23383.13 (highest since 2025-02-27)

Taiwan - TAIEX Index - Electronics
1324.79 (highest since 2025-01-08)

China - Shanghai Shenzhen CSI 300 Index
4058.55 (highest since 2024-11-14)

Hong Kong - Hang Seng Index
24825.66 (highest since 2022-02-14)

US - NASDAQ Composite
20895.66 (highest since 1971-02-05)
Dr. Ed Yardeni: Trump’s escalating trade war (30% EU/Mexico, 50% copper) could hit profits, but the economy stays strong.

4.1% unemployment
S&P 500 earnings at record highs
$600B tariff revenue possible

Markets may be banking on TACO, but Liberation Day II is just weeks away.

🔗 Full update here: https://en.macromicro.me/blog/yardeni-research-trump-s-reign-of-tariffs-ain-t-over
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