FT News Briefing Wall Street digests bitter economic data
59 snips
Aug 4, 2025 Investors are reacting to unsettling U.S. economic data, fearing a slowdown that could impact luxury brands. Germany's largest sports retailer is weighing the benefits of moving production to China amid evolving tariffs. Meanwhile, tensions rise as President Trump targets Brazil's judiciary with tariffs, igniting political intrigue. Additionally, luxury brands face challenges as consumer spending dips, particularly due to decreased tourist activity in Europe and Japan.
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Market Reacts to Slowing Jobs Growth
- New economic data show slowing jobs growth and warming inflation in the U.S. economy.
- This challenges previous positive market sentiments and causes a downturn in stocks and bonds.
Investor Nervousness Amid Policy Uncertainty
- Investors have mixed feelings: markets are up and economy looks firm, but trade policies cause nervousness.
- Unpredictable policies and tariffs create uncertainty, tempering investor confidence.
Tariff Clarity Arrives Late for Economy
- Tariff rates are stabilizing around an average of 15%, better than feared months ago.
- Economic data now show the effects of prior tariff uncertainties with a lag.
