Real Vision: Finance & Investing US GDP Surprise, European Divergence, and Pro-Crypto SEC Shift: PALvatar Market Recap, July 30 2025
Jul 30, 2025
Discover how the U.S. economy surprised everyone with a 3% GDP surge, while imports plummeted and inflation remains steady. Europe's economy tells a different story, with France recovering and Germany facing contraction. Trade tensions heat up with new tariffs on India. On the crypto side, there's exciting news as the SEC approves in-kind redemptions for bitcoin and ether ETFs, signaling a pivotal moment for the market. Stay tuned for insights into upcoming Fed decisions and big tech earnings!
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US Economy Surges Despite Inflation
- The US economy grew 3% annualised in Q2, driven by consumer spending and a 30.3% drop in imports.
- Core PCE inflation rose 2.5%, slightly above the Federal Reserve's target, signaling sticky inflation.
European Economic Divergence
- France's economy grew 0.3% in Q2 with stronger household consumption, defying forecasts.
- Germany, however, contracted 0.1%, reflecting ongoing economic fragility.
Renewed Global Trade Tensions
- The US will impose a 25% tariff on Indian imports starting August 1, escalating trade tensions.
- Meanwhile, US-China trade talks ended without breakthroughs, though tariff pauses may be extended.