Real Vision: Finance & Investing US Jobs Shock, New Trump Tariffs, and Eurozone Stability: PALvatar Market Recap, August 1 2025
Aug 1, 2025
July's job report was a shocker, with only 73,000 jobs added, raising fears about economic stability. New tariffs from Trump are causing global inflation concerns. Meanwhile, the Eurozone shows signs of resilience with stable inflation and improving manufacturing metrics. In contrast, China's manufacturing is struggling. The crypto market remains under pressure, even as major companies like Amazon and Apple report earnings that stir investor sentiment. Plus, the importance of protecting personal data in today's breach-prone world is highlighted.
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US Jobs Market Disappoints
- US job growth was a major disappointment in July, with only 73,000 jobs added and large downward revisions to prior months.
- This signals a slowing labor market that shocked Wall Street and lowered treasury yields and the dollar.
New Trump Tariffs Trigger Inflation Fears
- New tariffs announced by Donald Trump will take effect on August 7 and range up to 41%, notably affecting Canada and Switzerland.
- These tariffs raised fears of heightened inflation and economic slowdown worldwide.
Eurozone Inflation Stable Amid Manufacturing Shifts
- Eurozone inflation held stable at 2% in July, meeting the ECB's target and signaling inflation stability.
- Manufacturing activity in the Eurozone showed signs of stabilization but contraction continued in Chinese manufacturing.