July 4, 2025
United States:
US Stock Futures Drop on Latest Trump Tariff Salvo
US stock futures retreated Friday after the latest threat on tariffs from the Trump administration took the shine off a record rally for the S&P 500.
Contracts for the US benchmark fell 0.6% after the gauge ended the trading week at a fresh all-time high, with payrolls data affirming the economy’s resilience.
Europe:
German Factory Orders Slump as US Trade Talks Enter Home Stretch
German factory orders dropped for the first time in four months as businesses at home were wary of committing to large investments before uncertainty over trade with the US is resolved.
Demand fell 1.4% from the previous month in May, the statistics office said Friday.
Asia:
Japan’s Households Boost Spending by Most Since Summer 2022
Japan’s household spending rose the most since the summer of 2022 in a sign that consumer may be getting used to persistent inflation and could support for an economy that’s taking a hit from US tariffs.
Outlays by households adjusted for inflation gained 4.7% from a year ago in May, largely due to more spending on cars, the Ministry of Internal Affairs and Communications reported Friday.
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