The Day Ahead

Global markets closed lower as technology shares corrected and traders awaited key U.S. labor data. Meanwhile, geopolitical tensions rose over potential U.S. tariffs on digital taxes and energy supply shifts in the Middle East.

Key Takeaways

• 1.Wall Street ended lower, led by a decline in semiconductor stocks as investors questioned the ROI of high AI-related capital expenditure.
• 2.President Trump threatened a 100% tariff on goods from any country implementing a digital services tax on American companies.
• 3.US Labor Department to release critical nonfarm payrolls and unemployment data for June this coming Thursday.

Table of Contents

• Market Recap
• Coming Up - On Monday
• Coming Up - Week Ahead
• Key Economic Events
• Market Monitor
• Top News
• Insight and Analysis
• Canada
• Wealth News
• On the Radar

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial