In today's news:

• Global Markets Jittery as US Tariff Threats Escalate

  • US considering additional tariffs targeting Asian electronics and EU automotives.

  • Bond yields fluctuate amid renewed uncertainty.

• UK Labour Government Plans Major Tax Reforms

  • Wealth tax proposals and changes to capital gains tax under review.

  • Markets and high earners brace for potential financial shifts.

• China Signals Tech Sector Crackdown is Over

  • Beijing shifts tone to support tech innovation.

  • Chinese tech stocks rise sharply in response.

• Oil Prices Dip Despite Middle East Tensions

  • Traders focus on sluggish global demand outlook.

  • Strategic reserves remain high in the US and China.

• Bank of Japan Maintains Ultra-Loose Policy

  • Despite rising inflation, BOJ keeps interest rates unchanged.

  • Yen under pressure as carry trade remains attractive.

• US Retail Data Falls Short of Expectations

  • Consumer spending slows amid inflation and credit tightening.

  • Analysts warn of potential Q3 GDP softness.