{"id":11709,"date":"2025-08-05T12:32:56","date_gmt":"2025-08-05T12:32:56","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11709"},"modified":"2025-08-05T12:39:09","modified_gmt":"2025-08-05T12:39:09","slug":"sib-global-markets-weekly-market-brief-05-aug-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-05-aug-2025\/","title":{"rendered":"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 05 Aug 2025"},"content":{"rendered":"\n
SIB Global Markets Wrap 5 Aug 2025<\/a>Download<\/a><\/div>\n\n\n\n

Highlights<\/h4>\n\n\n\n

Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April. The week began on a positive note, with the U.S. and the EU reaching a framework deal on trade. The agreement includes a 15% tariff on most European exports to the U.S., half the rate initially mooted. The U.S. will keep a 50% tariff on steel and aluminium for the time being. However, on Thursday, President Trump signed an executive order to raise tariffs on the vast majority of U.S. trading partners, effective August 7. Further, the Federal Reserve as was widely expected, maintained its target policy rate at a range of 4.25% to 4.50%. The Fed Chair\u2019s remarks pointing to the central bank\u2019s willingness to wait for data to determine monetary policy decisions, shifted market sentiment and sent expectations for a September rate cut lower. Notably, two Fed governors dissented, preferring to immediately lower rates by a quarter point, and the central bank\u2019s post-meeting statement noted that \u201ceconomic activity moderated in the first half of the year,\u201d which some market participants viewed as dovish developments. July jobs data came in well below analysts\u2019 expectations and further downward revisions of the May and June readings by a total of 258,000 indicated that the labour market has cooled much more significantly than many had thought in recent months. Across the Atlantic, resilient eurozone data for GDP, inflation, and economic sentiment appeared to reduce pressure on the European Central Bank to lower interest rates again. Headline inflation held steady at 2.0% in July while the jobless rate in the euro area remained at a record low of 6.2% in June, unchanged from May\u2019s figure. In China, the S&P Global manufacturing purchasing managers\u2019 index (PMI) for China fell to 49.5 in July, below the 50 level that indicates a contraction, versus June\u2019s 50.4 reading. This data suggests that China\u2019s economy could see slower growth in the coming months amid still-weak domestic demand and global trade uncertainty. Front-loading by Chinese exporters ahead of expected U.S. tariff hikes, shipments to non-U.S. markets, and fiscal stimulus at home kept China\u2019s economy buoyant in the year\u2019s first half. But many economists expect that the momentum in the economy will slow as the impact of these tailwinds diminishes.<\/p>\n\n\n\n

Data Highlights<\/h5>\n\n\n\n

The year-on-year Inflation Rate reading in Australia came in at 2.1%, slightly below the 2.2% expected by analysts and lower than the previous reading of 2.4%. Eurozone GDP grew by 1.4%, higher than the forecast of 1.2%. The U.S. GDP grew by 3% from the previous quarter. The Bank of Canada, the Bank of Japan and the Federal Reserve all kept their policy rates unchanged, in line with market expectations. Retail Sales in Switzerland grew by a remarkable 3.8%, far outpacing the 0.2% pencilled in by analysts. Unemployment In the Euro Area held steady at 6.2% slightly lower than the anticipated 6.3%. Personal Consumption in the U.S. was also steady, growing by 2.6 from the previous year, above the expected 2.5% growth. Inflation in Europe held on to the 2% mark. The U.S. non-farm payrolls data came in at 73K, lower than the expected 110K jobs, while the unemployment rate ticked higher than the previous reading, coming in at 4.2%, in-line with forecasts.<\/p>\n\n\n\n

Week Ahead<\/h5>\n\n\n\n

Swiss Inflation Rate \u2013 Monday | New Zealand Unemployment Rate, Eurozone Retail Sales – Wednesday | China\u2019s Balance of Trade, Swiss Unemployment Rate, BoE Interest Rate Decision \u2013 Thursday | Canadian Unemployment Rate – Friday<\/p>\n\n\n\n

Read Full Report<\/h5>\n\n\n\n
SIB Global Markets Wrap 5 Aug 2025<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April. The week began on a positive note, with the U.S. and the EU reaching a framework deal on trade. The agreement…<\/p>\n","protected":false},"author":4,"featured_media":11164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[172,1],"tags":[122,198,156,118,116,148,140,139],"class_list":["post-11709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets-reports","category-weekly-reports","tag-commodities","tag-copper","tag-currencies","tag-fed","tag-sp-500","tag-tarrifs","tag-treasury-yields","tag-trump"],"yoast_head":"\nSIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 05 Aug 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-05-aug-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 05 Aug 2025\" \/>\n<meta property=\"og:description\" content=\"Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-05-aug-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-05T12:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T12:39:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Edward Kalaghe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 05 Aug 2025\" \/>\n<meta name=\"twitter:description\" content=\"Renewed tariff jitters, an uncertain trade policy path and weak economic data drove U.S. equities lower for the week, with some indices seeing their worst week since the tariff-driven sell-off in early April.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Kalaghe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-05-aug-2025\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-05-aug-2025\/\",\"name\":\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 05 Aug 2025 - 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