Global markets are riding a wave of optimism today, as stabilizing trade dynamics bolster sentiment. Gold edges up on hopeful central bank signals, Cardano rallies on ETF news, emerging markets attract strong inflows, and the UK economy outperforms forecasts amid shifting global pressures.
UK Economy Defies Expectations with 0.3% Q2 Growth
Britain’s GDP grew by 0.3% in Q2, well above the 0.1% forecast, despite slowing from a 0.7% pace in Q1. Growth was driven by services and construction, while manufacturing output lagged. June saw a 0.4% bounce that helped offset earlier contraction, offering a welcome albeit cautious reprieve as inflation and trade tensions linger.
Cardano Surges on ETF Filing and Network Upgrade
Cardano (ADA) soared over 17%, approaching the $1 milestone after Grayscale filed to register a Cardano spot ETF trust in Delaware. The rally was further fueled by $71 million in funding for network upgrades, signaling growing institutional confidence in ADA’s long-term potential.
Emerging Markets See Inflows Surge
Emerging-market portfolios attracted their second-largest monthly inflow in four years, highlighting growing investor appetite for higher-yield assets. The wave of capital underscores shifting allocations toward EM assets despite global uncertainties.
Gold Gains on Fed Rate-Cut Hopes and Geopolitical Watch
Gold rose approximately 0.2–0.4%, buoyed by speculation of upcoming Fed rate cuts and anticipation around U.S.-Russia talks. Softer U.S. inflation data, dovish signals from Treasury Secretary Bessent, and technical resistance levels near $3,400 paved the way for continued gains.
U.S. Eyes New Strategic Resources Collaboration with Pakistan
The U.S. announced plans to explore economic partnerships with Pakistan in critical minerals and hydrocarbons, strengthening bilateral ties. This move aims to diversify U.S. supply chains and enhance energy collaboration, particularly as geopolitical blocs evolve.
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