Top 10 International News Today - July 10, 2025। Global Market & Political Updates
1. Gold Edges Higher as Dollar Softens Amid Trade Tensions
Gold prices inched up to $3316.77per ounce on Wednesday as the US dollar and Treasury yields softened, offering some breathing room to inventors amis rising global uncertainty. Markets are watching closely at the US government moves forward with Trump era tariffs, particularly those affecting metals like copper and goods from Brazil. Analysts say gold may continue to climb if inflation concerns or geopolitical tensions persist.
Source :Reuters
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2. Tramp's 50% Copper Tariff Could Backfire
Economic experts are warning that President Trump’s proposed 50% tariff on imported copper could backfire, rising domestic costs without stimulating significant production. The US currency produces only 50% of its copper demand and restarting idle smelters is both expensive and time consuming. Some manufacturers are concerned about supply chain disruptions and higher production costs as early as August.
Source :Reuters
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3. China Seeks Better Treatment in EU Market Access Talks
Ahead of a major summit between China and the European Union, Beijing has called for "less accusation and more cooperation" in ongoing negotiations. The EU has repeatedly criticised China over state subsidies, overproduction and alleged support for Russia during the Ukraine war. China insists its actions align with international trade norms and says it hopes for mutual understanding.
Source :Reuters
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4. Oil Prices Dip as Tariffs Cloud Global Demand outlook
Global oil prices slipped with Brent crude falling to $70.16 per barrel as markets reacted to the possibility of reduced economic growth due to new US tariffs. Analysts say the tariffs may cool demand in major economics and undermine shipping routes, especially amid ongoing tensions in the Middle East and Asia. Oil investors remain cautious.
Source :Reuters
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5. Dollar Stabilises ;Brazilian Real Slides, Bitcoin Nears $111k
The US dollar remained steady on Wednesday, supported by strong demand for Treasury bonds. Meanwhile, Brazil's real dropped nearly 2.8% after facing the threat of new US tariffs. Interestingly Bitcoin neared an all time high at $111k, signaling growing investor interest in decentralised assets amid traditional market volatility.
Source :Reuters
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6. Nvidia Reaches $4 Trillion Market Cap as Markets Stabilise
US chipmaker Nvidia reached a historic milestone, becoming the first company to hit a $4 trillion valuation. This helped offset investor anxiety around the US tariffs. Global marketd remained calm, with s&p 500 and Nasdaq holding their ground, suggesting confidence in tech driven economic resilience.
Source :Reuters
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7. UK's FTSE 100 Hits Record ; Cybercrime Crackdown Launched
The FTSE 100 surged to a record 8973 points, driven by strong performances in mining and pharmaceutical sectors. Meanwhile, UK authorities arrested four teenagers linked to a major cyber attack campaign that disrupted several retail websites. The crackdown highlights growing concerns about youth cyber crime in Europe.
Source :The Guardian
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8. Russian Drone Attack Kills 2 in Kyiv Dozens Injured
Ukraine's capital, Kyiv was hit by a massive overnight drone and missile strike. Two people were killed and 19 wounded, despite air defences intercepting nearly 400 drones and 18 missiles. Authorities say Russia's attacks are becoming more frequent and difficult to counter, especially with defence systems under strain.
Source :Reuters
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9. Asian Shares Gain Despite Copper Tariff Worries
Asian markets rose slightly on Wednesday, bolstered by Nvidia's global momentum and optimum that trade tensions will not immediately slow economic activity. While fears remain over copper tariffs 'long term effects, investors appeared cautiously optimistic, with many betting on tech led recovery.
Source : Reuters
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10. European Shares Rally on US-EU Trade Deal Optimism
European indices, including FTSE and DAX, climbed as investors welcomed signs of progress in US - EU trade negotiations. Hopes for a resolution on auto tariffs and digital taxes have fueled gains across the continent. Analysts say a deal could avert major supply chain disruptions and stability markets in the coming months.
Source :Reuters
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SUMMARY
Trump’s copper tariffs ripple through markets, while gold and crypto rise. Russia escalates attacks on Kyiv but global shares rally on trade hopes and Nvidia's $4T milestone.
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