📆 Morning Market Update | 12.06.2025 🇺🇸 Tariff Watch: Treasury Sec. Bessent told Congress that Trump is “very likely” to delay the July 8 tariffs. Countries negotiating in good faith may get deadline extensions — talks are ongoing with 18 nations. Only the UK has reached a preliminary deal so far. 🤝📉 ⚖️ Trump is expected to announce new unilateral tariffs in the next two weeks, with no details yet. Markets are watching closely. 📦🌍 🇯🇵 Japan: Q2 business confidence tumbled — large firms index fell to -1.9, services to -0.5 — first negative reading in over a year. Pressure is mounting on BoJ ahead of its June 16–17 meeting. 📉📊 🇦🇺 Australia: Consumer inflation expectations surged to 5.0% in June (from 4.1%) — highest since July 2023. 🔥 Could we see a more hawkish RBA? 💬📈 🛢️ Geopolitics: Reports say Israel may strike Iranian military targets. The U.S. urged its citizens to consider leaving the region. Meanwhile, nuclear talks are still on for Sunday. Tension + diplomacy = uncertainty. ⚠️☢️ 🏦 ECB: Central banks kept buying gold at record levels in 2024. 💰 The euro remains the 🌍 second most used currency with ~19% of international transactions. 🇨🇳🇫🇷 China–EU: VP Han Zheng met Macron, pledging deeper China–EU cooperation and support for sustainable development. Beijing aims to counterbalance U.S. influence. 🌐🤝 🪙 Crypto Law: The U.S. Senate advanced the GENIUS Act stablecoin bill (68–30 vote). It could pass next week. All stablecoins would be backed by U.S. Treasuries — a move backed by the Trump admin to reinforce the dollar. 🏛️💵