UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S. housing starts expanded to the highest level in nearly 8 years to 1.21 million annualized units with positive revisions in June. This is on top of last week's strong retail sales as well as employment numbers.
The strength in these fundamentals bolsters the U.S. dollar which is about the last thing that emerging markets, in particular China, need right now. Overnight, China's Shenzhen A-shares collapsed by nearly 7 percent, its devaluation is the recognition that China has a serious growth problem.
"China growth problems are crushing commodities, which adds to the pressure on emerging currencies from Asia to Latin America and alas, even the U.S. energy sector is not immune", says Voya Global.
