{"id":124337,"title":"Global Shares Dip as Investors Digest US Data and Powell Comments","publisher":"Share Talk","author":"sharetalk","published":"2025-07-01T16:06:56+00:00","modified":"2025-07-01T16:11:35+00:00","canonical_url":"https://www.share-talk.com/global-shares-dip-as-investors-digest-us-data-and-powell-comments/","markdown_url":"https://www.share-talk.com/global-shares-dip-as-investors-digest-us-data-and-powell-comments.md","json_url":"https://www.share-talk.com/global-shares-dip-as-investors-digest-us-data-and-powell-comments.json","category":"Investment Reports","categories":["Investment Reports"],"tags":["Donald Trump","Dow Jones","Elon Musk","Fed","Federal Reserve","Jerome Powell","NASDAQ","Portugal","S&P 500","Sintra","US economic data"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/Wall-street.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"Global equities edged lower on Tuesday as investors assessed a wave of US economic data and remarks from Federal Reserve Chair **Jerome Powell**.\n\nSpeaking at a central banking forum in **Sintra, Portugal**, Powell declined to commit to a July rate cut, saying the decision would “depend on the data” and reaffirming a **meeting-by-meeting** approach. Market expectations for a cut in July **inched up to 21.2%** from **18.6%** the previous day, according to CME’s FedWatch Tool.\n\nOn Wall Street, the **Dow Jones Industrial Average** rose **0.9%**, while the **S&P 500** and **Nasdaq** pulled back from record highs, falling **0.3%** and **1%** respectively. The declines were led by **Tesla**, which slumped over **5%** after President **Donald Trump** threatened to end federal subsidies to **Elon Musk’s** companies.\n\nThe **MSCI World Index** slipped **0.3%**, reflecting cautious sentiment across global markets. However, UK indices bucked the trend, with the **FTSE 100** rising **0.3%** and the **FTSE 250** gaining **0.5%**.\n\nEconomic data added to the mixed picture. The **ISM manufacturing index** showed continued contraction in June, while the **JOLTS report** indicated job openings climbed to **7.8 million** in May. Yet a drop in hiring suggested **labour market momentum may be slowing**."}