---
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"
date: 2025-07-01
canonical: "https://www.share-talk.com/global-shares-dip-as-investors-digest-us-data-and-powell-comments/"
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"]
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"
---

# Global Shares Dip as Investors Digest US Data and Powell Comments

**Published:** July 1, 2025
**Author:** sharetalk
**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)

---

Global equities edged lower on Tuesday as investors assessed a wave of US economic data and remarks from Federal Reserve Chair **Jerome Powell**.

Speaking 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.

On 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.

The **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%**.

Economic 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**.

---

**Original URL:** https://www.share-talk.com/global-shares-dip-as-investors-digest-us-data-and-powell-comments/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*