Global news you need to know before the U.S. stock market opens on Thursday

Wallstreetcn
2025.07.17 13:04

U.S. retail sales in June increased by 0.6% month-on-month, exceeding expectations and reversing the decline of the previous two months.
Potential Federal Reserve Chair candidate Waller: Trump's public pressure is correct; what we need the least is for the Federal Reserve to continue as usual.
Report: The EU is drafting a tariff list for U.S. services in preparation for an escalation of the trade war.
The EU's €2 trillion budget proposal faces resistance, with Germany explicitly rejecting it, intensifying disputes over budget allocation.
Demand for AI chips is strong, with TSMC's Q2 net profit surging 61% above expectations, and sales are expected to grow by about 30% this year.
TSMC's earnings call: Raises the full-year sales growth forecast for 2025 to around 30%, warns that Q3 may face greater exchange rate impacts.
U.S. tariffs hit profits, with Volvo reporting its first loss since its IPO in Q2.
The Nikkei 225 index closed up 0.6%; the Shanghai Composite Index closed up 0.37%; the Hang Seng Index closed down 0.08%

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