Overview

• Treasury Secretary Scott Bessent warned that without a trade agreement in the coming days, US tariffs of up to 50% will take effect on August 1.
• President Trump confirmed duties of 25% on Japan, South Korea, Kazakhstan and Malaysia, 30% on South Africa and 40% on Laos and Myanmar, with formal notification letters still pending.
• European markets closed modestly higher while Wall Street ended lower as investors weighed tariff risks and awaited further trade developments.
• Capgemini agreed to acquire business process firm WNS for $3.3 billion at $76.50 per share, reflecting corporate repositioning under potential duties.
• Tikehau Capital raised over €1 billion for infrastructure group Egis to support its global expansion during volatile markets.