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Patrick Industries Q2 sales rise 3%, beat estimates
OverviewPatrick Industries Q2 sales rise 3% to $1.05 bln, beating analyst estimatesAdjusted EPS for Q2 beats expectations at $1.50, reflecting operational strengthCo returns $36.5 mln to shareholders via repurchases and dividendsOutlookPatrick Industries expects lower wholesale shipments in H2 2025C...Reuters
Thu, Jul 31
Germany annual CPI inflation holds steady at 2% in July vs. 1.9% expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2% in July, Destatis' flash estimate showed on Thursday. This reading came in above the market expectation of 1.9%.Fxstreet
Thu, Jul 31
German inflation falls further to 1.8% in July
BERLIN, July 31 (Reuters) - German inflation fell slightly more than expected to 1.8% year on year in July, preliminary data from the federal statistics office showed on Thursday.Analysts polled by Reuters had forecast EU-harmonised inflation decreasing slightly to 1.9% from 2.0% the previous month.Reuters
Thu, Jul 31
US Treasury chief says he expects Fed chair announcement by year's end
WASHINGTON, July 31 (Reuters) - U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that he is pulling together a list of potential candidates to lead the U.S. Federal Reserve and that he expects an announcement by the end of the year.Reuters
Thu, Jul 31
Brazil's public sector gross debt up 76.6% of GDP in June
BRASILIA, July 31 (Reuters) - Brazil's public sector gross debt rose to 76.6% of gross domestic product (GDP) in June from 76.1% the month before, central bank data showed on Thursday.The public sector recorded a primary deficit of 47.091 billion reais ($8.44 billion) for the month, while econo...Reuters
Thu, Jul 31
WRAPUP 4-Lufthansa, Air France-KLM defy trade war worries with Q2 growth
Lufthansa Q2 op profit 871 million euros vs forecast 805 millionAir France-KLM Q2 op profit 736 million euros, as expectedTransatlantic business holds up despite economic worriesBy Joanna Plucinska, Rajesh Kumar Singh and Jesus Calero LONDON/CHICAGO/GDANSK, July 31 (Reuters) - European airlines ...Reuters
Thu, Jul 31
USD/CNH: Likely to consolidate between 7.1920 and 7.2150 – UOB Group
Instead of continuing to rally, US Dollar (USD) is more likely to consolidate between 7.1920 and 7.2150 against Chinese Yuan (CNH). In the longer run, sharp rally appears excessive, but there is a chance for USD to rise further to 7.2250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 31
Markets price out ECB rate cut this year, German 2-year yield hits three-month high
LONDON, July 31 (Reuters) - Money markets pared back bets on European Central Bank rate cuts on Thursday and now expect no more ECB easing this year, pushing Germany's rate sensitive two-year yield to a three-month high. Markets now see just a 44% chance of a 25 basis point ECB rate cut ...Reuters
Thu, Jul 31
Air Products adjusts earnings outlook amid weak helium demand, LNG sale impact
July 31 (Reuters) - Air Products APD.N forecast lower-than-expected fourth-quarter profit on Thursday and narrowed its full-year earnings expectation as weak helium demand, project exits and the impact of a prior LNG business sale continued to weigh on volumes.U.S. manufacturing remained sluggish in...Reuters
Thu, Jul 31
