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TREASURIES-Prices dip after EU trade deal, ahead of auctions
EU deal reduces market certainty, positive for bondsMarkets brace for Treasury's refunding announcementTreasury to announce financing estimates for this quarterFocus on US two-year and five-year auctions By Gertrude Chavez-Dreyfuss NEW YORK, July 28 (Reuters) - U.S. Treasuries slipped on Mond...Reuters
Mon, Jul 28
German government to approve 2026 budget with record investment and borrowing surge, sources say
Germany plans record investment in 2026 budgetDefence spending to rise to 3.5% of GDP by 2029Investment offensive expected to revive its lethargic economyBy Maria Martinez BERLIN, July 28 (Reuters) - The German government will on Wednesday back a 2026 draft budget which includes record investment...Reuters
Mon, Jul 28
Brazil bank lending slows, default rate hits highest since 2018
BRASILIA, July 28 (Reuters) - Credit growth in Brazil slowed in June, central bank data showed on Monday, as high interest rates in Latin America's largest economy weighed on borrowing and pushed up default rates. Outstanding loans rose 0.5% from the previous month to 6.7 trillion reais...Reuters
Mon, Jul 28
ANALYSIS-US tariffs will be test of luxury brands' pricing power
Trade deal brings certainty but price increases a worryHigh-end brands counting on pricing powerSector slump continues with no sign of reboundBy Mimosa Spencer and Sami Marshak PARIS/NEW YORK, July 28 (Reuters) - Luxury goods companies were spared their worst case scenario in Sunday's EU-U.S...Reuters
Mon, Jul 28
PREVIEW-No Treasury auction size increases seen at US refunding
Treasury to maintain auction sizes amid fiscal deficit concernsFocus on T-bills due to robust demand Potential delay in lifting long-dated auction sizes until 2027Treasury may tweak debt buyback programBy Gertrude Chavez-Dreyfuss NEW YORK, July 28 (Reuters) - The U.S. Treasury is widely expected ...Reuters
Mon, Jul 28
USD/CNH: Likely to trade in a range of 7.1530/7.1730 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1530/7.1730 against Chinese Yuan (CNH). In the longer run, downward momentum is waning rapidly; a clear break above 7.1730 would indicate that 7.1295 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Jul 28
EU-US trade deal brings relief for German auto industry, says Mercedes
BERLIN, July 28 (Reuters) - Mercedes-Benz MBGn.DE on Monday welcomed an agreed reduction in U.S. import tariffs, calling this a relief for the German auto industry in a statement to Reuters.The automaker, however, urged continued dialogue between the European Union and the United States to further l...Reuters
Mon, Jul 28
Volkswagen welcomes 'planning security' of EU-US tariff deal
BERLIN, July 28 (Reuters) - German auto giant Volkswagen VOWG.DE welcomes the European Union's trade deal with the United States and is awaiting further details on the agreement soon, the company said on Monday."We welcome the agreement between the EU and the U.S. in the tariff dispute and t...Reuters
Mon, Jul 28
India's industrial output rises 1.5% in June
NEW DELHI, July 28 (Reuters) - India's industrial output INIP=ECI grew 1.5% year-on-year in June, government data showed on Monday.Economists polled by Reuters projected a growth of 2%. Industrial output grew at a revised 1.9% year-on-year in May.Reuters
Mon, Jul 28
