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Berlin sees need for further negotiations on EU-US trade deal
BERLIN, July 28 (Reuters) - The German government sees the need for further negotiations on the European Union's trade deal with the United States, a spokesperson said on Monday. "It is certainly no secret that in the steel and aluminium sector ... we see a need for further negotiations,"...Reuters
Mon, Jul 28
Bank of Canada expected to hold interest rates steady for the third time
Bank announces decision at 9:45 a.m. ET (1345 GMT) on WednesdaySticky inflation, robust job market bolster case to keep rates steadyTariff uncertainty still high but lower than three months agoEconomists look for BoC to resume giving formal forecasts for growthReuters poll shows two rate cuts later ...Reuters
Mon, Jul 28
Fed expected to keep rates unchanged as it sifts through mixed economic data
Two Fed governors may dissent on policy decisionFed likely to leave policy rate in 4.25%-4.50% range despite Trump's pressureRecent data showed strong consumer spending, weakness in housing and constructionBy Ann Saphir July 28 (Reuters) - The U.S. central bank, to President Donald Trump'...Reuters
Mon, Jul 28
US drilling activity slows further – ING
Oil prices are trading firmer this morning after the US and EU announced a trade deal, which will see most EU exports to the US facing a 15% tariff. The market worried that if talks had failed, 30% tariffs would come into effect on 1 August. That likely would’ve prompted retaliation from the EU.Fxstreet
Mon, Jul 28
ECB's Kazimir says big unexpected economic shift needed for September rate cut
FRANKFURT, July 28 (Reuters) - The European Central Bank is not in any hurry to lower borrowing costs again and it would take a major unexpected economic shift to make a case for action in September, Slovak policymaker Peter Kazimir said on Monday.The ECB kept rates unchanged last week as widely exp...Reuters
Mon, Jul 28
ANALYSIS-Out-gunned Europe accepts least-worst US trade deal
Deal falls far short of EU ambitionsPressure grew from business to clinch dealCalls emerge for EU to diversify trade quicklyBy Mark John LONDON, July 27 (Reuters) - In the end, Europe found it lacked the leverage to pull Donald Trump's America into a trade pact on its terms and so has signed ...Reuters
Mon, Jul 28
Tariff deal a setback for global healthcare provision, says German pharma association
FRANKFURT, July 28 (Reuters) - The EU's trade deal with the United States represents a setback for global healthcare provision and Europe as an innovation hub from the perspective of research-based pharmaceutical companies, Germany's vfa association said on Monday. "This deal breaks with...Reuters
Mon, Jul 28
South Korea finance minister to meet U.S. Treasury secretary on Thursday, ministry says
SEOUL, July 28 (Reuters) - South Korea's Finance Minister Koo Yun-cheol is scheduled to meet with U.S. Treasury Secretary Scott Bessent on Thursday, the finance ministry said in a statement on Monday. The ministry said Koo is set to depart for Washington on Tuesday to fully devote efforts to tra...Reuters
Mon, Jul 28
Unclear what chemicals exempt from US tariffs, says German lobby VCI
FRANKFURT, July 28 (Reuters) - German chemicals association VCI said on Monday it was unclear what chemicals would be exempt from the EU's trade deal with the United States. "We have taken note of the exemption for 'certain chemicals.' However, we don't yet know exactly which one...Reuters
Mon, Jul 28
Euro area yields drop after US-EU trade deal, Fed, BoJ, data in focus
By Stefano Rebaudo July 28 (Reuters) - Euro area government bond yields dropped on Monday after a trade agreement between the U.S. and the European Union introduced a 15% U.S. import tariff on most EU goods, broadly in line with economists' forecasts.Expectations of a tariff deal and a hawkis...Reuters
Mon, Jul 28
Germany's VDA auto association says EU-US trade deal still stings
BERLIN, July 28 (Reuters) - Germany's auto association expressed relief that a further trade escalation between the European Union and United States was averted with a 15% tariff deal but made clear that the industry would still be hard hit. "The U.S. tariff rate of 15%, including for automo...Reuters
Mon, Jul 28
EUR/GBP extends upside to near 0.8750 on EU-US trade deal
The EUR/GBP cross gathers strength to around 0.8740 during the early European trading hours on Monday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as the European Union (EU) agrees to the United States (US) trade deal ahead of the deadline.Fxstreet
Mon, Jul 28
French Foreign Affairs Minister says US-EU trade deal will bring temporary stability
French Foreign Minister Jean-Noël Barrot said on Monday that a trade deal between the United States (US) and the European Union (EU) will bring temporary stability, adding that it is still an unbalanced deal.Fxstreet
Mon, Jul 28
US casts aside restrictions on technology exports to China in search of a deal — FT
It is reported that the United States (US) has frozen export controls on key technology to China in hopes of keeping smoother trade relations, according to source cited by the Financial Times reported on Monday.Fxstreet
Mon, Jul 28
US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting
By David Lawder STOCKHOLM, July 28 (Reuters) - Top U.S. and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months and keep...Reuters
Mon, Jul 28
