News
Important Only
Japan’s AI company Quantum to acquire 3,000 BTC amid US-Japan trade deal, rising treasury yield
Quantum Solutions, a publicly listed AI company on the Tokyo Stock Exchange, announced its aim to acquire 3,000 Bitcoin (BTC) amid Japan’s recent trade deal with the United States (US) and the rising Bond yields in the country.
Fxstreet
Thu, Jul 24
Morning News Call - Canada, July 24
To access a PDF version of this newsletter, please click here You can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-page ECONOMIC EVENTS0830 R...Reuters
Thu, Jul 24
USD/CNH: 7.1295 is probably out of reach for now – UOB Group
Risk for US Dollar (USD) remains on the downside against Chinese Yuan (CNH); the significant support level at 7.1295 is probably out of reach for now. In the longer run, USD view is negative; it could drop to 7.1295, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 24
Russia says rising tariffs threaten US and global economy
MOSCOW, July 24 (Reuters) - Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world.Zakharova was commenting on U.S. trade policy under President Donald Trump, who has aggressively raised t...Reuters
Thu, Jul 24
Malaysia targeting lowest possible tariff rate in US talks, trade minister says
KUALA LUMPUR, July 24 (Reuters) - Malaysia is aiming for the lowest possible tariff on goods exported to the United States, its trade minister said on Thursday, denying reports that it is targeting a rate of 20%. Malaysia is facing a 25% tariff on its goods unless it can reach a deal with Washingto...Reuters
Thu, Jul 24
UK Preliminary Services PMI unexpectedly drops to 51.2 in July vs. 53 expected
Junko Koeda recently argued for the need to monitor second-round effects from rising rice costs. Another board member, Hajime Takata, said this month the BOJ must resume rate hikes after a temporary pause as Japan was on the cusp of achieving the bank's 2% target.
Fxstreet
Thu, Jul 24
EUR/JPY holds losses near 172.00, moves little following Eurozone PMI data
EUR/JPY loses ground after halting its five-day winning streak, trading around 172.20 during the European hours on Thursday. The currency cross remains subdued despite the release of improved HCOB Purchasing Managers’ Index (PMI) data from Eurozone.
Fxstreet
Thu, Jul 24
CHF: No letter yet, but threat of tariffs on pharmaceutical products – Commerzbank
Amidst all the discussions about potential trade deals with the US (see yesterday's article on Japan and today's article on the EU), one important point has been overlooked. Switzerland has not yet received a letter threatening tariffs from 1 August.
Fxstreet
Thu, Jul 24
EU talks with the US pick up speed – Commerzbank
Following the announcement of the deal with Japan, it seems that negotiations with the EU are also gathering momentum. Yesterday, the US Treasury Secretary stated that the Japan deal was not a blueprint for the EU, as the latter had not yet presented any such 'innovative' ideas.Fxstreet
Thu, Jul 24
Euro zone business activity growth hits 11-month high in July, PMI shows
LONDON, July 24 (Reuters) - Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs of recovery, a survey showed on Thursday. HCOB's preliminary composite ...Reuters
Thu, Jul 24
Angola expects oil-backed China loans to drop to $7.5 bln to $8 bln by year-end
By Miguel Gomes LUANDA, July 24 (Reuters) - Angola's oil-backed loans owed to China will drop to around $7.5 billion to $8.0 billion by the end of the year, the director of the country's debt management office said, as the government moves to reduce its reliance on resource-backed financi...Reuters
Thu, Jul 24
