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European car sales slump in June as automakers' woes deepen
By Alessandro Parodi July 24 (Reuters) - New car sales in Europe fell more than 5% in June, the European Automobile Manufacturers Association (ACEA) said on Thursday, in a reflection of the global challenges faced by automakers.Tesla TSLA.O lost market share for a sixth consecutive month despite ...Reuters
Thu, Jul 24
European Central Bank set to keep interest rates unchanged amid US-EU trade uncertainty
The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at each of its last seven meetings. The decision will be announced on Thursday at 12:15 GMT.
Fxstreet
Thu, Jul 24
Trade deal optimism sinks Japanese bonds as safe-haven assets lose appeal
By Kevin Buckland TOKYO, July 24 (Reuters) - Japanese government bonds fell on Thursday, pushing the benchmark yield back to its highest level since 2008, as market optimism that U.S. trade deals with Europe and China were close dented demand for safe-haven debt.More clarity over the economic out...Reuters
Thu, Jul 24
Japan's Akazawa: There is no difference in understanding on trade deal with US
Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the trade deal between Japan and the United States (US) is in line with the country's interests. Akazawa added that he had no discussion with US officials about how to implement the deal yetFxstreet
Thu, Jul 24
UK auto production to drop 15% in 2025, recovery expected in 2026, SMMT data shows
July 24 (Reuters) - Britain's new vehicle production is expected to decline by 15% in 2025, weighed down by global trade disruption; however, a reversal is expected the next year, industry data showed on Thursday.While global automakers continue to feel the impact of U.S. President Donald Trump&...Reuters
Thu, Jul 24
CORRECTED-European car sales slump in June as automakers' woes deepen
By Alessandro Parodi July 24 (Reuters) - New car sales in Europe fell more than 5% in June, the European Automobile Manufacturers Association (ACEA) said on Thursday, in a reflection of the global challenges faced by automakers.Tesla TSLA.O lost market share for a sixth consecutive month despite ...Reuters
Thu, Jul 24
China’s President Xi: Current challenges facing EU do not come from China
Chinese President Xi Jinping said on Thursday that the current challenges facing the European Union (EU) do not come from China, adding that he hopes that the bloc will keep trade and investment markets open, according to Xinhua.Fxstreet
Thu, Jul 24
WRAPUP 1-Bright spots emerge in corporate earnings as tariff uncertainty lingers
Alphabet, SK Hynix, Infosys offer upbeat guidanceRosy forecasts come against backdrop of tariff uncertaintyGovernments scramble for tariff deals ahead of August 1 deadline July 24 (Reuters) - Some of the world's top tech firms, including U.S. search giant Alphabet, South Korean chipmaker SK H...Reuters
Thu, Jul 24
Turkey cenbank to restart cutting cycle with 250 bps move in July
By Ece Toksabay ANKARA, July 17 (Reuters) - Turkey's central bank is expected to kick off a renewed easing cycle with a 250 basis-point rate cut to 43.50% next week, as disinflation continues and market turmoil has largely faded, a Reuters poll showed on Wednesday. All but one of the 17 ec...Reuters
Thu, Jul 24
Australia's central bank says Fed independence is important
SYDNEY, July 24 (Reuters) - The head of Australia's central bank said on Thursday the U.S. Federal Reserve was acting properly to preserve its independence in challenging times by focusing on the economy.Answering questions after a speech on policy, Reserve Bank of Australia Governor Michele Bul...Reuters
Thu, Jul 24
RBA's Bullock: Monthly job numbers pop up and down
Reserve Bank of Australia Governor Michele Bullock said on Thursday that the US Federal Reserve (Fed) is preserving its independence in challenging times. Bullock added that monthly job numbers pop up and down, and the board would have made the same rate decision.Fxstreet
Thu, Jul 24
