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US crude, gasoline stockpiles fall, distillates build, EIA says
Crude, gasoline stocks drawdown about double analysts' forecast Distillate stockpiles build unexpectedlyGasoline demand rises but remains below summer driving season targetBy Liz Hampton and Stephanie Kelly July 23 (Reuters) - U.S. crude oil and gasoline inventories fell last week, buoyed by ...Reuters
Wed, Jul 23
US–EU close to tariff deal mirroring Japan pact – Financial Times
Following the US-Japan deal on Tuesday, Washington and Brussels appear close to an agreement that would impose 15% duties on European imports, as reported by a copy of the deal struck with the Asian country via the Financial Times (FT).Fxstreet
Wed, Jul 23
WRAPUP 1-US existing home sales hit nine-month low in June
Existing home sales fall 2.7% in JuneHousing supply increases 15.9% from year agoMedian house price rises 2% to record high of $435,300 from a year ago WASHINGTON, July 23 (Reuters) - U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty k...Reuters
Wed, Jul 23
Russia's Black Sea oil loadings suspended over ship access paperwork, sources say
MOSCOW, July 23 (Reuters) - Oil loadings at Russia's Black Sea major terminals of Novorissiisk and Yuzhnaya Ozereevka have been suspended over paperwork related to new regulations for tankers' access to ports, two industry sources told Reuters on Wednesday.One of the sources said he expected...Reuters
Wed, Jul 23
TREASURIES-Japan trade deal spurs risk-on move, pressuring US bonds
Investors sell bonds as Japan trade deal boosts stock marketsPolitical, fiscal risks in Japan weigh on US bond pricesTreasury 20-year auction on deck later on Wednesday By Davide Barbuscia NEW YORK, July 23 (Reuters) - U.S. Treasury prices declined on Wednesday after three consecutive days of gai...Reuters
Wed, Jul 23
US crude inventories fall by 3.2 million barrels, EIA reports
Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 455,000 barrels in the week, t...Reuters
Wed, Jul 23
Trump strikes tariff deal with Japan, auto stocks surge
Deal includes $550 bln Japanese investment packageTariffs on Japanese autos cut to 15% from 27.5%Other duties due on August 1 reduced to 15% Japanese stocks jump, led by automakersBy Trevor Hunnicutt and Mariko Katsumura WASHINGTON/TOKYO, July 23 (Reuters) - U.S. President Donald Trump struck a t...Reuters
Wed, Jul 23
US existing home sales fall more than expected in June
Existing home sales fall 2.7% in JuneMedian house price rises 2% to record high of $435,300 from year ago WASHINGTON, July 23 (Reuters) - U.S. existing home sales fell more than expected in June, suggesting the housing market slump could be deepening as higher mortgage rates and economic uncerta...Reuters
Wed, Jul 23
Kenya's debt costs to remain high due to local borrowing, Moody's says
NAIROBI, July 23 (Reuters) - Kenya's cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody's said on Wednesday, as the government leans on the domestic debt market to fund its budget shortfalls.The East African nation has one of the highest debt interest cos...Reuters
Wed, Jul 23
WRAPUP 1-Businesses deliver gloomy results even as markets celebrate Japan trade deal
Texas Instruments and SSAB report profit hit from US trade policyGovernments scramble for deals ahead of Aug. 1 deadlineJapan deal eases fears, but EU, Canada, Brazil still face tariff threats July 23 (Reuters) - Businesses making everything from chips to steel reported downbeat results on Wednes...Reuters
Wed, Jul 23
Trump administration not in a rush to replace Powell, Treasury chief Bessent says
WASHINGTON, July 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell. "We are getting the process underway. Obviously it's going to be President Trump's dec...Reuters
Wed, Jul 23
Chinese automakers gain ground in contracting European market, data shows
By Amir Orusov July 23 (Reuters) - Car registrations across Europe declined in June, with a 4.4% year-on-year drop to 1.25 million vehicles, data from Jato Dynamics showed on Wednesday.While overall demand softened, Chinese automakers continued to gain ground, taking a record market share and sq...Reuters
Wed, Jul 23
