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US wholesale inventories revised lower in July
WASHINGTON, Sept 10 (Reuters) - U.S. wholesale inventories increased a bit less than initially thought in July, suggesting businesses were not rushing to rebuild inventory after stocks were depleted in the second quarter.Stocks at wholesalers edged up 0.1%, instead of rising 0.2% as estimated last m...Reuters
Wed, Sep 10
German cabinet agrees draft law to boost startups
Young companies drive investment, growth and jobs, minister saysTax framework for venture capital and IPOs to be revisedCabinet also passes commuter allowance, VAT cut for restaurants By Maria Martinez and Christian Kraemer BERLIN, Sept 10 (Reuters) - Germany's cabinet on Wednesday agreed a d...Reuters
Wed, Sep 10
Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-monthTradingKey
Wed, Sep 10
CORRECTED-Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
Wed, Sep 10
US producer prices slip in August on cheaper services
WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August, pulled down by a decline in the costs of services. The Producer Price Index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said o...Reuters
Wed, Sep 10
US 30-year mortgage rate slides to 11-month low, MBA data shows
MBA reports 30-year mortgage rate at 6.49%, lowest since last OctoberMortgage applications rise 9.2%, highest in over three yearsFed expected to cut rates following weakening job market dataSept 10 (Reuters) - The interest rate on the most popular U.S. home loan dropped by the most in six months las...Reuters
Wed, Sep 10
USD/CNH: Likely to trade in a range between 7.1160 and 7.133 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1160 and 7.1330. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Sep 10
RPT-JPMorgan CEO Jamie Dimon warns of a cloudy US economic outlook
Dimon warns tariffs and geopolitics impact not fully knownInterest rate cuts seen as immaterial to economyDimon expects more banking consolidation, rules out overseas bank purchaseBy Nupur Anand NEW YORK, Sept 9 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon is cautious about the U.S. economic ...Reuters
Wed, Sep 10
USD/CNH heavy near 7.12, eyes 7.10 support – BBH
The Chinese Yuan (CNH) is testing key support as mixed August inflation data highlights China’s struggle with deflation. Analysts see scope for gradual currency appreciation to boost household spending and support growth, BBH FX analysts report.
Fxstreet
Wed, Sep 10
Greek EU-harmonised inflation eases to 3.1% y/y in August
Sept 10 (Reuters) - Greece's annual EU-harmonised inflation slowed to 3.1% in August from 3.7% in July, data showed on Wednesday.Month-on-month consumer inflation fell 0.6%The cost of food and non-alcoholic beverages rose 2.6% year-on-year in August, with prices of clothing and footwear up by 7....Reuters
Wed, Sep 10
