News
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CORRECTED-Wells Fargo exit ban revives fears about doing business in China
Banking giant suspends China travel after employee exit banUS embassy urges Beijing to lift exit bans on citizensSome EU firms say employees put off by China safety risksBy Antoni Slodkowski, Casey Hall and Scott Murdoch BEIJING/SHANGHAI/SYDNEY, July 18 (Reuters) - Fears that employees of foreign...Reuters
Fri, Jul 18
IMF eyes revised global forecast, but warns trade tensions still cloud outlook
IMF to release updated outlook in late JulyFront-loading ahead of tariff increases boosting economiesOverall, IMF says downside risks dominateBy Andrea Shalal WASHINGTON, July 18 (Reuters) - The International Monetary Fund warned on Friday that risks related to trade tensions continue to cloud th...Reuters
Fri, Jul 18
WRAPUP 2-US single-family homebuilding hits 11-month low; building permits slump
Single-family housing starts drop 4.6% in JunePermits for future single-family homebuilding fall 3.7%Consumer sentiment improves in July; inflation expectations ease furtherBy Lucia Mutikani WASHINGTON, July 18 (Reuters) - U.S. single-family homebuilding dropped to an 11-month low in June as high...Reuters
Fri, Jul 18
Mexico's Sheinbaum says she agrees with central bank's rate cuts
MEXICO CITY, July 18 (Reuters) - Mexican President Claudia Sheinbaum said on Friday that she agreed with the Bank of Mexico's recent decisions to lower the country's benchmark interest rate, adding that further cuts would help attract investment. Banxico, as Mexico's central bank is kno...Reuters
Fri, Jul 18
GBP loses ground to EUR amid growth concerns – Rabobank
The Pound Sterling’s (GBP) struggle to keep pace with the Euro (EUR) this year reflects a shift in market optimism in favour of Germany and the Eurozone. Chancellor Reeves will no doubt be joining businesses in celebrating if the BoE do lower rates again in August.
TREASURIES-Prices rise as Fed's Waller bats for July rate cut, amid technical buying
Comments from Fed's Waller highlight private sector hiring slowdownUS 10-year, 30-year yields set for third straight weekly riseUS housing starts rise in JuneUS consumer inflation expectations dipBy Gertrude Chavez-Dreyfuss NEW YORK, July 18 (Reuters) - U.S. Treasuries rose on Friday, draggin...Reuters
Fri, Jul 18
Waller says he's willing to lead Fed if Trump asks, but no contact so far
Waller in favor of immediate rate cut due to economic slowdown concernsTrump has demanded huge reduction in rates, criticized Fed chief Powell's leadershipG20 finance leaders' communique emphasizes importance of central bank independenceBy Howard Schneider WASHINGTON, July 18 (Reuters) - ...Reuters
Fri, Jul 18
Fed can probably cut rates a fair bit over the next year: Goolsbee
July 18 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee is a "little wary" about signs in the June consumer price index that tariffs are pushing up goods inflation, but still believes the U.S. economy is in a good place and the Fed's policy rate can come down a "fa...Reuters
Fri, Jul 18
IMF Says In April Projected Global Outlook Of 2.8% In 2025 And 3.0% In 2026
July 18 (Reuters) - IMF: GLOBAL OUTLOOK: WEO PROJECTED GLOBAL GROWTH OF 2.8 PERCENT IN 2025 AND 3.0 PERCENT IN 2026IMF: GLOBAL HEADLINE INFLATION WAS PROJECTED TO DECLINE, BUT AT A SLOWER PACE, REACHING 4.3 PERCENT IN 2025 AND 3.6 PERCENT IN 2026IMF: ANALYSIS SUGGESTS THAT LOW-INCOME COUNTRIES COU...Reuters
Fri, Jul 18
US consumer sentiment improves in July
WASHINGTON, July 18 (Reuters) - U.S. consumer sentiment improved in July, and while inflation expectations continued to decline, households still saw substantial risk of price pressures increasing in the future.The University of Michigan's Surveys of Consumers on Friday said its Consumer Sentime...Reuters
Fri, Jul 18
US UoM Consumer Sentiment Index improves to 61.8 in July vs. 61.5 expected
Consumer confidence in the United States (US) improved in July, with the University of Michigan's (UoM) preliminary Consumer Sentiment Index rising to 61.8 from 60.7 in June. This reading came in better than the market expectation of 61.5.Fxstreet
Fri, Jul 18
Angola central bank keeps key rate steady
LUANDA, July 18 (Reuters) - Angola's central bank kept its key lending rate at 19.50% in a decision announced on Friday.The Bank of Angola has left the rate AOINTR=ECI unchanged for seven monetary policy meetings in a row, keeping policy tight as it tries to reduce inflation to single digits ove...Reuters
Fri, Jul 18
REFILE-TREASURIES-US yields fall less as June housing starts rise
NEW YORK, July 18 (Reuters) - U.S. Treasury yields modestly pared declines on Friday after data showed housing starts on the world's largest economy rose 4.6% in June, exceeding economists' forecasts.The benchmark 10-year yield was down 3.7 basis points (bps) at 4.426% US10YT=RR after the ho...Reuters
Fri, Jul 18
