News
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China smartphone market reverses to decline in Q2 after six quarters of growth
By Che Pan and Casey HallBEIJING, July 15 (Reuters) - China's smartphone market contracted in the second quarter after six straight quarters of growth, with shipments declining at four of the top five brands due to weaker consumer demand, IDC data showed on Tuesday.Apple, ranked fifth in China’...Reuters
Tue, Jul 15
Robust Aluminum production in China – Commerzbank
According to data from the statistics office, Aluminum production in China, the most important producer country, declined slightly in June compared to the previous month, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Tue, Jul 15
USD/CNH: Likely to trade sideways between 7.1630 and 7.1780 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1630 and 7.1780 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jul 15
Germany's Merz: US should not underestimate EU willingness to respond on tariffs
BERLIN, July 15 (Reuters) - The United States should not underestimate the EU's willingness to respond to an announcement that the U.S. would impose tariffs of 30% on EU imports, German Chancellor Friedrich Merz warned on Tuesday.The goal is to find a quick solution to the tariff dispute and the...Reuters
Tue, Jul 15
German investor morale rises more than expected in July, ZEW finds
ZEW economic sentiment index at 52.7 pts in July vs 47.5 in JuneZEW says government spending package helped boost confidenceEconomists warn optimism could vanish if EU doesn't reach trade deal with USBy Maria Martinez BERLIN, July 15 (Reuters) - German investor morale rose more than expected ...Reuters
Tue, Jul 15
USD: What's new with tariffs – Commerzbank
Monday was relatively quiet in terms of news surrounding US tariff policy, at least when compared to last week. The new deadline has been set, and now it's time to get back to the negotiating table. However, it should be clear that the next two weeks will not be easy.Fxstreet
Tue, Jul 15
Euro zone government bond yields drop before US inflation data
By Stefano Rebaudo July 15 (Reuters) - Euro zone government bond yields dropped on Tuesday, partly reversing recent gains, as investors await U.S. inflation data later in the session which could provide clues about the Federal Reserve's interest rate policy path.The U.S. figures will show how...Reuters
Tue, Jul 15
CNY: Strengths and weaknesses – Commerzbank
At first glance, the Chinese figures once again look impressive. GDP grew by 5.2% in the second quarter compared with the previous year, and industrial production even rose by 6.8% in June – significantly faster than most analysts had expected, Commerzbank's FX analyst Volkmar Baur notes.
Fxstreet
Tue, Jul 15
Singapore c.bank warns of slower growth in second half of 2025
MAS expects slower growth due to global economic uncertaintiesTrade, tariffs, slowing global demand weighing on GDPSingapore managed assets exceed S$6 trillion for first time in 2024By Xinghui Kok, Jun Yuan Yong SINGAPORE, July 15 (Reuters) - Singapore's economic growth is likely to slow in...Reuters
Tue, Jul 15
Fed's inflation fears may start to be realized with June CPI data
Fed chief Powell cited summer data as key in rates debateSome heavily imported categories showing price impactsJune CPI report due to be released at 8:30 a.m. EDT (1230 GMT)By Howard Schneider WASHINGTON, July 15 (Reuters) - The U.S. is expected on Tuesday to report that rising costs for impo...Reuters
Tue, Jul 15
Global EV sales jump 24% in June though North American market struggles, research firm says
July 15 (Reuters) - Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday.Reuters
Tue, Jul 15
China’s 2025 H1 GDP Growth Beats Target — But Weak Domestic Demand Could Push CPI Into Deflation in 2025
TradingKey - Driven by proactive macroeconomic policies, China’s Q2 GDP grew 5.2% year-over-year, slightly below Q1’s 5.4% but still above market expectations of 5.1%. For the first half of 2025, GDP expanded 5.3%, reaching a total value of ¥66.05 trillion. Despite Trump’s tariff war and globalTradingKey
Tue, Jul 15
GBP/USD: Weakness is not ruled out – UOB Group
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); any declines are unlikely to reach the major support at 1.3375. In the longer run, the outlook for GBP remains negative; a move to 1.3375 is now expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Jul 15
Canada's CPI is set to remain below target in June despite inflation uncertainty from US tariffs
Statistics Canada will issue the Consumer Price Index (CPI) for June on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) fresh information on how inflation is changing, which they use to set interest rates.
Fxstreet
Tue, Jul 15
China vows sustainable urbanisation after decades of breakneck growth
China pledges new approach to urbanisation in major meetingChina's last urban planning meeting was in 2015Plans unlikely to help property market in near term, analysts sayBy Ryan Woo, Liangping Gao and Ellen Zhang BEIJING, July 15 (Reuters) - China promised to build liveable, sustainable and ...Reuters
Tue, Jul 15
