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BoE's Bailey warns G20 that global risks have "crystallised"
Bank of England (BoE) Governor Andrew Bailey warned finance ministers of the G20 group of countries that despite overall sturdy global market conditions, downside economic and political risks have likewise hardened recently.Fxstreet
Mon, Jul 14
What to Watch in the Day Ahead - Tuesday, July 15
The earnings season kicks off with major banks expected to report stronger profits, driven by buoyant trading and a modest rebound in investment banking. JPMorgan Chase is expected to post higher second-quarter profit, as elevated market volatility boosts its trading division.On the U.S. economic fr...Reuters
Mon, Jul 14
Trump tariffs would lift US factory jobs, cut overall income, San Francisco Fed says
July 14 (Reuters) - The Trump administration's tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Mond...Reuters
Mon, Jul 14
Trump says Federal Reserve should lower interest rates to less than 1%
WASHINGTON, July 14 (Reuters) - President Donald Trump on Monday renewed his attacks on Federal Reserve Chair Jerome Powell, saying interest rates should be at 1% or lower."We should be at 1%. We should be less than 1%," Trump said.Reuters
Mon, Jul 14
Trump promises trade deals are coming, last chance for peace for Russia
President Donald Trump delivered another litany of comments on a range of comments on Monday. According to President Trump, trade negotiations are progressing nicely, and the oft-touted trade deals that are just around the corner continue to be nearly ready to be announced.Fxstreet
Mon, Jul 14
Busiest US port says June imports rebound after China tariffs reduced
By Lisa BaertleinLOS ANGELES, July 14 (Reuters) - Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June, finishing up 10% versus a year ago and contributing to record total volume for the month, the port's executive director said on Monday.The Port of Los Angeles handled ...Reuters
Mon, Jul 14
Captive regime in focus as UK industry awaits Reeves’ Mansion House speech
Reeves to announce financial services growth strategy at Mansion House speechLondon insurance market anticipates captive insurance framework announcementIndustry leaders urge regulatory reform to enhance UK's global competitivenessBy Ryan HewlettJuly 14 - The Insurer) – British finance minister ...Reuters
Mon, Jul 14
TREASURIES-US long-dated yields hit multi-week peaks as market mulls Fed's Powell's fate
US yield curve steepens amid speculation on Fed's PowellBond market shrugs off tariff talkInvestors brace for CPI on TuesdayBy Gertrude Chavez-Dreyfuss NEW YORK, July 14 (Reuters) - U.S. long-dated Treasuries were under pressures on Monday in choppy trading, pushing their yields to multi-week...Reuters
Mon, Jul 14
Fed's Powell asks for inspector general review of project criticized by Trump officials
Powell requests IG review of costs of Fed building renovationTrump officials have criticized Fed's handling of projectUS president has demanded Powell resignBy Howard Schneider WASHINGTON, July 14 (Reuters) - Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector ...Reuters
Mon, Jul 14
Fed's Hammack sees no urgent reason to lower rates - Fox Business
Fed's Hammack doesn't see imminent need to cut ratesHammack says work on controlling inflation isn't doneHammack warns tariffs still working their way into economy By Michael S. Derby July 14 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees ...Reuters
Mon, Jul 14
US insurance composite slid 2.2% last week as markets fell following federal budget approval
By Carlos PallordetJuly 14 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co underperformed all major market indexes last week and is now up just 3.6% for the year to date, trailing the broader Wall Street benchmarks over the same period.The D...Reuters
Mon, Jul 14
Fed's Hammack sees no urgent reason to lower rates - Fox Business
By Michael S. DerbyJuly 14 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent need to lower interest rates right now. “We're pretty close to where the neutral rate is and so I see an economy that's resilient, I see one that's working ...Reuters
Mon, Jul 14
Swiss zero rate squeeze on banks may lead to bumpy ride for borrowers
Zero rates likely to squeeze Swiss bank lending marginsBanks expected to pass on cost to borrowersLast zero rate phase fuelled higher property pricesBy Oliver Hirt, John Revill, Ariane Luthi ZURICH, July 14 (Reuters) - Banks in Switzerland will be searching for other ways to squeeze borrowers as ...Reuters
Mon, Jul 14
Brazil economic activity posts unexpected drop in May
BRASILIA, July 14 (Reuters) - Brazil's economic activity unexpectedly fell in May, central bank data showed on Monday, dragged down by a sharp drop in the farm sector along with declines in tax revenue and industrial output.The IBC-Br index, a leading indicator of gross domestic product (GDP), f...Reuters
Mon, Jul 14
Swiss zero rate squeeze on banks may lead to bumpy ride for borrowers
Zero rates likely to squeeze Swiss bank lending marginsBanks expected to pass on cost to borrowersLast zero rate phase fuelled higher property pricesBy Oliver Hirt, John Revill, Ariane Luthi ZURICH, July 14 (Reuters) - Banks in Switzerland will be searching for other ways to squeeze borrowers as ...Reuters
Mon, Jul 14
USD/CNH: Any decline is unlikely to break below 7.1630 – UOB Group
US Dollar (USD) may edge lower against Chinese Yuan (CNH), but any decline is unlikely to break below 7.1630. 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
Mon, Jul 14
Tariff insecurity could wipe 1 bln eur off German exports to US monthly, says expert
BERLIN, July 14 (Reuters) - Continued insecurity due to U.S. tariff policy could reduce German exports to the world's largest economy by 1 billion euros ($1.17 billion) per month, an economic expert from the German Chamber of Commerce and Industry (DIHK) said on Monday."If the uncertainty re...Reuters
Mon, Jul 14
