News
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China's June new yuan loans beat forecast after stimulus and trade truce
June new yuan loans 2.24 trln yuan vs May’s 620 bln yuanTSF growth quickest since February 2024Economist warns tailwind may fade over the rest of yearChina due to release Q2 GDP data on TuesdayBy Kevin Yao and Ellen Zhang BEIJING, July 14 (Reuters) - Chinese banks extended 2.24 trillion yuan ($31...Reuters
Mon, Jul 14
EXPLAINER-Why Trump's push for a 1% Fed policy rate could spell trouble for US economy
US president is pressuring Fed to sharply lower interest ratesFed policy rate of 1% is typically a sign of economic crisisCuts to that level could reignite inflation, raising government borrowing costsBy Howard Schneider WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump says the Federal...Reuters
Mon, Jul 14
USD: Trump and his tariffs – Commerzbank
Over the weekend, further letters from the US president arrived at various trading partners, including the EU. According to these letters, imports from the EU will be subject to a 30% tariff from August 1. This is a higher rate than originally announced on Liberation Day.
Fxstreet
Mon, Jul 14
USD: Russia news could be USD driver today – ING
News from the weekend that the US could impose 30% import tariffs on the EU and Mexico hasn't moved markets too much. Equity futures in the US and Germany have been marked down 0.4% and 0.6% respectively, while the dollar is marginally stronger.Fxstreet
Mon, Jul 14
UK labour market cooled rapidly in June, KPMG/REC survey shows
July 14 (Reuters) - Britain's labour market cooled sharply and the number of people available for work jumped at the fastest pace since the COVID-19 pandemic, according to data that is likely to back up the Bank of England's plan to stay on its interest rate-cutting path. The Recruitment ...Reuters
Mon, Jul 14
China's new bank loans rise in June, above forecasts
BEIJING, July 14 (Reuters) - Chinese banks extended 2.24 trillion yuan ($312.45 billion) in new loans in June, more than triple the amount in May and beating analysts' forecasts.Analysts polled by Reuters had expected June new yuan loans would reach 1.8 trillion yuan, compared with 620 billion y...Reuters
Mon, Jul 14
UK financial services optimistic ahead of Mansion House speech
By Rebecca DelaneyJuly 14 - (The Insurer) - More than 80% of financial services leaders are confident that the UK government's financial services growth and competitiveness strategy will boost growth and attract foreign investment to the UK, according to a survey by KPMG.UK Chancellor Rachel Ree...Reuters
Mon, Jul 14
EU's Sefcovic: US tariff plan is prohibitive for mutual trade
European Union Trade Commissioner Maros Sefcovic said on Monday that the United States (US) tariff plan is prohibitive for mutual trade, adding that he has to do everything to avoid 30% tariffs from the US and any retaliation.Fxstreet
Mon, Jul 14
WRAPUP 2-China's exporters rush to beat Trump's next big tariff deadline
China's export growth quickened in June, imports reboundExporters making most of U.S.-China tariff truce, analysts sayChina's trade surplus grew to $114.7 billion last monthBy Joe Cash and Ethan Wang BEIJING, July 14 (Reuters) - China's exports regained momentum in June as firms rushe...Reuters
Mon, Jul 14
COLUMN-Central bank independence needs a better defence: Peacock
By Mike PeacockLONDON, July 14 (Reuters) - Investors may be fixated on Donald Trump’s attacks on the Federal Reserve, but the Bank of England also faces increasing political scrutiny, raising alarm bells about the future of central bank independence.The U.S. president has fired a regular volley of v...Reuters
Mon, Jul 14
