News
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Producer prices in Brazil fall to the lowest in almost two years
SAO PAULO, July 4 (Reuters) - Brazil's producer price index (PPI) fell 1.29% in May, reaching the lowest level since 2023, statistics agency IBGE said on Friday.Producer prices in May contracted from a 0.12% drop in the previous month, IBGE said in a statement, marking the sharpest fall this yea...Reuters
Fri, Jul 4
South Korea parliament approves 31.8 trillion won extra budget to bolster economy
SEOUL, July 4 (Reuters) - South Korea's parliament approved a supplementary budget on Friday of 31.8 trillion won ($23.3 billion), supporting President Lee Jae Myung's push to bolster an economy grappling with trade headwinds and tepid consumption.The spending plan that parliament approved i...Reuters
Fri, Jul 4
Producer of Platinum metals with new forecasts for Platinum and Palladium – Commerzbank
Platinum and Palladium prices came under pressure yesterday and reversed most of the gains from the previous day. The price decline occurred much earlier than for Gold and was certainly not related to this.Fxstreet
Fri, Jul 4
Canada's services PMI declines in June as trade policy uncertainty clips activity
By Fergal Smith TORONTO, July 4 (Reuters) - Canada's services economy contracted at a steeper pace in June as uncertainty generated by U.S. trade policy depressed activity and cost pressures increased, S&P Global's Canada services PMI data showed on Friday.The headline Business Activi...Reuters
Fri, Jul 4
US chip tariffs: Saddled with uncertainty – Standard Chartered
Semiconductors are the fourth most traded good globally and impact a host of consumer goods. Semiconductor supply chain is complex, with different economies dominating different parts. US administration is conducting investigations into semiconductor supply chains; threatening tariffs.Fxstreet
Fri, Jul 4
ECB's Wunsch: Inflation risk more downward than upward
BERLIN, July 3 (Reuters) - The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.Speaking on the sidelines of a central bank conference in Sintra, the Europe...Reuters
Fri, Jul 4
Ethiopia agrees $1 billion financing deal with World Bank
ADDIS ABABA, July 4 (Reuters) - Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic reform programme and boost growth.The money will bolster government efforts to ensure financial sector stability, enhance trade competitiveness and ...Reuters
Fri, Jul 4
Japan Household Spending Surges Past Forecasts: Can Consumer Strength Lift Economy?
TradingKey - Newly released May data on Japanese household spending far exceeded market expectations. Adjusted for inflation, real household consumption expenditure surged 4.7% year-over-year in May, significantly higher than the projected 1.2%, marking the largest year-over-year increase since...
TradingKey
Fri, Jul 4
JPY outperforming on risk aversion – Scotiabank
The Japanese Yen (JPY) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies into Friday’s NA open, supported by sentiment in an environment of mild risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Fri, Jul 4
Indonesia offers to cut duties on US goods, buy $500 million of wheat in tariff talks
Indonesia to buy 2 million tons of US wheatJakarta offers near-zero tariffs on key US exportsGaruda in talks with Boeing for up to 75 planes purchase Jakarta is facing a 32% tariff in US marketsBy Stefanno Sulaiman and Ananda Teresia JAKARTA, July 4 (Reuters) - Indonesia has offered to cut dutie...Reuters
Fri, Jul 4
USD/CNH: Likely to consolidate between 7.1600 and 7.1750 – UOB Group
USD is likely to consolidate between 7.1600 and 7.1750. In the longer run, the current price movements are likely part of a range trading phase between 7.1550 and 7.1850, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jul 4
Thai-US trade negotiations not concluded yet, minister says after talks
BANGKOK, July 4 (Reuters) - Thailand has not yet reached a conclusion on trade talks with the United States and will work on a new proposal, the finance minister said on Friday.Speaking while travelling back from Washington from negotiations with the United States, Pichai Chunhavajira said the team ...Reuters
Fri, Jul 4
Euro Stoxx 50 builds base after sharp rebound – Société Générale
Euro Stoxx 50 is stabilizing after a strong V-shaped rebound from April lows, with technical signals hinting at renewed upside momentum. Key support at 5265 could pave the way for a climb toward 5435 and possibly retest the March peak, Société Générale's FX analysts note.Fxstreet
Fri, Jul 4
BREAKINGVIEWS-EU’s China-US trade weakness only goes so far
By Yawen Chen LONDON, July 4 (Reuters Breakingviews) - Ursula von der Leyen is fighting a European Union trade war on two fronts. The European Commission president already faces a 10% flat tariff from U.S. President Donald Trump, and also has to contend with the risk that failed U.S. negotiations...Reuters
Fri, Jul 4
US labor market: Good on the inside – Commerzbank
At first glance, the situation seemed clear. With 147,000 new jobs created, the US labour market proved more robust than most analysts had expected – in fact, only one analyst in a Bloomberg survey had predicted even more new jobs. The unemployment rate also fell from 4.2% to 4.1%.Fxstreet
Fri, Jul 4
Is the Strong U.S. June Jobs Report a Mirage? Hidden Signs of Labor Market Weakness Amid Falling Unemployment
TradingKey - The June 2025 U.S. nonfarm payrolls report, released by the Bureau of Labor Statistics on Thursday, July 3, surprised markets with stronger-than-expected job growth and a falling unemployment rate — effectively eliminating market expectations for a July Fed rate cut.TradingKey
Fri, Jul 4
Non-Farm Payrolls Deflate Rate Cut Hopes with 147,000 New Jobs; Economists Rule Out July Fed Cut
TradingKey - On Thursday in the US, a stronger-than-expected June non-farm payroll report dashed hopes for a rate cut in July. Joe Brusuelas, chief economist at RSM, declared a July rate cut completely off the table, while Nick Timiraos, known as the "Fed whisperer," suggested that the June jobs datTradingKey
Fri, Jul 4
