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US Treasury's Bessent expects Senate will pass Trump bill on Tuesday
July 1 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he expects the Senate to pass President Donald Trump's "Big Beautiful Bill" by the afternoon."I think we'll get Senate approval this afternoon," he told Fox News in an interview.Reuters
Tue, Jul 1
WRAPUP 2-GLOBAL ECONOMY-Tariff risks muddy global outlook for factories
Euro zone factories stabilise, index still below 50 UK manufacturing showed some signs of turning a cornerChina's private PMI expands in June, confounds official surveyBy Jonathan Cable and Leika Kihara LONDON/TOKYO, July 1 (Reuters) - Worries over future U.S. tariffs are clouding the outlook...Reuters
Tue, Jul 1
New Tesla sales in Spain rise 61% in June
July 1 (Reuters) - Tesla's TSLA.O new car sales in Spain rose 60.7% in June from the same month in 2024 to 2,632 vehicles, registration data released by industry group ANFAC showed on Tuesday, as sales of all electrified cars more than doubled.In the first half of the year though sales of Tesla ...Reuters
Tue, Jul 1
USD/CNH: Measured pace – OCBC
USD/CNH continued to trade lower in subdued ranges near its recent lows. USD/CNH last at 7.1560 levels. Daily momentum is showing tentative signs of turning mild bearish but decline in RSI shows signs of moderation, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Jul 1
US second-quarter auto sales set to rise, tariffs may drive up prices
July 1 (Reuters) - U.S. auto sales are set to rise in the second quarter aided by sustained demand, but industry experts forecast President Donald Trump's tariffs to pressure prices in the months ahead.Market research firm Cox Automotive expects U.S. new-vehicle sales volume to climb about 1.7% ...Reuters
Tue, Jul 1
Euro zone bond yields dip as inflation hits ECB target, central banks in focus
By Samuel Indyk LONDON, July 1 (Reuters) - Euro zone government bond yields fell slightly on Tuesday but remained within their recent range as inflation in the bloc returned to the European Central Bank's target level.Inflation in the 20 nations sharing the euro currency crept up to 2.0% in J...Reuters
Tue, Jul 1
USD: Focus on US data plus Powell at Sintra – ING
The dollar continues to edge lower in an environment characterised by lower volatility. On the subject of volatility, it's interesting to note that traded volatility levels for equities and debt have fallen further than they have for FX.Fxstreet
Tue, Jul 1
GLOBAL ECONOMY-European factories show more signs of recovery but Asia hobbled by tariff risks
Euro zone factories showed more signs of stabilisation in JuneBritish manufacturing showed some signs of turning a cornerChina's private PMI expands in June, confounds official surveyBy Jonathan Cable and Leika Kihara LONDON/TOKYO, July 1 (Reuters) - Factory activity across Europe showed more...Reuters
Tue, Jul 1
China's top leaders vow crackdown on price wars as deflation risks mount
By Joe Cash BEIJING, July 1 (Reuters) - China's top leaders pledged on Tuesday to step up regulation of aggressive price-cutting by Chinese companies, state news agency Xinhua reported, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. ...Reuters
Tue, Jul 1
German home prices rise for second consecutive quarter after deep slump
By Rene Wagner and Tom Sims FRANKFURT, July 1 (Reuters) - German residential property prices rose 3.8% in the first quarter of 2025 from a year earlier, a second consecutive rise after a period of steep declines during a nationwide real-estate slump, federal data showed on Tuesday.After more than...Reuters
Tue, Jul 1
