News
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German inflation eases to 2.0% in June, defying forecasts
Analysts polled by Reuters had expected slight increaseCore inflation falls to 2.7% from 2.8% in MayEnergy prices fall, food rises but slower than in May, AprilBy Maria Martinez BERLIN, June 30 (Reuters) - German inflation eased in June, preliminary data from the federal statistics office showed ...Reuters
Mon, Jun 30
Saudi wealth fund net profit tumbles 60% in 2024
DUBAI, June 30 (Reuters) - Saudi Arabia's sovereign wealth fund's net profit slumped 60% from a year earlier to 25.8 billion riyals ($6.9 billion) in 2024, it reported on Monday, hurt by high interest rates and inflation as well as impairments on some projects.The Public Investment Fund said...Reuters
Mon, Jun 30
US insurance stocks rose 0.9% last week as Wall Street rallied on Israel-Iran ceasefire
By Carlos PallordetLONDON, June 30 (Reuters) - (The Insurer) - The North American insurance composite, compiled by investment banks Stonybrook Capital and Weild & Co, last week trailed all broad market indices, which surged on news of the end of the “Twelve Day War” between Israel and Iran, with...Reuters
Mon, Jun 30
FOCUS-US prices for China-made goods on Amazon rise faster than inflation, analysis shows, as tariffs bite
DataWeave study shows China-made goods prices spiked in JuneUS inflation data through May shows similar trendConsumer sentiment weak, retailers cautious about price hikesBy Siddharth Cavale NEW YORK, June 30 (Reuters) - Prices for goods made in China and sold on Amazon.com have been rising faster...Reuters
Mon, Jun 30
German inflation falls to 2.0% in June
BERLIN, June 30 (Reuters) - German inflation unexpectedly fell to 2.0% year on year in June, preliminary data from the federal statistics office showed on Monday.Analysts polled by Reuters had forecast EU-harmonised inflation increasing from the previous month to 2.2%.Reuters
Mon, Jun 30
Brazil's public sector debt edges up to 76.1% of GDP in May
BRASILIA, June 30 (Reuters) - Brazil's public sector gross debt rose slightly to 76.1% of gross domestic product (GDP) in May from 76.0% in April, central bank data showed on Monday. The increase was driven mainly by interest payments, the central bank said, in a month when the primary budget de...Reuters
Mon, Jun 30
USD/CNH: Likely to trade in a range of 7.1590/7.1780 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1590/7.1780 against CNH (Chinese Yuan). In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Jun 30
GBP soft as markets look to BoE guidance – Scotiabank
The Pound Sterling (GBP) is soft and entering Monday’s NA session with a marginal 0.1% decline against the US Dollar (USD), trading just below last week’s multi-year highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Mon, Jun 30
Brazil's public sector debt edges up to 76.1% of GDP in May
BRASILIA, June 30 (Reuters) - Brazil's public sector gross debt rose slightly to 76.1% of gross domestic product (GDP) in May from 76.0% in April, central bank data showed on Monday.The public sector posted a primary deficit of 33.74 billion reais ($6.16 billion) for the month, narrower than the...Reuters
Mon, Jun 30
USD/CNH: Nearing support – OCBC
USD/CNH continued to trade in subdued ranges near its recent lows. Consistent trend of CNY fix being set stronger, relatively upbeat PMIs, confirmation of trade deal framework between US and China as well as a softer USD environment should continue to point to a more constructive outlook for RMB.
Fxstreet
Mon, Jun 30
China urges Canada to 'correct wrongdoing' over Hikvision shutdown
BEIJING, June 30 (Reuters) - China's commerce ministry on Monday urged Canada to "immediately correct its wrongdoings" after Ottawa ordered the Chinese company Hikvision 002415.SZ to cease operation in the country, citing national security concerns.In a statement published on its website...Reuters
Mon, Jun 30
Copper breakout targets 10,160 on renewed uptrend – Société Générale
LME Copper has regained strong upward momentum after clearing the 50-day moving average, setting the stage for a potential move toward multi-month highs, Société Générale's FX analysts note, Société Générale's FX analysts note.Fxstreet
Mon, Jun 30
