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US new vehicle sales set to rise 2.5% in June, report says
June 25 (Reuters) - U.S. total new vehicle sales are expected to rise 2.5% to 1.25 million units on an adjusted basis for the month of June, J.D. Power and GlobalData said in a joint report on Wednesday.However, same sales volume without adjusting for the number of selling days translates to a decre...Reuters
Wed, Jun 25
The "Anomaly" of Low U.S. Unemployment: Labor Market Differential Halved, Long-Term Unemployment Hits Three-Year High
TradingKey - Although the U.S. unemployment rate remains at a relatively low level of 4.2%, the seemingly calm or stable labor market is showing real cracks: consumer sentiment regarding job prospects has deteriorated, and the long-term unemployment rate has risen to a three-year high, with an ...TradingKey
Wed, Jun 25
Fed's Powell heads to Senate panel for second day of testimony
Powell hearing with Senate Banking panel begins at 10 a.m.Powell likely to repeat message tariffs expected to raise inflationInvestors pricing September, December cutsBy Howard Schneider WASHINGTON, June 25 (Reuters) - U.S. Federal Reserve Chair Jerome Powell resumes two days of Congressional tes...Reuters
Wed, Jun 25
NATO allies agree to hike defence spending, reaffirm collective defence
THE HAGUE, June 25 (Reuters) - NATO allies on Wednesday pledged to increase their annual defence spending to a total of 5% of gross domestic product (GDP) by 2035 and reaffirmed their commitment to collective defence, stating that "an attack on one is an attack on all."In the declaration of ...Reuters
Wed, Jun 25
Xpeng executive says company does not export new cars as 'used', Chinese media report
BEIJING, June 25 (Reuters) - Chinese electric vehicle maker Xpeng 9868.HK has not been exporting new cars as used, an Xpeng executive was reported as saying by Shanghai-based official media outlet The Paper on Wednesday.China's auto industry has inflated car sales for years through a burgeoning ...Reuters
Wed, Jun 25
Canadian inflation remains acceptably low – Commerzbank
Yesterday's Canadian inflation figures were broadly in line with expectations, with the only deviation being the non-seasonally adjusted month-on-month headline rate, which was slightly higher than expected, Commerzbank's FX analyst Michael Pfister notes.
Fxstreet
Wed, Jun 25
USD/CNH: Any decline is unlikely to reach 7.1450 – UOB Group
Room for US Dollar (USD) to continue to edge lower against Chinese Yuan (CNH), but any decline is unlikely to reach 7.1450. 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
Wed, Jun 25
USD/CNH pressures key 7.16 support – Société Générale
USD/CNH remains under pressure after surrendering its 50-DMA in May, with bearish momentum persisting. The pair is testing key support at 7.16, and a decisive break lower could open the door to deeper losses toward 7.13 and 7.10, Société Générale's FX analysts note.
Fxstreet
Wed, Jun 25
From Optimism to Caution: U.S. Consumer Confidence Unexpectedly Drops
TradingKey – Data released on Tuesday by the Conference Board showed that the U.S. consumer confidence index fell to 93 in June , a decline of 5.4 points from May , and below market expectations. This drop interrupted the brief rebound seen earlier amid hopes of easing trade tensions.TradingKey
Wed, Jun 25
Spain expects no repercussions from not meeting NATO 5% spending target
MADRID, June 25 (Reuters) - Spain said on Wednesday it did not expect any repercussions from its decision not to meet a defence spending target of 5% of gross domestic product that NATO member states are expected to set at a summit in The Hague."Spain will be a responsible ally," Economy Min...Reuters
Wed, Jun 25
Tesla's European sales slump for fifth month
European car sales up 1.9% year-on-year in MayBattery-electric car sales jump 27.2%Tesla sales drop 27.9%, falling for fifth straight monthBy Jesus Calero June 25 (Reuters) - Tesla's TSLA.O new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in ...Reuters
Wed, Jun 25
UK to buy fighter jets capable of carrying tactical nuclear weapons
UK to buy F-35A fighter jets from Lockheed MartinThe move will provide second pillar of UK nuclear deterrent PM Starmer cites threat from growing global instability By Andrew MacAskill THE HAGUE, June 24 (Reuters) - Britain said it would buy a dozen F-35A fighter jets capable of firing tac...Reuters
Wed, Jun 25
JGBs rise as summary shows BOJ's dovish tone at June policy meeting
TOKYO, June 25 (Reuters) - Japanese government bonds rose on Wednesday as the market found the overall tone of a summary of the Bank of Japan's latest policy meeting dovish. The 10-year JGB yield JP10YTN=JBTC fell 1.5 basis points (bps) to 1.4%. The 20-year JGB yield JP20YTN=JBTC fell 2.5 bps to...Reuters
Wed, Jun 25
