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German export sentiment takes hit from tariff threat, Ifo says
BERLIN, June 25 (Reuters) - The mood among German exporters darkened in June due to uncertainty regarding U.S. tariffs, according to a survey conducted by the Ifo economic institute.The institute's index for export expectations dropped to -3.9 from -3.0 in May."The tariff threats from the U....Reuters
Wed, Jun 25
EUR/GBP appreciates to near 0.8550, upside seems limited due to dovish ECB's tone
EUR/GBP edges higher after registering losses in the previous session, trading around 0.8530 during the Asian hours on Wednesday. However, the currency cross faced challenges as the Euro (EUR) lost ground following the dovish remarks from the European Central Bank’s (ECB) officials.
Fxstreet
Wed, Jun 25
BoJ's Tamura: Upside risks to price outlook are heightening
The Bank of Japan (BoJ) board member Naoki Tamura said on Wednesday that inflation rose more than expected back in May and it is difficult to predict the outlook. Tamura added that the Japanese central bank may need to act decisively if upside price risks heighten further.Fxstreet
Wed, Jun 25
China can maintain high growth and transition to consumer-led economy, premier Li says
China's economy showed steady improvement in Q2, Li saysLi optimistic about maintaining rapid growth rateAnalysts expect slower growth without US trade truceAnalysts, IMF say deeper reforms needed for consumption-led growth TIANJIN, China, June 25 (Reuters) - China's Premier Li Qiang said...Reuters
Wed, Jun 25
BREAKINGVIEWS-Muddled US meddling grinds factory gears
By Gabriel Rubin WASHINGTON, June 25 (Reuters Breakingviews) - Trying to reshape the U.S. economy around manufacturing is hard enough without helter-skelter industrial policy. Cancelled subsidies, shredded contracts and unpredictable tariffs should be partly countervailed by tax and regulation br...Reuters
Wed, Jun 25
EUR/JPY hovers around 168.50 following BoJ’s Summary of Opinions
EUR/JPY steadies after registering over 0.50% losses in the previous session, trading around 168.30 during the Asian hours on Wednesday. The Japanese Yen (JPY) moves little against its peers following the release of the Summary of Opinions from the Bank of Japan's (BoJ) June meeting.
Fxstreet
Wed, Jun 25
Tesla's European sales slump for fifth month as EV rivals gain momentum
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
Australia’s monthly CPI inflation eases to 2.1% YoY in May vs. 2.3% expected
Australia’s monthly Consumer Price Index (CPI) eased to 2.1% in the year to May, compared to a 2.4% rise seen in April, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Wed, Jun 25
BOJ board divided over rate pause and inflation risks, June summary shows
Some called for keeping rates steady due to US trade uncertaintySome saw domestic inflation moving higher than expectedOne called for BOJ to hike rates 'decisively', summary showsBOJ kept rates steady at 0.5% at June meetingBy Leika Kihara TOKYO, June 25 (Reuters) - Some Bank of Japan pol...Reuters
Wed, Jun 25
Trump pushes Congress to pass his 'big beautiful bill' as debate clouds path forward
Senate Republicans split over spending cuts, social programs Trump says no to lawmakers' vacation until bill passesSenate parliamentarian's opinions alarm House hardlinersBy David Morgan WASHINGTON, June 24 (Reuters) - President Donald Trump urged fellow Republicans in the U.S. Senate on ...Reuters
Wed, Jun 25
Fed's Schmid says there is time to study tariff effects before rate cuts
By Howard SchneiderWASHINGTON, June 24 (Reuters) - The U.S. Federal Reserve has time to study the effect of rising import tariffs on prices and economic growth before deciding on further interest rate cuts, Kansas City Fed President Jeff Schmid said on Tuesday."The current posture of monetary po...Reuters
Wed, Jun 25
US strikes only set back Iran’s nuclear program by months - Reuters
A US intelligence report suggested that US strikes over the weekend on Iranian nuclear facilities have set back Tehran's program by only a matter of months and it was not “completely and fully obliterated” as US President Donald Trump has said, three sources with knowledge of the matter told ReutersFxstreet
Tue, Jun 24
