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Germany to raise defence spending to 3.5% of GDP by 2029, sources say
Germany's 2025 and 2026 budget drafts include record investmentsNATO summit to discuss increasing defence spending to 5% of GDPGermany to borrow 378.1 billion euros for defenceBy Maria Martinez BERLIN, June 23 (Reuters) - Germany will raise defence spending to 3.5% of economic output by 2029 ...Reuters
Mon, Jun 23
TREASURIES-US yields fall after Fed's Bowman signals potential rate cut as soon as July
NEW YORK, June 23 (Reuters) - Yields on U.S. Treasuries fell on Monday morning after Federal Reserve vice-chair Michelle Bowman said the first interest rate this year could come as soon as July. Yields were slightly lower on the session after the U.S. bombed Iran's nuclear sites over the weekend...Reuters
Mon, Jun 23
Fed’s Bowman: Open to cutting rates as soon as July
FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market.Fxstreet
Mon, Jun 23
Fed's Bowman open to cutting rates at July policy meeting
Fed's Bowman says time to weigh cutting ratesBowman says open to July rate cut if inflation containedBowman less worried tariffs will drive up inflation By Michael S. Derby NEW YORK, June 23 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President T...Reuters
Mon, Jun 23
US existing home sales rise in May; mortgage rates still a constraint
WASHINGTON, June 23 (Reuters) - U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates.Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million units, the National Association of Realtors said on Monday. Economists ...Reuters
Mon, Jun 23
US S&P Global Manufacturing PMI holds at 52 in June, Services PMI declines to 53.1
The economic activity in the US' private sector continued to expand at a healthy pace in June, with the S&P Global Composite Purchasing Managers Index coming in at 52.8 (flash estimate), down slightly from 53 in May.Fxstreet
Mon, Jun 23
Germany's Merz: EU's approach to US trade talks is 'far too complicated'
BERLIN, June 23 (Reuters) - German Chancellor Friedrich Merz has called the European Union's approach to trade negotiations with the United States "far too complicated", saying the bloc should instead focus on reaching agreements for a handful of major sectors."The Americans are rela...Reuters
Mon, Jun 23
US business activity moderates; price pressures building up
Manufacturers face highest input costs since July 2022Employment rises, driven by manufacturing order backlogsBy Lucia Mutikani WASHINGTON, June 23 (Reuters) - U.S. business activity slowed marginally in June, though prices increased further amid President Donald Trump's aggressive tariffs on...Reuters
Mon, Jun 23
NATO's Rutte: New baseline for allies will be to spend 5% of GDP on defence
THE HAGUE, June 23 (Reuters) - NATO members have agreed to spend 5% of their gross domestic product (GDP) on defence, the alliance's Secretary General Mark Rutte said on Monday, adding allies will invest in thousand more tanks and armoured vehicles."The defense investment plan that allies wi...Reuters
Mon, Jun 23
US official says Iranian retaliation could come as soon as next day or two – Reuters
Citing two US officials on Monday, Reuters reported that the US assesses a high risk of an Iranian retaliation against the US forces soon and added that the US is still pursuing a diplomatic resolution, per Reuters.Fxstreet
Mon, Jun 23
Lagarde speech: Risks to growth outlook remain tilted to downside
While testifying before the European Parliament on Monday, European Central Bank (ECB) President Christine Lagarde said that survey data point to some weaker prospects for economic activity in the near term, per Reuters.Fxstreet
Mon, Jun 23
Germany to raise defence spending to 3.5% of GDP by 2029, sources say
By Maria Martinez BERLIN, June 23 (Reuters) - Germany will boost defence spending to 3.5% of gross domestic product by 2029, sources said on Monday, aiming to send a strong signal with its 2025 budget ahead of this week's NATO summit in The Hague.Germany's total defence spending will go u...Reuters
Mon, Jun 23
Trump to push NATO defense spending at summit, White House says
WASHINGTON, June 23 (Reuters) - U.S. President Donald Trump will push NATO members to increase defense spending to 5% of GDP when he goes to the defense alliance summit on Tuesday, White House spokeswoman Karoline Leavitt said."One of the main topics of discussion will be that 5% threshold that ...Reuters
Mon, Jun 23
