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Sluggish UK business activity improves, PMI shows, but threats to outlook abound
By Andy Bruce LONDON, June 23 (Reuters) - British business activity expanded modestly in June as new orders grew for the first time this year but employers cut jobs more quickly and worried about the conflict in the Middle East, a survey showed on Monday.The S&P Global UK Composite Purchasing...Reuters
Mon, Jun 23
Euro zone growth stalls in June with sluggish services, manufacturing
LONDON, June 23 (Reuters) - The euro zone economy flatlined for a second month in June, barely expanding as the bloc's dominant services industry showed only a small sign of improvement and manufacturing displayed none at all, a survey showed on Monday.HCOB's preliminary composite euro zone ...Reuters
Mon, Jun 23
AUD/JPY holds gains near 94.50 due to potential delay in the BoJ’s rate hikes
AUD/JPY extends its gains for the second consecutive session, trading around 94.50 during the early European hours on Monday. The currency cross depreciates as the Japanese Yen (JPY) loses ground amid rising expectations of delaying the interest rate hike by the Bank of Japan (BoJ).
Fxstreet
Mon, Jun 23
Fed Officials Divided on Rate Cut Outlook: A July Cut Looks Fishy, Fall Cuts More Likely
TradingKey - Since the implementation of Trump tariffs, Federal Reserve officials have remained uncertain about their inflationary impact. After the June FOMC meeting, the dovish camp within the Fed has weakened, and a growing divergence in views among policymakers has emerged regarding the timing..TradingKey
Mon, Jun 23
Iran military threatens US with "heavy consequences" after strikes
The Iranian Foreign Minister wrote a letter to the United Nations Secretary General calling for immediate and decisive condemnation of US strikes on Iran. Meanwhile, the Iranian army chief stated that he’s free to take action against US interests.Fxstreet
Mon, Jun 23
Euro area bond yields edge up after US attacks on Iran nuclear sites
By Stefano Rebaudo June 23 (Reuters) - Euro zone government bond yields rose on Monday as investors worry about the potential inflationary impact of an escalation in the Middle East but wait to see if Iran will retaliate against U.S. attacks on its nuclear facilities.U.S. President Donald Trump w...Reuters
Mon, Jun 23
EUR/GBP gathers strength above 0.8550 ahead of Eurozone/UK PMI releases
The EUR/GBP cross trades in positive territory near 0.8570 during the early European trading hours on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) as UK Retail Sales declined more than expected in May.
Fxstreet
Mon, Jun 23
US attack on Iran adds to economic uncertainty
Economic outlook already uncertain due to tariff policyFed Chair Powell to give Congressional testimony Tuesday, WednesdayLabor market, inflation data expected this weekBy Ann Saphir June 23(Reuters) - The U.S. bombing of Iran's nuclear sites injected fresh uncertainty into the outlook for in...Reuters
Mon, Jun 23
New Zealand's 'golden visa' scheme lures US investors
SYDNEY, June 23 (Reuters) - New Zealand said on Monday there has been a rush in applications for its new foreign investor migrant visa as the centre-right government looks to lure more high net-worth individuals to the country to stimulate economic growth. The government in April relaxed rules for t...Reuters
Mon, Jun 23
Australian Dollar remains subdued following PMI data, eyes on Middle East conflict
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Monday, extending its losses for the third successive session. The AUD/USD pair remains weaker amid dampened risk sentiment, driven by the escalating Middle East tension.
Fxstreet
Mon, Jun 23
South Korea June 1-20 exports up as US shipments rise despite tariffs
SEOUL, June 23 (Reuters) - South Korea's exports for the first 20 days of June rose 8.3% from a year earlier, after falling in May for the first time in four months, early data showed on Monday. Exports of semiconductors rose 21.8%, while cars and ships gained 9.2% and 47.9%, respectively, accor...Reuters
Mon, Jun 23
