News
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BoE: Quite the predicament – Standard Chartered
BoE cuts base rate by 25bps to 4.0% as expected; MPC split was more hawkish than expected. Upside inflation risks and downside labour-market risks exacerbate divisions on the MPC. There might be another cut in Q4, although it has become a close call between November and December.Fxstreet
Thu, Aug 7
New York Fed finds rise in longer-run expected inflation in July
New York Fed says longer-run inflation expectations up in JulyHouseholds more upbeat about current, future financial situationAmericans' view on labor market mixed in July By Michael S. Derby Aug 7 (Reuters) - Americans' longer-term inflation outlook deteriorated in July even as household...Reuters
Thu, Aug 7
Switzerland to honor F-35 deal despite U.S. tariff hike
ZURICH, Aug 7 (Reuters) - Switzerland will stick to a procurement deal to purchase F-35 fighter jets and the Patriot missile system with the U.S. despite 39% tariffs imposed by Washington on Swiss imports, President Karin Keller-Sutter said on Thursday."The Federal Council has repeatedly affirme...Reuters
Thu, Aug 7
Canada's Ivey PMI climbs to one-year high in July
TORONTO, Aug 7 (Reuters) - Canadian economic activity expanded in July at the fastest pace in one year as employment rose, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index rose to 55.8 last month from 53.3 in June, posting its highest level since July 2024. ...Reuters
Thu, Aug 7
Brazil's auto sales, production jump in July
SAO PAULO, Aug 7 (Reuters) - Brazil's auto production and sales both rose in July from the previous month, data released by automakers association Anfavea showed on Thursday.According to Anfavea, auto production in Latin America's largest economy increased 15.7% in the month to 237,835 units...Reuters
Thu, Aug 7
RPT-Stressed US low-income shoppers hunt for smaller packs, restaurant meals under $5
Lower-income households cut spending on essentials amid inflation and tariff concernsCompanies face shrinking margins as price hikes fail to boost salesFast-food chains offer cheaper menu items to attract budget-conscious consumersBy Juveria Tabassum and Jessica DiNapoli Aug 7 (Reuters) - Lower-i...Reuters
Thu, Aug 7
Swiss government rules out tariff countermeasures despite strain from U.S. tariffs
BERLIN, Aug 7 (Reuters) - Switzerland's federal council said on Thursday it is not considering tariff countermeasures in response to newly imposed U.S. tariffs that affect nearly 60% of Swiss exports and place substantial strain on the country's export-oriented economy.The government will fo...Reuters
Thu, Aug 7
Russia's seven-month budget deficit exceeds annual target
MOSCOW, Aug 7 (Reuters) - Russia's seven-month budget deficit exceeded the target for the entire year by a quarter, Finance Ministry data showed on Thursday, highlighting the strain of financing the war in Ukraine.U.S. President Donald Trump, who is expected to meet Russian President Vladimir Pu...Reuters
Thu, Aug 7
Mexico's inflation slows in July, central bank set to deliver fresh rate cut
Aug 7 (Reuters) - Mexico's headline inflation slowed in July to its lowest level since late 2020, but the closely-watched core rate remained above the central bank's official target, data from national statistics agency INEGI showed on Thursday.The figures were released ahead of the Bank of ...Reuters
Thu, Aug 7
Tug of War Behind the 4% Rate: Bank of England’s First Dual-Round Vote Exposes Deep Policy Rift
TradingKey - At noon local time, the Bank of England (BoE) announced a 25 basis-point rate cut, bringing the benchmark interest rate down to 4%. This marks the fifth cut in the current easing cycle.TradingKey
Thu, Aug 7
CORRECTED-Trump tariffs split Japan Inc as Toyota cuts forecast while Sony, Honda raise
Toyota cuts annual profit estimate by 16% on tariffs, yenSony, Honda say tariff hit will be less than fearedJapan urges Washington to implement car tariff dealBy Daniel Leussink and Sam Nussey TOKYO, Aug 7 (Reuters) - U.S. President Donald Trump's tariffs are cleaving Japan Inc, as some big e...Reuters
Thu, Aug 7
