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US trade chief Greer says wants US trade deficit on downward path
Greer says US trade deficit 'untenable and unsustainable'Trump negotiating with countries to help US reindustrialize, Greer says'Problematic' trade partners to get highest tariffs, Greer says By David Lawder and Andrea ShalalJuly 16 (Reuters) - U.S. Trade Representative Jamieson Gree...Reuters
Wed, Jul 16
Trump open to idea of firing Fed Chair Powell, source says
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump is open to the idea of firing Federal Reserve Chair Jerome Powell, a source told Reuters on Wednesday.Trump polled some Republican lawmakers on firing Powell and received a positive response, the source said.Reuters
Wed, Jul 16
Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks
Investment banking revenue falls 5%, lagging Goldman and JPMorganShares fall in early tradingClient assets closer to long term goal of $10 trillionMarket volatility increased equities trading revenueBy Tatiana Bautzer and Manya Saini July 16 (Reuters) - Morgan Stanley's MS.N profit beat Wall ...Reuters
Wed, Jul 16
Euro zone bond yields dip as investors assess inflation figures, trade talks
Euro zone bond yields edge lowerMarkets digest US CPI, PPI dataFocus on Trump tariff threatsBy Lucy Raitano LONDON, July 16 (Reuters) - Euro zone government bond yields were slightly lower on Wednesday as markets assessed U.S. inflation figures and took stock of the latest tariff developments. U....Reuters
Wed, Jul 16
US Pres. Trump asks Republican lawmakers whether he should fire Fed Chairman Powell – CBS
Citing multiple sources with direct knowledge of the matter, CBS News reported on Wednesday that United States (US) President Donald Trump asked Republican lawmakers whether he should fire Federal Reserve (Fed) Chairman Jerome Powell.Fxstreet
Wed, Jul 16
US crude stockpiles fall as exports rise; fuel demand drops, EIA says
Crude inventories drop by 3.9 mln bbls, surpassing forecastBrent and US crude futures extend losses after EIA reportCrude exports rise to 3.5 mln bpd, EIA reportsBy Stephanie KellyCHICAGO, July 16 - U.S. crude oil stockpiles fell last week as exports rose, while gasoline and distillate inventories r...Reuters
Wed, Jul 16
TREASURIES-US yields sink after benign producer prices data
US PPI data shows drop in services offsetting cost of goodsIndustrial production edges up in JuneHigher odds of Fed easing in October By Gertrude Chavez-Dreyfuss NEW YORK, July 16 (Reuters) - U.S. Treasury yields declined on Wednesday, after hitting multi-week peaks overnight, following data show...Reuters
Wed, Jul 16
US trade chief Greer says wants US trade deficit on downward path
WASHINGTON, July 16 (Reuters) - U.S. Trade Representative Jamieson Greer said on Wednesday that his trade policy goal was to put the $1.2 trillion U.S. trade deficit on a downward path and to stem the loss of U.S. advanced manufacturing capacity.Greer, in remarks to a reindustrialization summit in D...Reuters
Wed, Jul 16
US crude stocks fall, gasoline and distillate inventories rise - EIA
CHICAGO, July 16 - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.9 million barrels to 422.2 million barrels in the week ended July11, the EIA said, compared with analysts' expec...Reuters
Wed, Jul 16
US manufacturing output edges up in June
WASHINGTON, July 15 (Reuters) - U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports.Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, t...Reuters
Wed, Jul 16
Bahrain to announce $17 billion in US deals during Trump talks
By Steve Holland WASHINGTON, July 16 (Reuters) - Bahrain's crown prince is set to announce plans to invest more than $17 billion in the United States during a meeting with President Donald Trump on Wednesday, a White House official said.As part of the investment, Bahrain is expected to sign a...Reuters
Wed, Jul 16
US Industrial Production expands 0.3% in June vs. 0.1% expected
Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.Fxstreet
Wed, Jul 16
Fed's Hammack makes no comment on monetary policy, economic outlook
By Michael S. DerbyNEW YORK, July 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack did not comment on the economic and monetary policy outlook in a speech Wednesday.In her prepared remarks to the Cuyahoga Community College Corporate College 20th Anniversary Celebration, the ba...Reuters
Wed, Jul 16
France cuts rate on popular Livret A savings accounts
PARIS, July 16 (Reuters) - France's finance ministry said on Wednesday it was cutting the regulated interest rate on popular, tax-free savings accounts known as Livret A to 1.7% from 2.4 from August 1.French savers had over 600 billion euros ($696.6 billion) in Livret A accounts and a similarly ...Reuters
Wed, Jul 16
TREASURIES-US yields extend fall after tepid producer prices data
NEW YORK, July 16 (Reuters) - U.S. Treasury yields extended their decline on Wednesday after data showed tame producer prices last month, suggesting that the Federal Reserve could likely begin to move toward cutting interest rates sooner rather than later.Headline U.S. producer prices were unchanged...Reuters
Wed, Jul 16
US producer prices unchanged in June
WASHINGTON, July 16 (Reuters) - U.S. producer prices were unexpectedly unchanged in June as an increase in the cost of goods because of tariffs on imports was offset by weakness in services. The unchanged reading in the producer price index for final demand last month followed an upwardly rev...Reuters
Wed, Jul 16
US annual PPI inflation softens to 2.3% in June vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in June, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading followed the 2.6% increase recorded in May and came in below the market expectation of 2.5%.Fxstreet
Wed, Jul 16
