News
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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
CORRECTED-Canadian housing starts post surprise 0.4% rise in June
July 16 (Reuters) - Canadian housing starts posted a surprise increase in June, rising 0.4% from May, data from the national housing agency showed on Wednesday.The seasonally adjusted annualized rate of housing starts rose to 283,734 units from a revised 282,705 units in May, the Canadian Mortgage a...Reuters
Wed, Jul 16
Ukraine parliament backs $9.8 billion boost to defence spending as war drags on
By Olena Harmash KYIV, July 16 (Reuters) - Ukraine's parliament gave its initial approval on Wednesday to an extra $9.8 billion in budget spending for the army and defence this year as the war against Russia drags on with no end in sight.Parliament passed the budget amendments in the first re...Reuters
Wed, Jul 16
IMF says Egypt makes mixed reform progress, cites state dominance of economy
CAIRO, July 16 (Reuters) - Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the fund said, citing the public sector's continued dominance of the economy as a problem.In its long-delayed staff report for the fourth review of...Reuters
Wed, Jul 16
USD/CNH: Any advance is likely part of a higher range of 7.1720/7.1920 – UOB Group
US Dollar (USD) may edge higher against Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.1720/7.1920. In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jul 16
Euro zone bond yields steady as markets assess US, UK inflation data
Euro zone bond yield edge lowerMarkets digest US CPI, await PPIUK gilts rise after hot inflation printFocus on Trump tariff threatsBy Lucy Raitano LONDON, July 16 (Reuters) - Euro zone government bond yields edged slightly lower on Wednesday, as markets assessed U.S. inflation figures released Tu...Reuters
Wed, Jul 16
