News
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China's property investment falls 11.2% y/y in January-June
BEIJING, July 15 (Reuters) - Property investment in China declined 11.2% in the first half of the year from the same period last year, after slumping 10.7% in January-May, official data showed on Tuesday. Property sales by floor area fell 3.5% year-on-year, compared with a 2.9% drop in the first fiv...Reuters
Tue, Jul 15
EU threatens retaliatory tariffs for US goods after Trump’s surprise 30% tariffs - WSJ
The European Union (EU) is preparing tariffs on US goods, including aircraft, alcohol, coffee, and medical devices worth 72 billion euros ($84 billion) in case no trade deal is reached by August 1, per the Wall Street Journal.Fxstreet
Tue, Jul 15
US President Donald Trump threatens 100% Russia Tariffs - Bloomberg
US President Donald Trump late Monday threatened to impose 100% tariffs” on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, per Bloomberg. Trump added that the levies would come in the form of “secondary tariffs,” without providing details.Fxstreet
Tue, Jul 15
China's economy set to slow in Q2 as pressure from US tariffs mounts
BEIJING, July 15 (Reuters) - China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.Reuters
Tue, Jul 15
Japan 10-year Government Bond Yields climb to peak since 2008
Japan 10-year Government Bond Yields (JGB) climbed to near 1.59%, the highest since 2008, in Tuesday’s early Asian session. Traders brace for a potential power shift in upper house elections this weekend that could accelerate fiscal spending and drive super-long bond yields higher.Fxstreet
Tue, Jul 15
Japan and EU to issue joint statement on economic partnership
Japan and the European Union (EU) plan to issue a joint statement aimed at deepening their economic partnership, with a particular focus on trade, advanced technology, and greater supply chain coordination, per Japanese media Yomiuri.Fxstreet
Mon, Jul 14
Global EV sales jump 24% in June though North American market struggles, research firm says
By Alessandro Parodi July 15 (Reuters) - Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday.Still, EV sales in the United States were dow...Reuters
Mon, Jul 14
BoE's Bailey warns G20 that global risks have "crystallised"
Bank of England (BoE) Governor Andrew Bailey warned finance ministers of the G20 group of countries that despite overall sturdy global market conditions, downside economic and political risks have likewise hardened recently.Fxstreet
Mon, Jul 14
What to Watch in the Day Ahead - Tuesday, July 15
The earnings season kicks off with major banks expected to report stronger profits, driven by buoyant trading and a modest rebound in investment banking. JPMorgan Chase is expected to post higher second-quarter profit, as elevated market volatility boosts its trading division.On the U.S. economic fr...Reuters
Mon, Jul 14
Trump tariffs would lift US factory jobs, cut overall income, San Francisco Fed says
July 14 (Reuters) - The Trump administration's tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Mond...Reuters
Mon, Jul 14
Trump says Federal Reserve should lower interest rates to less than 1%
WASHINGTON, July 14 (Reuters) - President Donald Trump on Monday renewed his attacks on Federal Reserve Chair Jerome Powell, saying interest rates should be at 1% or lower."We should be at 1%. We should be less than 1%," Trump said.Reuters
Mon, Jul 14
Trump promises trade deals are coming, last chance for peace for Russia
President Donald Trump delivered another litany of comments on a range of comments on Monday. According to President Trump, trade negotiations are progressing nicely, and the oft-touted trade deals that are just around the corner continue to be nearly ready to be announced.Fxstreet
Mon, Jul 14
Busiest US port says June imports rebound after China tariffs reduced
By Lisa BaertleinLOS ANGELES, July 14 (Reuters) - Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June, finishing up 10% versus a year ago and contributing to record total volume for the month, the port's executive director said on Monday.The Port of Los Angeles handled ...Reuters
Mon, Jul 14
Captive regime in focus as UK industry awaits Reeves’ Mansion House speech
Reeves to announce financial services growth strategy at Mansion House speechLondon insurance market anticipates captive insurance framework announcementIndustry leaders urge regulatory reform to enhance UK's global competitivenessBy Ryan HewlettJuly 14 - The Insurer) – British finance minister ...Reuters
Mon, Jul 14
