News
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US trade deficit narrows to $60.2 bln in June
By Dan BurnsAug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.The overall trade gap narrowed 16.0% in June to $60.2 billio...Reuters
Tue, Aug 5
US President Trump: We are getting very close to a deal with China
In an interview with CNBC on Tuesday, United States (US) President Donald Trump said that they are getting very close to reaching a trade deal with China and reiterated that the tariff rate on Indian imports will be raised soon.Fxstreet
Tue, Aug 5
Trump will announce Fed appointments soon; Bessent wants to stay at Treasury
WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump on Tuesday said he would announce decisions soon on a short-term replacement for Federal Reserve Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair.Trump said the White House was looki...Reuters
Tue, Aug 5
Elon Musk's politics hit Tesla sales in Europe's biggest car markets
Tesla registrations drop nearly 60% in Britain in JulyFall more than 55% in GermanyOverall EV sales up 58% in Germany, up 9% in Britain in July Sales of China's BYD rose sharply in both markets Aug 5 (Reuters) - Tesla's TSLA.O new car registrations in Britain and Germany, Europe's big...Reuters
Tue, Aug 5
Hugo Boss confident it can cushion US tariff blow
Hugo Boss says it's less exposed than rivals to USQ2 EBIT up 15% to 81 million euros vs forecast 77 millionPlans to hike prices excluding ChinaShares up 0.5%By Linda Pasquini Aug 5 (Reuters) - Fashion group Hugo Boss BOSSn.DE beat quarterly profit expectations on Tuesday despite warning of we...Reuters
Tue, Aug 5
GBP little changed, outperforms mildly – Scotiabank
Pound Sterling (GBP) is little changed on the day but is a mild outperformer on the session as a result, with the pound relatively safe from the trade uncertainty that is overshadowing some of its peers still, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Aug 5
EUR/INR retreats from all-time highs around 102.00 ahead of RBI policy
The EUR/INR pair falls back to near 101.30 on Tuesday after revisiting an all-time high around 101.85 earlier in the day. The pair retreated as the Indian Rupee (INR) gained ground, following the Reserve Bank of India’s (RBI) intervention into currency markets.Fxstreet
Tue, Aug 5
Morning News Call - Canada, August 5
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Trade Balan...Reuters
Tue, Aug 5
Brazil central bank flags uncertainty over US tariffs, significant sectoral impacts
BRASILIA, Aug 5 (Reuters) - Brazil's central bank said on Tuesday that steeper U.S. tariffs on goods from the country could have "significant" sectoral impacts, while broader macroeconomic effects remain uncertain and will depend on how negotiations evolve and risk perceptions.In the min...Reuters
Tue, Aug 5
USD/CNH: 7.1600 is not expected to come under threat – UOB Group
There is a chance for USD to drop below 7.1750; the major support at 7.1600 is not expected to come under threat. In the longer run, US Dollar (USD) appears to have moved into a 7.1600/7.2240 range trading phase against Chinese Yuan (CNH), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Aug 5
Intel struggles with key manufacturing process for next PC chip, sources say
Intel's 18A yield for Panther Lake chips has remained lowTimeline and newer tech risk failure, likened to 'Hail Mary' effortIntel's CFO optimistic about improvement by year-endBy Jeffrey Dastin and Max A. Cherney
Reuters
Tue, Aug 5
Euro zone yields steady after PMI data; Italian spreads continue to tighten
LONDON, Aug 5 (Reuters) - Euro zone bond yields held steady on Tuesday with the gap between Italian yields and those of Germany and France at around its narrowest in years, and business activity was the only data report in a light day for scheduled events.Germany's 10-year yield, the benchmark f...Reuters
Tue, Aug 5
