News
Important Only
Canada's Ivey PMI rises to four-month high in June
TORONTO, July 8 (Reuters) - Canadian economic activity expanded in June at the fastest pace in four months and price increases accelerated, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.The seasonally adjusted index rose to 53.3 last month from 48.9 in May, posting its highest level si...Reuters
Tue, Jul 8
FACTBOX-Major brokerages retain rate cut expectations after Fed keeps rates steady
July 8 (Reuters) - Most Wall Street brokerages reaffirmed their rate cut forecasts after the U.S. Federal Reserve kept its policy rate unchanged last month.The U.S. central bank held interest rates steady as expected and maintained its projection for two cuts this year, though a growing minority see...Reuters
Tue, Jul 8
RPT-In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive
Business leaders see rising prices, weaker demandShifting tariff actions add uncertaintyData for rate cut remains in conflictBy Howard Schneider WASHINGTON, July 8 (Reuters) - Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in dete...Reuters
Tue, Jul 8
Rate Hold Surprises Markets: RBA’s Inflation Reasoning Puzzling, Australian Dollar Rises 1%
TradingKey - In a surprise move that defied market expectations of a rate cut, the Reserve Bank of Australia (RBA) left its policy rate unchanged amid concerns over inflation sustainability — potentially influenced by U.S. tariff policies. The decision sent the Australian dollar (AUD/USD) surging
TradingKey
Tue, Jul 8
In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive
Business leaders see rising prices, weaker demandShifting tariff actions add uncertaintyData for rate cut remains in conflictBy Howard Schneider WASHINGTON, July 8 (Reuters) - Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in dete...Reuters
Tue, Jul 8
US small business sentiment ticks down in June
NFIB index decline driven by rise in reports of excess inventoriesUncertainty falls to lowest reading this year, but still elevatedSubstantial deterioration in reported health of businessesJuly 8 (Reuters) - U.S. small-business confidence slipped in June, as firms overall felt they had too much inve...Reuters
Tue, Jul 8
China car sales jump in June but EV price war concerns intensify
China June car sales +18.6% y/y vs +13.9% y/y in MayEV, PHEV sales quicken, but worrying signals emergeExports pick up BEIJING, July 8 (Reuters) - China's car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns a...Reuters
Tue, Jul 8
Taiwan's exports in June beat forecasts to hit a record again
Exports +33.7% y/y vs +26% forecast in Reuters pollExports to U.S. +90.9% y/y (prior month +87.4%)Exports to China +13.1% y/y (prior month +16.6%)July exports seen up 15%-20% y/yTAIPEI, July 8 (Reuters) - Taiwan's exports surged by a third - far more than than expected - to a record level in Jun...Reuters
Tue, Jul 8
US ocean imports from China tumbled 28% in June on tariff hikes
By Lisa Baertlein LOS ANGELES, July 8 - U.S. imports of containerized goods from China tumbled 28.3% year-on-year in June, after higher tariffs on goods from the country's top ocean trade partner extended a steep drop that began in May, supply chain technology provider Descartes DSG.TO said o...Reuters
Tue, Jul 8
Japan's service sector mood perks up as summer heat offsets US tariff gloom
By Leika Kihara TOKYO, July 8 (Reuters) - Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs.But corporate bankruptcy cases in the first half of this year rose...Reuters
Tue, Jul 8
South Korea to step up US trade talks before tariffs kick in on August 1
South Korea plans intensified trade talks with US ahead of new tariff deadlineTrump sends letter to South Korean president for 25% tariff from August 1Rubio says still time for negotiation, South Korea's presidential office saysMore clarity gives Lee room to manoeuvre, analysts sayBy Jack Kim an...Reuters
Tue, Jul 8
