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British carmaker JLR's Q1 sales drop 11% after briefly halting U.S. exports
July 7 (Reuters) - British luxury carmaker Jaguar Land Rover (JLR) reported a 10.7% drop in first-quarter sales, its Indian parent Tata Motors TAMO.NS said on Monday, following a temporary pause in shipments to the U.S.JLR, known for its Range Rover sport utility vehicles (SUVs), sold 87,286 units t...Reuters
Mon, Jul 7
BofA Chief Warns: "Big and Beautiful" Bill Could Trigger $50 Trillion Debt Bubble!
TradingKey - Recently, Michael Hartnett, Bank of America's Chief Investment Strategist, dubbed "Wall Street's Most Accurate Analyst," issued a report warning that U.S. federal government debt could surpass $50 trillion within seven years, based on projections of the "Big and Beautiful" bill's...TradingKey
Mon, Jul 7
Indonesia's top negotiator to visit US ahead of tariff deadline, official says
Indonesia wheat flour mills assoc to ramp up U.S. wheat importsThe deal also includes U.S. soybean, corn and cotton importsState energy firm Pertamina to buy U.S. Exxon, Chevron products By Stefanno Sulaiman JAKARTA, July 7 (Reuters) - Indonesia will send its main negotiator to the U.S. on Monday...Reuters
Mon, Jul 7
Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates
July 7 (Reuters) - Online spending is expected to surge to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event this week, according to an Adobe Analytics forecast released on Monday, as shoppers seek strong discounts on back-to-school gear ranging from apparel to electronics....Reuters
Mon, Jul 7
ECB says financial stability risks have increased
July 7 (Reuters) - The European Central Bank said on Monday its governing council had found that the risks to euro area financial stability had increased due to a sharp rise in global geopolitical uncertainty. The ECB added the Governing Council's conclusion was drawn at its Macroprudential Foru...Reuters
Mon, Jul 7
Berlin says 'time is money' when it comes to tariff talks with US
BERLIN, July 7 (Reuters) - "Time is money" when it comes to tariff negotiations between the European Union and the United States, a German government spokesperson said on Monday."Time is money in the truest sense of the word," the spokesperson said, adding that Chancellor Friedrich M...Reuters
Mon, Jul 7
Siemens Healthineers does not expect China restrictions to affect business
MUNICH, July 7 (Reuters) - Siemens Healthineers SHLG.DE does not expect the current developments in China to have a material impact on its business, a spokesperson for the German medical technology group said on Monday. "Our strong presence in China is part of the global manufacturing footprint ...Reuters
Mon, Jul 7
GBP/JPY treads water near 197.50 following UK Halifax House Prices, Japan’s wage data
GBP/JPY remains steady after experiencing volatility, trading around 197.30 during the European hours on Monday. The currency cross holds ground following the UK Halifax House Prices data, which climbed 2.5% year-over-year in June, against the 2.6% rise in May.
Fxstreet
Mon, Jul 7
EUR/GBP holds ground near 0.8650 ahead of Eurozone Retail Sales data
EUR/GBP continues to gain ground for the second successive session, trading around 0.8630 during the European hours on Monday. The currency cross receives support following Germany’s improved Industrial Production data release. Traders await Eurozone Retail Sales due later in the day.
Fxstreet
Mon, Jul 7
German industrial output rose more than expected in May
By Maria Martinez July 7 (Reuters) - German industrial production rose more than expected in May thanks to the automotive industry and energy production, the federal statistics office said on Monday.Production rose 1.2% over the previous month, while analysts polled by Reuters had predicted it to...Reuters
Mon, Jul 7
German industrial output rises in May
July 7 (Reuters) - German industrial production rose in May by 1.2% over the previous month, the federal statistics office said on Monday.Analysts polled by Reuters had predicted it to be stable at 0.0%. The office offers more detailed data on its website.Reuters
Mon, Jul 7
