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Mercosur, four-nation European trade bloc seal sweeping trade deal
Agreement could be finalized in second half of 2025Deal to create a free trade area of 300 million peopleWork continues for long-delayed Mercosur-EU trade dealMercosur agrees to add tariff exemptions, in nod to USBy Lisandra Paraguassu and Lucila Sigal BUENOS AIRES/BRASILIA, July 2 (Reuters) - So...Reuters
Wed, Jul 2
REFILE-Fed's Barkin says slowed immigration will make jobs report hard to decipher - Fox Business
WASHINGTON, July 2 (Reuters) - The impact of slowed immigration on the U.S. labor force will make it hard to decipher what coming jobs data says about the strength of the economy, Richmond Fed president Tom Barkin said on Wednesday.Employment data for June will be released on Thursday, and determini...Reuters
Wed, Jul 2
Fed's Barkin: Expect some tariff inflation, but also consumer pushback
Federal Reserve (Fed) Bank of Richmond President Tom Barkin gave an interview on Fox Business on Wednesday, reaffirming that the Fed is broadly in no rush to cut interest rates in the face of potential fallout from the Trump administration's tariffs.Fxstreet
Wed, Jul 2
Federal workforce held steady in early months of Trump administration, data shows
Trump administration reports 23,000 fewer federal jobs since SeptemberSocial Security Administration sees decline in workforceHomeland Security employment risesBy Courtney Rozen and Jason LangeWASHINGTON, July 1 (Reuters) - President Donald Trump's administration on Tuesday reported having 2.3 ...Reuters
Wed, Jul 2
TABLE-US light-vehicle sales volumes in Q2 2025
July 2 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q2 2025: AUTOMAKERQ2 2025Q2 2024PCT CHNG1General Motors746,588696,0867.3%2Toyota Motor^^666,469621,5497.2%3Ford Motor612,095536,05014.2%4Honda Motor Co^^^387,574356,4578.7%5Fiat Chrysler309,976344,993-10.2%6Hyundai235,72...Reuters
Wed, Jul 2
Mexico pre-pays $3.6 bln in sovereign bonds scheduled to mature in 2026
MEXICO CITY, July 2 (Reuters) - Mexico's Finance Ministry said on Wednesday the country is pre-paying two sovereign bonds originally scheduled to mature in 2026, worth $3.593 billion."These operations allow for minimizing the external debt amortizations scheduled for next year, providing gre...Reuters
Wed, Jul 2
Brazil's industrial output falls for second straight month in May
SAO PAULO, July 2 (Reuters) - Industrial production in Brazil fell for the second consecutive month in May, data from the statistics agency IBGE showed on Wednesday, as Latin America's largest economy provides signs of a slowdown amid stiflingly high interest rates.Output was down 0.5% in May fr...Reuters
Wed, Jul 2
US crude and gasoline inventories rise on lower exports, demand, EIA says
By Liz Hampton and Laila KearneyDENVER, July 2 (Reuters) - U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday.Crude inventories rose by 3.8 million barrels to 419 million barrels i...Reuters
Wed, Jul 2
US crude stocks and gasoline inventories rise, distillate inventories fall - EIA
DENVER, July 2 (Reuters) - U.S. crude stocks and gasoline inventories rose while distillate inventories fell in the week ending June 27, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.8 million barrels to 419 million barrels last week, the EIA said, compared with...Reuters
Wed, Jul 2
WRAPUP 1-US private payrolls post first drop in more than two years; layoffs still low
Private payrolls drop 33,000 in JuneADP historically is poor predictor of official nonfarm payrollsChallenger report shows sharp drop in layoffsBy Lucia Mutikani WASHINGTON, July 2 (Reuters) - U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty ham...Reuters
Wed, Jul 2
Canada factory PMI falls in June as firms slash production
By Fergal SmithTORONTO, July 2 (Reuters) - The downturn in Canada's manufacturing sector deepened in June as U.S. tariffs undercut demand, spurring the sharpest cut to output in five years, data on Wednesday showed.The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) edge...Reuters
Wed, Jul 2
TREASURIES -US two-year yields dip after surprise drop in private-sector jobs
By Gertrude Chavez-Dreyfuss NEW YORK, July 2 (Reuters) - U.S. Treasury two-year yields slipped on Wednesday after data showed an unexpected drop in private-sector jobs last month, cementing the chances of a rate cut from the Federal Reserve at least at the September meeting.U.S. two-year yields, ...Reuters
Wed, Jul 2
TREASURIES -US two-year yields turn lower after drop in private sector jobs
NEW YORK, July 2 (Reuters) - U.S. Treasury two-year yields turned lower on Wednesday after data showed an unexpected drop in private sector jobs last month, raising the chances of a rate cut from the Federal Reserve at the July meeting.U.S. two-year yields, which track interest rate expectations, fe...Reuters
Wed, Jul 2
US private payrolls unexpectedly decrease in June; layoffs remain low
WASHINGTON, July 2 (Reuters) - U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than initially thought, the ADP National Employment Report showed on Wednesday.Private payrolls dropped by 33,000 jobs last month after a downwardly revised 29,000 increase in...Reuters
Wed, Jul 2
