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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
Kenya looks to privatise state assets to draw private-sector investments, says President Ruto
LONDON, July 2 (Reuters) - Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. The government plans to start with listing the Kenya Pipelin...Reuters
Wed, Jul 2
BoE's Taylor warns soft landing for UK economy at risk, sees more rate cuts
By Suban Abdulla and Andy BruceLONDON, July 2 (Reuters) - Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain's economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather than four."Previously, I had seen...Reuters
Wed, Jul 2
Kenya looks to IPO state assets to draw private-sector investments, says President Ruto
LONDON, July 2 (Reuters) - Kenya is earmarking state assets for initial public offering in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. The government plans to start with listing the Kenya Pipeline Company via an ...Reuters
Wed, Jul 2
Morning News Call - Canada, July 2
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 EVENTS0930 S&P Glo...Reuters
Wed, Jul 2
ECB should keep rates at 2% unless new shocks hit, IMF says
SINTRA, Portugal, July 2 (Reuters) - The European Central Bank should keep its deposit rate at the current 2% level unless new shocks materially change the inflation outlook, Alfred Kammer, head of the IMF's European Department, said on Wednesday.The ECB has cut rates by two percentage points si...Reuters
Wed, Jul 2
USD/CNH: Likely to trade in a range between 7.1530 and 7.1730 – UOB Group
The current price movements are likely part of a range trading between 7.1530 and 7.1730. In the longer run, downward momentum has increased further; if USD breaks below 7.1450, the next level to monitor is 7.1300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jul 2
Japan invokes national interest as tariff talks with US struggle
Ishiba emphasizes Japan's investment in US, aims to protect national interests Japan seeks exemption from US auto tariffs amid stalled negotiationsOpposition criticizes Ishiba's negotiation strategyBy Makiko Yamazaki TOKYO, July 2 (R...Reuters
Wed, Jul 2
Tesla's June China-made EV sales see first rise in 9 months, but quarterly fall continues
Tesla's June China-made EV sales +0.8% y/y, 1st rise in 9 monthsQ2 China-made deliveries fall 6.8% y/y, third such fall in a rowSees heightened threat from Chinese rivals BEIJING, July 2 (Reuters) - Tesla's TSLA.O sales of its China-made electric vehicles edged up 0.8% in June from a ye...Reuters
Wed, Jul 2
Venezuela's oil exports on the rise as more cargoes head to China
PDVSA ramps up sales to independent refiners in ChinaCountry exported 844,000 bpd of crude, fuel and 233,000 tons of byproducts in JuneJune exports pushed up by more sales of Boscan heavy crudeJuly 2 (Reuters) - Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% i...Reuters
Wed, Jul 2
REFILE-BoE's Taylor says soft landing for UK economy is at risk
July 2 (Reuters) - Bank of England policymaker Alan Taylor, who has voted repeatedly to cut interest rates, said on Wednesday that a soft landing for Britain's economy was now at risk."I would say now that soft landing is at risk. In my view, we've seen the economy slowing down," Tay...Reuters
Wed, Jul 2
