News
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Australia’s Retail Sales rise 0.2% MoM in May vs. 0.4% expected
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.2% MoM in May, compared to a decline of 0.1% in April, the official data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.Fxstreet
Wed, Jul 2
Playing it cool: JOLTS, PMI, construction spending
Nasdaq, S&P 500 red, Dow gainsComm csrv weakest S&P sector; Materials lead gainersEuro STOXX 600 index off ~0.2%Dollar edges up; bitcoin drops; crude gains; gold up >1%US 10-Year Treasury yield rises to ~4.26% Welcome to the home for real-time coverage of markets brought to you by Reuters...Reuters
Wed, Jul 2
US Treasury Sec. Bessent says he is certain the Fed will cut rates by September
US Treasury Secretary Bessent spoke late Tuesday in an interview with Fox. Bessent said that he believes the Federal Reserve (Fed) will cut interest rates earlier than the fall, but they will definitely cut rates by September at the latest.Fxstreet
Wed, Jul 2
US second-quarter auto sales rise, tariffs may drive up prices
By Nathan Gomes July 1 (Reuters) - U.S. auto sales rose in the second quarter fueled by demand for gasoline-powered vehicles, but the industry is bracing for a bumpy latter half to the year as President Donald Trump's tariffs will likely push prices higher.General Motors GM.N retained its top...Reuters
Tue, Jul 1
Bank of America raises dividend after clearing Fed's stress test
July 1 (Reuters) - Bank of America BAC.N hiked its quarterly dividend to 28 cents per share on Tuesday, less than a week after passing the U.S. Federal Reserve's annual stress test. The new dividend will be paid beginning in the third quarter. The bank's previous dividend was 26 cents per sh...Reuters
Tue, Jul 1
TREASURIES-US yields rise after solid data on job openings; impact of tax bill passage muted
Senate passes 'One Big Beautiful Bill'; rates impact mutedJOLTS report boosts Treasury yieldsFed's Powell repeats wait-and-see stance on rate cutsBut Powell doesn't rule out July move; Treasuries briefly rallyBy Gertrude Chavez-Dreyfuss NEW YORK, July 1 (Reuters) - U.S. Treasury y...Reuters
Tue, Jul 1
Trump mulls 35% tariffs on Japan, may not extend July 9 tariff deadline
US President Donald Trump hit the newswires hot and fast on Tuesday, mulling over the possibility of adding additional tariffs on Japan and not extending the self-imposed July 9 deadline on the currently-suspended reciprocal tariffs.Fxstreet
Tue, Jul 1
Peru's economy expected to grow up to 3.5% in 2025, minister says
By Marco AquinoLIMA, July 1 (Reuters) - Peru's economy is expected to grow between 3.0% and 3.5% in 2025, economy minister Raul Perez said on Tuesday, lower than the government had previously anticipated and compared to 3.33% growth logged last year.Perez told a press conference he did not see &...Reuters
Tue, Jul 1
Fed hawks and doves: what US central bankers are saying
By Ann Saphir July 1 (Reuters) - President Donald Trump is deeply unhappy with the Federal Reserve after it again left its benchmark interest rate unchanged in the 4.25%-4.50% range at its June 17-18 meeting, and he is thinking about replacements for Fed Chair Jerome Powell some 10 months before ...Reuters
Tue, Jul 1
EV group urges US House to restore electric vehicle tax credits
July 1 (Reuters) - An electric vehicle advocacy group on Tuesday urged the U.S. House to revise a bill passed by the Senate that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30, as well as the $4,000 tax credit for used EVs.The Electrification Coalition said ...Reuters
Tue, Jul 1
WRAPUP 1-US job market surprises with increased openings in May
Job openings increase 374,000 to 7.769 millionHires decline 112,000 to 5.503 millionManufacturing remains subdued in JuneBy Lucia Mutikani WASHINGTON, July 1 (Reuters) - U.S. job openings unexpectedly increased in May, but a decline in hiring added to signs that the labor market had shifted into ...Reuters
Tue, Jul 1
