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Saudi Arabia raised crude exports in June, Kpler data shows
LONDON, July 1 (Reuters) - Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to overseas storage amid fears of possible supply disruptions owing to conflict in the Middle East.OPEC's biggest producer has intervened in oil mar...Reuters
Tue, Jul 1
Euro zone bond yields dip as inflation hits ECB target, central banks in focus
By Samuel Indyk LONDON, July 1 (Reuters) - Euro zone government bond yields fell slightly on Tuesday but remained within their recent range as inflation in the bloc returned to the European Central Bank's target level.Inflation in the 20 nations sharing the euro currency crept up to 2.0% in J...Reuters
Tue, Jul 1
Mexico remittances dip 5% in May as US mulls tax
MEXICO CITY, July 1 (Reuters) - Remittances sent to Mexico dropped 4.6% in May compared to a year earlier, according to central bank data published on Tuesday, as the United States prepares to implement a tax on the transfers sent by workers to their families back home.The figure for May hit some $5...Reuters
Tue, Jul 1
US construction spending falls again in May
WASHINGTON, July 1 (Reuters) - U.S. construction spending fell in May as higher mortgage rates and rising inventory weighed on single-family housing projects. The Commerce Department's Census Bureau said on Tuesday that construction spending dropped 0.3% after an upwardly revised 0.2% decline in...Reuters
Tue, Jul 1
Switzerland faces downside risks if full US tariffs bite, IMF says
By John Revill BERN, July 1 (Reuters) - The Swiss economy faces significant downside risks if the country is hit by the full force of looming U.S. tariffs, the International Monetary Fund said on Tuesday.The IMF expects the Swiss economy to grow by 1.3% this year, slightly up from the 1.2% foreca...Reuters
Tue, Jul 1
US job openings unexpectedly rise in May, hiring falls
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 lower gear amid uncertainty over the Trump administration's tariffs on imports, with a 90-day pause on higher reciprocal duties drawing to...Reuters
Tue, Jul 1
WRAPUP 3-Tariff risks muddy global outlook for factories
Euro zone factories stabilise, index still below 50 UK manufacturing showed some signs of turning a cornerChina's private PMI expands in June, confounds official surveyBy Lucia Mutikani, Jonathan Cable, Leika Kihara WASHINGTON/LONDON/TOKYO, July 1 (Reuters) - Worries over future U.S. tariffs ...Reuters
Tue, Jul 1
US manufacturing mired in weakness as tariffs bite
Manufacturing contracts for fourth straight monthPrices paid for inputs measure edges upNew orders, employment gauges declineBy Lucia Mutikani WASHINGTON, July 1 (Reuters) - U.S. manufacturing remained sluggish in June, with new orders subdued and prices paid for inputs creeping higher, suggestin...Reuters
Tue, Jul 1
Powell reiterates Fed will wait for more data before cutting rates
SINTRA, Portugal, July 1 (Reuters) - U.S. Federal Reserve chair Jerome Powell reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and de...Reuters
Tue, Jul 1
