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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
UK factory downturn shows signs of easing, morale ticks up, PMI shows
LONDON, July 1 (Reuters) - Britain's manufacturing sector showed some signs of turning a corner in its long slump and businesses pushed up their prices in June to offset higher labour costs, according to a survey published on Tuesday.Reuters
Tue, Jul 1
The ECB's strategy review: only small tweaks? – Rabobank
The ECB concluded its strategy assessment yesterday. The review does not suggest major changes in the conduct of monetary policy, nor in the communication of its policy decisions, Rabobank's Senior Macro Strategist Bas van Geffen reports.Fxstreet
Tue, Jul 1
Treasury's Bessent 'confident' China will uphold rare earths deal - Fox News
July 1 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was confident that China will uphold its recent agreement to accelerate the pace of rare earth minerals and magnet shipments."We are hoping they will flow at a faster rate," Bessent said in a Fox News interview. "...Reuters
Tue, Jul 1
"We are very close with India" on trade deal, Bessent tells Fox News
July 1 (Reuters) - The U.S. and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said on Tuesday"We are very close with India,"...Reuters
Tue, Jul 1
US Treasury's Bessent expects Senate will pass Trump bill on Tuesday
July 1 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he expects the Senate to pass President Donald Trump's "Big Beautiful Bill" by the afternoon."I think we'll get Senate approval this afternoon," he told Fox News in an interview.Reuters
Tue, Jul 1
WRAPUP 2-GLOBAL ECONOMY-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 Jonathan Cable and Leika Kihara LONDON/TOKYO, July 1 (Reuters) - Worries over future U.S. tariffs are clouding the outlook...Reuters
Tue, Jul 1
New Tesla sales in Spain rise 61% in June
July 1 (Reuters) - Tesla's TSLA.O new car sales in Spain rose 60.7% in June from the same month in 2024 to 2,632 vehicles, registration data released by industry group ANFAC showed on Tuesday, as sales of all electrified cars more than doubled.In the first half of the year though sales of Tesla ...Reuters
Tue, Jul 1
USD/CNH: Measured pace – OCBC
USD/CNH continued to trade lower in subdued ranges near its recent lows. USD/CNH last at 7.1560 levels. Daily momentum is showing tentative signs of turning mild bearish but decline in RSI shows signs of moderation, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Jul 1
