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US officials reportedly seeking leaner trade deals before Trump’s tariff deadline - FT
US President Donald Trump’s top trade officials are scaling back their ambitions for comprehensive reciprocal agreements with trading partners. They are looking for narrower deals to avert the looming reimposition of US tariffs, per the Financial Times.Fxstreet
Tue, Jul 1
GLOBAL ECONOMY-Asian factories hobbled by US tariff risks despite modest relief
TOKYO, July 1 (Reuters) - Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region's gloomy economic recovery prospects.Reuters
Tue, Jul 1
Resale home prices drop at faster pace in China, private survey shows
BEIJING, July 1 (Reuters) - China's resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed on Tuesday.Resale home prices dropped 0.75% in June, compared with a 0.7...Reuters
Tue, Jul 1
Australian Dollar remains subdued following China’s Caixin Manufacturing PMI
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after registering more than 0.50% losses in the previous session. The AUD/USD pair loses ground as Australia’s S&P Global Manufacturing Purchasing Managers’ Index (PMI) falls to 50.6 in June from the previous 51.0.
Fxstreet
Tue, Jul 1
China's factory activity returns to growth in June, Caixin PMI shows
Caixin PMI shows factory activity expands New export orders contracts for third straight monthMajor stimulus measures from key meeting unlikely: economists BEIJING, July 1 (Reuters) - China's factory activity returned to expansion in June, supported by an increase in new orders that lifted pr...Reuters
Tue, Jul 1
Trump hammers Powell again as Bessent mulls Fed power transition timeline
Trump sends personal note to Powell on ratesTrump on social media says policy rate should be 1%Fed officials waiting on tariff impactBy Michael S. Derby and Howard Schneider June 30 (Reuters) - President Donald Trump on Monday continued hammering at the U.S. Federal Reserve to ease monetary policReuters
Tue, Jul 1
