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Japan's economy minister warns of negative impact from rise in yields
TOKYO, June 11 (Reuters) - Japan's Economic Revitalisation Minister, Ryosei Akazawa, said on Wednesday sharp rises in Japanese government bond yields could have an undesirable impact on the economy."If interest rates rise sharply, that could increase the cost of financing Japan's debt,&#...Reuters
Wed, Jun 11
ANALYSIS-As US trade truce gets back on track, some Chinese exporters are 'slowly dying'
U.S.-China trade talks in London expected to restore trade truceBut tariff pain ongoing in China, small exporters strugglingSome firms are selling at a loss, others are delaying wagesWashington likely to use tariff damage on China as leverageBut Beijing can still bear more pain than Washington-analy...Reuters
Wed, Jun 11
World Bank, OECD, and IMF All Cut 2025 Economic Growth Forecasts Due to Trump’s Tariffs
TradingKey - Following the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), the World Bank has now also downgraded its forecast for global economic growth in 2025, warning that the 2020s may become the slowest-growing decade since the 1960s.TradingKey
Wed, Jun 11
EU aims for US trade talks to extend past Trump’s July deadline – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the European Union (EU) believes trade negotiations with the United States (US) to extend beyond President Donald Trump’s July 9 deadline.Fxstreet
Wed, Jun 11
Germany's imports from Russia fall by 95% since start of Ukraine war
June 11 (Reuters) - Germany's imports of goods from Russia fell by 95% in the 2021-2024 period while its exports of goods to Russia were cut by 72%, the country's statistics office Destatis reported on Wednesday.The European Union as a whole cut its imports from Russia by 78% and exports by ...Reuters
Wed, Jun 11
Euro zone yields mixed before US data, markets await details on US-China deal
By Stefano Rebaudo June 11 (Reuters) - Euro zone government bond yields were mixed on Wednesday as investors awaited U.S. consumer price index data later in the session and details of the outcome of trade talks between the U.S. and China.U.S. and Chinese officials agreed on a framework to put the...Reuters
Wed, Jun 11
Poland - Factors to Watch June 11
WARSAW, June 11 (Reuters) - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):VOTE OF CONFIDENCEA vote of confidence in Poland's government will take place on Wednesday, as Prime Minister Donald Tusk seeks to regain the initi...Reuters
Wed, Jun 11
USD/MXN remains on the defensive near 19.00 ahead of US CPI release
The USD/MXN pair remains on the defensive near 19.05 during the early European session on Wednesday. The Mexican Peso (MXN) strengthens against the US Dollar (USD), its strongest level in more than nine months, bolstered by a potential trade deal between the United States and Mexico.
Fxstreet
Wed, Jun 11
REFILE-WRAPUP 1-Tariffs expected to lift underlying US consumer prices in May
Consumer price index forecast to increase 0.2% in MayCPI estimated to have advanced 2.5% year-on-yearCore CPI seen rising 0.3%; climbing 2.9% year-on-yearBy Lucia Mutikani WASHINGTON, June 11 (Reuters) - U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but...Reuters
Wed, Jun 11
US Dollar Index stays above 99.00 ahead of US CPI data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading higher at around 99.10 during the Asian hours on Wednesday.Fxstreet
Wed, Jun 11
Trade war resolution may require concessions from all, ECB's Lagarde says
FRANKFURT, June 11 (Reuters) - Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday.The United States se...Reuters
Wed, Jun 11
