News
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Tesla sales drop again around Europe despite Model Y revamp
Tesla July registrations down 86% in Sweden, 27% in FranceThey were up 83% in Norway and 27% in Spain Model Y sales down 88% in Sweden, up fourfold in NorwayMusk: regulatory issues make it harder to sell in EuropeBy Alessandro Parodi Aug 1 (Reuters) - Registrations of new Tesla TSLA.O cars in sev...Reuters
Fri, Aug 1
Brazil's industrial output resumes growth, but falls short of expectations in June
SAO PAULO, Aug 1 (Reuters) - Brazil's industrial production rose by less than expected in June, according to statistics agency IBGE on Friday, as tight monetary policy shows signs of cooling the sector while tariffs announced by U.S. President Donald Trump start to squeeze global demand. After ...Reuters
Fri, Aug 1
Tesla sales in Portugal slump 48.5% in July, total EVs rise
Aug 1 (Reuters) - Tesla's TSLA.O new car registrations in Portugal fell 48.5% in July from a year ago to 284 units, as overall new registrations of light electric vehicles rose about 9.5%, the country's automobile industry association ACAP said on Friday.In the January-July period, Tesla sal...Reuters
Fri, Aug 1
Tesla's new car sales in Italy down 5% y/y in July
MILAN, Aug 1 (Reuters) - Tesla's TSLA.O new car registrations fell for a third month in a row in Italy in July, posting a 5% year-on-year decline, data from the transport ministry showed on Friday.The U.S. electric vehicles maker sold only 457 cars in Italy in July, as usual a relatively low num...Reuters
Fri, Aug 1
Fed's Bostic admits Fed is in a "difficult environment" as jobs data flashes warning signs
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an ingoing concern, especially as the Trump administrFxstreet
Fri, Aug 1
TREASURIES-US yields sink after soft payrolls boost chances of September rate cut
US two-year yields drop to lowest in five weeksFed seen as likely to cut rates in September, futures show 81% chanceManufacturing PMI contracts for fifth month, factory employment hits five-year lowBy Gertrude Chavez-Dreyfuss NEW YORK, Aug 1 (Reuters) - U.S. Treasury yields plunged after data sho...Reuters
Fri, Aug 1
Mexico remittances down 16% in June
MEXICO CITY, Aug 1 (Reuters) - Remittances to Mexico shrunk 16.2% in June compared to the same month a year earlier, data from the country's central bank showed on Friday, marking the third month of year-on-year declines.It's the largest percentage drop in remittances since September 2012, a...Reuters
Fri, Aug 1
Fed's Bostic: It's possible risks are rising for job market - CNBC
By Michael S. DerbyAug 1 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said Friday that July jobs data could mean risks are rising for the labor sector but he's not yet ready to change his outlook for the economy until he sees more data. Speaking on CNBC, Bostic said he do...Reuters
Fri, Aug 1
POLL-Russian rouble expected to weaken by 20% in next 12 months, poll shows
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUGDPYAP Poll dataMedian inflation forecast is 6.7% in 2025Rouble is seen weakening to 100 vs dollar in 12 monthsGDP growth seen at 1.5% in 2025By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Aug 1 (Reuters) - The Russian rouble...Reuters
Fri, Aug 1
Stocks, Bonds, and the Dollar All Fall — U.S. Jobs Report Disappoints: Is a September Rate Cut Now Certain?
TradingKey - The U.S. July jobs report came in far weaker than expected, compounded by disappointing guidance from tech giant Amazon, sending U.S. stocks sharply lower on Friday. Investor bets on a Federal Reserve rate cut surged, with the probability of a September cut jumping to 80.5%TradingKey
Fri, Aug 1
US construction spending extends decline in June
WASHINGTON, Aug 1 (Reuters) - U.S. construction spending dropped further in June amid a sharp decline in outlays on single-family housing projects because of higher mortgage rates and rising inventory.The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% aft...Reuters
Fri, Aug 1
Euro zone yields drop, markets boost bets on ECB rate cuts after US data
By Stefano Rebaudo Aug 1 (Reuters) - Euro area bond yields fell on Friday after data showed the U.S. economy created fewer jobs than expected, increasing the likelihood that the Federal Reserve will cut rates next month.U.S. jobs growth slowed while the prior month's data was revised sharply ...Reuters
Fri, Aug 1
