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POLL-Mexico's central bank to cut rates by 25 basis points to 7.75% on August 7
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=MXCBIR%3DECI poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MXGDPAP Mexico GDP dataBy Gabriel Burin BUENOS AIRES, Aug 1 (Reuters) - Mexico's central bank will cut its key interest rate by 25 ba...Reuters
Fri, Aug 1
New Tesla sales in Spain rise 27% in July, other EV sales more than double
Aug 1 (Reuters) - Tesla's TSLA.O new car sales in Spain rose 27% in July from the same month in 2024 to 702 vehicles, registration data released by industry group ANFAC showed on Friday, while sales of electrified cars as a whole skyrocketed, with a 155% rise.Sales of Tesla cars in Spain were up...Reuters
Fri, Aug 1
China: Soft start to H2 – Standard Chartered
Official manufacturing PMI fell to a three-month low of 49.3 in July as demand weakened. IP and export growth may have moderated on tariff impact and fading front-loading activity. FAI and retail sales growth likely recovered from June’s drop, partly due to normalisation.Fxstreet
Fri, Aug 1
India's Andhra Pradesh state approves up to $600 million for electronic parts production
Aug 1 (Reuters) - India's southern state of Andhra Pradesh on Friday approved a draft scheme offering $600 million in incentives to boost local manufacturing of electronics components.In March this year, India's federal government approved a similar plan worth a larger 229.19 billion rupees ...Reuters
Fri, Aug 1
Bangladesh secures 20% US tariff for garments, exporters relieved
Bangladesh secures 20% tariff on key garment exports to USIndia faces higher 25% tariff on apparel shipmentsPakistani exporters cautious about impact of 19% tariffBy Ruma Paul DHAKA/KARACHI/AHMEDABAD, Aug 1 (Reuters) - Bangladesh has negotiated a 20% tariff on exports to the U.S., down from the 3...Reuters
Fri, Aug 1
Euro zone inflation holds at ECB target, supporting case for steady rates
Headline inflation unchanged at 2.0%Core inflation unchanged at 2.3%Markets reducing bets on further rate cutsChinese dumping amid trade war a key uncertaintyBy Balazs Koranyi FRANKFURT, Aug 1 (Reuters) - Euro zone inflation held steady at the ECB's 2% target in July, confirming the bank'...Reuters
Fri, Aug 1
WRAPUP 7-Trump hits dozens more countries with steep tariffs
Mexico avoids 30% tariff on non-automotive, non-metals goodsA 35% tariff on many Canadian goodsBrazil hit with 50% tariff, some sectors excludedChina trade deal not finalized, August 12 deadline loomsTrump administration teases additional trade dealsBy David Lawder, Trevor Hunnicutt and Aida Pelaez-...Reuters
Fri, Aug 1
Taiwan says 20% U.S tariff is temporary; separate rate for chips in focus
Taiwan government seeking more favourable rateUS official says Taiwan's offer well-received, final deal closeTariffs for chips, electronics and other tech are part of a separate discussion By Yimou Lee and Wen-Yee Lee TAIPEI, Aug 1 (Reuters) - Taiwan President Lai Ching-te said on Friday tha...Reuters
Fri, Aug 1
UK factories edge closer to end of downturn, PMI suggests
LONDON, Aug 1 (Reuters) - Britain's manufacturers - hit in recent months by trade wars and higher taxes - moved closer to a return to growth in July and executives were their most optimistic in five months, according to a survey published on Friday.The S&P Global/CIPS manufacturing Purchasin...Reuters
Fri, Aug 1
Euro zone manufacturing approached stability in July as PMI hits three-year high
LONDON, Aug 1 (Reuters) - Euro zone manufacturing moved closer to stabilization in July as factory activity contracted at its slowest pace in three years, despite a dip in new orders and slower output growth, a survey showed.The HCOB Eurozone Manufacturing Purchasing Managers' Index, compiled by...Reuters
Fri, Aug 1
Dow Jones futures fall due to US tariff concerns, US NFP eyed
Dow Jones futures decline ahead of the US market opening on Friday, trading around 44,100, down by 0.46%, during European hours. Meanwhile, S&P 500 futures are down by 0.41% to near 6,350, and Nasdaq 100 futures decline 0.46% to trade near 23,250.Fxstreet
Fri, Aug 1
