News
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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
