News
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Morning News Call - Canada, August 5
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Trade Balan...Reuters
Tue, Aug 5
Brazil central bank flags uncertainty over US tariffs, significant sectoral impacts
BRASILIA, Aug 5 (Reuters) - Brazil's central bank said on Tuesday that steeper U.S. tariffs on goods from the country could have "significant" sectoral impacts, while broader macroeconomic effects remain uncertain and will depend on how negotiations evolve and risk perceptions.In the min...Reuters
Tue, Aug 5
USD/CNH: 7.1600 is not expected to come under threat – UOB Group
There is a chance for USD to drop below 7.1750; the major support at 7.1600 is not expected to come under threat. In the longer run, US Dollar (USD) appears to have moved into a 7.1600/7.2240 range trading phase against Chinese Yuan (CNH), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Aug 5
Intel struggles with key manufacturing process for next PC chip, sources say
Intel's 18A yield for Panther Lake chips has remained lowTimeline and newer tech risk failure, likened to 'Hail Mary' effortIntel's CFO optimistic about improvement by year-endBy Jeffrey Dastin and Max A. Cherney
Reuters
Tue, Aug 5
Euro zone yields steady after PMI data; Italian spreads continue to tighten
LONDON, Aug 5 (Reuters) - Euro zone bond yields held steady on Tuesday with the gap between Italian yields and those of Germany and France at around its narrowest in years, and business activity was the only data report in a light day for scheduled events.Germany's 10-year yield, the benchmark f...Reuters
Tue, Aug 5
Trump's poison pill on Swiss National Day – Commerzbank
Market participants with ties to Switzerland were probably not too pleased when the US administration announced new tariffs for a large number of countries at the end of last week: alongside Brazil, which will now have to pay significantly higher tariffs for political reason, Switzerland is the onlyFxstreet
Tue, Aug 5
Tesla's German car sales more than halved in July
Aug 5 (Reuters) - Tesla's TSLA.O sales volume in Germany more than halved in July, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 1,110 cars in Germany in July, down by 55.1% from a year earlier. The number of Tesl...Reuters
Tue, Aug 5
Tesla's German car sales more than halved in July
Aug 5 (Reuters) - Tesla's TSLA.O sales volume in Germany more than halved in July, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 1,110 cars in Germany in July, down by 55.1% from a year earlier. The number of Tesl...Reuters
Tue, Aug 5
Chinese auto industry body upgrades 2025 sales, exports forecasts
BEIJING, Aug 5 (Reuters) - China's car sales are forecast to grow by 6% this year while car export growth will likely hit 14%, the China Passenger Car Association said on Tuesday, upgrading its predictions for both metrics.The revision was based on "better-than-expected" shipments in bot...Reuters
Tue, Aug 5
CHF: Praying for a last minute deal – ING
Switzerland is very much preoccupied with the 39% US tariffs due to come into force later this week. The Swiss government is already discussing short-time worker compensation in the event of layoffs - clearly preparing for the worst, ING's FX analyst Chris Turner notes.
UK services sector orders fall by most since 2022, PMI shows
By David Milliken LONDON, Aug 5 (Reuters) - Businesses in Britain's services sector reported the biggest drop in new orders in July since November 2022 and cut staffing by the most in six months, according to a survey on Tuesday that may add to the Bank of England's worries about growth.B...Reuters
Tue, Aug 5
