News
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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
ISM Services PMI Preview: US services sector expected to expand in July
On Tuesday, the Institute for Supply Management (ISM) will unveil its July Services PMI, and analysts expect it to edge up to 51.5 from June’s 50.8. That would mark a second straight month of growth in the services sector — a sign of its resilience and a boost to confidence in the wider US economy.Fxstreet
Tue, Aug 5
Euro zone business growth inched up in July but remained subdued, PMI shows
LONDON, Aug 5 (Reuters) - Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped, a survey showed on Tuesday.The HCOB Eurozone Composite Purchasing Managers' Index, compiled by S&P Global, edged up to 50.9 in July from 50...Reuters
Tue, Aug 5
Hugo Boss CFO Says The Co Plans To Increase Prices For Spring Campaign 2026 - Media Call
Aug 5 (Reuters) - HUGO BOSS AG BOSSn.DE:HUGO BOSS CFO: PLANNING TO INCREASE PRICES FOR SPRING CAMPAIGN 2026 IN LOW TO MID SINGLE DIGIT RATE - MEDIA CALLHUGO BOSS CFO: CONSUMER SENTIMENT IN NORTH AMERICA IS STILL RELATIVELY WEAK - MEDIA CALLHUGO BOSS CFO: WILL INCREASE PRICES GLOBALLY - MEDIA CALLHUG...Reuters
Tue, Aug 5
A Swiss watch icon navigates Trump's tariff uncertainty
Swatch's US inventory helps with tariffs, CEO saysSwiss president should travel to US to resolve issue - CEOUS generated 18% of company's 2024 sales, analysts sayNew 39% tariff rate to be implemented from ThursdaySwiss government racing to defuse tariff threatBy John Revill ZURICH, Aug 4 ...Reuters
Tue, Aug 5
USD/CHF strengthens to near 0.8100 amid US-Swiss trade tensions
The USD/CHF pair trades in positive territory around 0.8090 during the early European session on Tuesday. The Swiss Franc (CHF) softens against the Greenback after US President Donald Trump hit Switzerland with a shock 39% export tariff.Fxstreet
Tue, Aug 5
