News
Important Only
A Big Rally for U.S. Treasury Bulls? June NFP Jobs Report Is Expected to Disappoint while Trump’s Tax Bill Faces Final House Vote
TradingKey - The U.S. June ADP employment data unexpectedly declined, signaling a slowdown in the labor market. U.S. Treasury bulls are now waiting for June’s potentially weaker-than-expected nonfarm payrolls report, which may reinforce expectations of a July rate cut by the Federal Reserve.TradingKey
Thu, Jul 3
European shares edge up on trade optimism
July 3 (Reuters) - European shares rose on Thursday, lifted by easing Sino-U.S. tensions and renewed optimism over global agreements following a U.S.–Vietnam pact ahead of the July 9 tariff deadline. The pan-European STOXX 600 index .STOXX advanced 0.4% at 543.26 points, as of 0705 GMT. Other..Reuters
Thu, Jul 3
As trade war truce with China holds, US lifts curbs for chip design software and ethane
NEW YORK, July 3 (Reuters) - The United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions including concessions from Beijing over rare earths.Reuters
Thu, Jul 3
EV maker Polestar to produce new model in Europe
STOCKHOLM, July 3 (Reuters) - Sweden-based electric vehicle maker Polestar PSNY.O said on Thursday its upcoming SUV model Polestar 7 will be manufactured at Volvo Cars' VOLCARb.ST under-construction factory in Slovakia, making it its first car to be made in Europe.
Reuters
Thu, Jul 3
House Republicans advance Trump's tax-cut bill to a final vote
Trump scores victory after marathon sessionFinal vote expected early Thursday morning Bill could add $3.4 trillion to national debt over a decadeRepublicans aiming to meet Trump's July 4 deadlineBy Bo Erickson, David Morgan and Richard Cowan WASHINGTON, July 3 (Reuters) - Republicans in the H...Reuters
Thu, Jul 3
SEC Halts Grayscale’s GDLC ETF — But Analysts Still See 90% Chance for Altcoin ETF Approvals
On July 3, the U.S. Securities and Exchange Commission (SEC) unexpectedly paused the conversion of Grayscale’s Digital Large Cap Fund (GDLC) into a spot ETF, announcing a formal review just one day after initially approving the move.
JGBs fall as fiscal concerns cast pall on 30-year auction
By Rocky Swift and Junko Fujita TOKYO, July 3 (Reuters) - Japanese government bonds fell on Thursday as concerns about stubbornly wide fiscal deficits overshadowed the finance ministry's first auction of super-long debt under a reduced-issuance scheme introduced in response to record-high yie...Reuters
Thu, Jul 3
South Korea's Lee pledges 'bold' economic policy after martial law crisis
Lee says economic recovery a top priority of new governmentLiberal leader marks 30 days in office in race to restore normalcy after martial law crisisLee says US tariff talks 'not easy', uncertain deal possible by July 8 deadline'Foolish' not to talk to North Korea, Lee saysBy Josh S...Reuters
Thu, Jul 3
Siemens restores full access to chip software in China
Siemens AG has received a notice from the US government to resume sales of chip software in China.The company stated that the German provider has reinstated full access to its software and technology for its Chinese customers.Cryptopolitan
Thu, Jul 3
GLOBAL MARKETS-Asian shares tick up ahead of US payrolls test; Trump's tax bill in focus
SYDNEY, July 3 (Reuters) - Asian shares edged higher on Thursday as investors braced for a key U.S. jobs report that may justify imminent rate cuts by the Federal Reserve and waited on the passage of a massive U.S. tax and spending bill in Congress.Reuters
Thu, Jul 3
INDIA RUPEE-Rupee supported by hopes of India-US trade deal, weak US jobs data
MUMBAI, July 3 (Reuters) - The Indian rupee is likely to open marginally higher on Thursday, supported by an uptick in most Asian currencies on optimism over signing trade deals with the United States before the tariff deadline.Reuters
Thu, Jul 3
