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President Donald Trump Just Proclaimed, "Tariffs Don't Cause Inflation, They Cause Wealth," but Data From Federal Reserve Economists Show Otherwise
Statistically speaking, tariffs have been bad news for Wall Street and consumers....
Luxury groups’ value drops by €250bn as Chinese consumer demand fades
Slowdown in China and cooling global stock markets are exacerbating a downturn for European sector...
Bolsonaro and Lula face off in knife-edge Brazil election
Rightwing challenger seeks to oust leftist president and bring Latin America’s largest country close...
Euro: Rate support seen fading gradually against US Dollar – MUFG
MUFG’s Derek Halpenny says the ECB’s latest communication supports a likely September rate hike, now almost fully priced, but warns that Euro support may fade as energy costs rise.
Banco de Sabadell, S.A. reports Q2 results
Stock Futures Rise as Oil Prices Dip After AI Selloff
Stocks looked set to struggle for direction on Friday as a drop in oil prices eased fears about higher inflation, even as artificial-intelligence jitters lingered. Nasdaq 100 futures rose 0.1%. The ...
Nasdaq, S&P 500 Futures Mixed As Oil Surge, Trump Tariffs Cloud Market Outlook: Why INTC, TSLA, SPCX, ORCL, SLS Are In Focus
Stocktwits data showed retail sentiment is weak, with a shift toward ‘extremely bearish’ on SPY and QQQ.
Market turns uneasy with latest developments
The USD gained in the FX market fuelled on a fundamental level by worries about inflation, the escalation of the war in the Middle East and Trump’s efforts to restart the trade war with tariffs.
U.S. Prioritizes Small Nuclear Reactors Across Southeast Asia
The U.S. has identified cooperation on small modular nuclear reactors (SMRs) as a key priority in its engagement with Southeast Asia as regional electricity demand continues to climb. Speaking after S ...
UK S&P Global Services PMI returns to growth in July, arrives at 51.8
According to preliminary data, the United Kingdom (UK) S&P Global Services Purchasing Managers’ Index (PMI) arrives above 50.0 in July, a figure that separates expansion from contraction, after declin ...
South African Rand: SARB surprise weighs against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur says the South African Reserve Bank’s (SARB) decision to keep its policy rate unchanged at 7% came as a negative surprise, particularly after June inflation rose and Brent c ...
UK Manufacturing PMI rises to 52.8 in July, hitting two-month high
Euro remains capped below 1.1400 despite bright Eurozone preliminary PMIs
The Euro (EUR) ticks up against the US Dollar (USD) on Friday but remains capped below 1.1400, and dangerously close to the year-to-date low, at 1.1324.