Financial News

Durable goods orders fell 9.3% in June, led by a 22.4% drop in transportation. Core orders rose 0.2%, signaling fragile U.S. manufacturing momentum.

UK consumers return to stores, complicating rate cut bets as inflation and labor data diverge.

Transatlantic trade tensions are contributing to a moderate deceleration in near-term growth in the EU and euro area by around 0.4pps, even in a baseline scenario of the US and the EU reaching a preliminary trade agreement.

Natural gas prices are moving higher as traders react to the EIA report.

The Composite PMI report exceeded analyst estimates as the services sector expanded at a robust pace.

U.S. jobless claims dip to 217K, but continued claims rise. Traders should watch for labor softening amid sector-specific layoffs and economic uncertainty.

EU-China talks take center stage as US tariffs bite; Beijing eyes trade relief and stability.

Germany’s defence and infrastructure borrowing plans will lead to a marked increase in its public deficit and debt. Sustaining fiscal space will depend on growth effects but also on pension and labour market reforms.

Gasoline inventories decreased by 1.7 million barrels from the previous week.

PBoC’s steady stance signals confidence, but outlook hinges on US-China trade shifts. US tariffs on South East Asian countries could impact China’s exports.

China is confronting several daunting challenges: persistent deflation, historically low rates, structurally declining economic growth and rising government debt. This raises significant obstacles for economic stability.

The government’s commitment to fiscal discipline is challenged by a rising interest burden, economic slowdown and a fragmented and uncertain political environment.

Verizon raises 2025 profit forecast as demand for premium plans grows. Despite losing wireless subscribers, broadband gains drive earnings beat.

Year-ahead inflation expectations declined from 5.0% to 4.4%.

U.S. housing starts rose 4.6% in June, but falling single-family permits and completions signal weakness. Bearish outlook for homebuilders ahead.

Netflix dips after earnings beat as subscriber growth lags. Traders eye key support levels and analyst reactions in the US stock market forecast.

Natural gas prices moved away from session highs as traders reacted to the EIA report.

June U.S. retail sales rebounded 0.6%, while jobless claims fell. Strong consumer demand and Philly Fed data support a short-term bullish equity outlook.

Slower wage growth and rising unemployment may tip BoE toward easing rates sooner.

Beijing faces stimulus dilemma as housing woes, youth joblessness, and tariff headwinds persist.