Financial News
- Eiko Sievert
Achieving NATO’s higher defence spending target of 3.5% of GDP will increase budget deficits and public debt across the EU unless governments consider a mix of spending cuts, tax hikes, and joint defence funding.
- Vladimir Zernov
Natural gas prices pulled back after the release of the EIA report.
- Vladimir Zernov
The report indicated that the services sector resumed growth.
- James Hyerczyk
U.S. payrolls rose 147K in June, beating forecasts. A lower 4.1% jobless rate and steady wages keep the Fed cautious, supporting stocks and yields.
- Bob Mason
China’s private sector faces rising costs, falling profits, and job cuts amid weak demand. Markets eye fresh Beijing stimulus as PMI data point to uneven economic momentum.
- Vladimir Zernov
Gasoline inventories increased by 4.2 million barrels, exceeding analyst estimates.
- James Hyerczyk
Private payrolls fell 33K in June, missing forecasts. Services led losses as traders eye Fed rate cut odds ahead of Thursday’s nonfarm payrolls data.
- Vladimir Zernov
JOLts Jobs Openings increased to 7.769 million, exceeding analyst expectations.
- Bob Mason
Beijing’s stimulus shows traction, yet soft external demand may require more action.
- Bob Mason
China’s Caixin PMI rises to 50.4 in June, signaling factory expansion despite persistent tariff headwinds.
- Vladimir Zernov
The report indicated that Texas factory activity was mostly unchanged in June.
- Bob Mason
Diverging China PMI trends stir AUD/USD and Hang Seng moves ahead of key Caixin data releases.
- Vladimir Zernov
Year-ahead inflation expectations decreased from 6.6% in May to 5.0% in June.
- James Hyerczyk
Core PCE rose to 2.7%, pressuring the Fed’s rate path. Hot inflation data cuts rate-cut hopes, impacting USD, yields, and equity futures.
- James Hyerczyk
Nike stock slipped after beating Q4 estimates, as traders remain cautious on its turnaround and the retail forecast across US stocks and Dow Jones indices.
- Dennis Shen
The Israel-Iran truce fails to permanently reduce geo-political uncertainties weighing on an already subdued economic outlook for Europe, but the crisis’s impact on Europe’s economy is limited for now.
- Vladimir Zernov
Natural gas prices tested new lows as traders reacted to the EIA report.
- James Hyerczyk
Durable goods orders soared in May, led by transportation, while rising insured unemployment hints at labor market strain. Traders should watch sector signals.
- Bob Mason
China boosts financial support to lift consumer demand amid rare-earth export tensions.
- Vladimir Zernov
Gasoline inventories decreased by 2.1 million barrels from the previous week.
