Financial News

CB Consumer Confidence increased from 95.2 in June to 97.2 in July.

Boeing stock rallies to $242.56 premarket as Q2 aircraft deliveries hit post-2018 highs and losses narrow sharply, signaling a strong turnaround.

The United States-European Union trade deal ensures euro area and EU growth will remain relatively resilient this year even though effective US tariffs on EU exports increase this year by around 16pps in aggregate.

Trade truce buys time, but risks linger as Trump seeks big-ticket deal to dwarf the agreements with Japan and the EU.

The report indicated that Texas factory activity increased in July.

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.