Week Ahead for FX, Bonds: U.S. Jobs Data in Focus, Could Give Steer on Fed Outlook
U.S. monthly jobs data for July will provide the focus of attention as investors gauge the prospects for interest rates […]
Economics
Canada GDP Grows in May Amid Expansion in Oil and Gas Activity
Canada’s economy has roared back to life, tracking the strongest growth in roughly three years with an expansion in oil
Bank of Japan Stands Pat, Continues to See Inflation Around 2%
The Bank of Japan kept monetary policy unchanged Friday as it assesses how its latest interest-rate increase is affecting the
China’s Factory Activity Gauge Unexpectedly Signals Contraction
The official manufacturing purchasing managers index increases pressure on Beijing to roll out additional policy support to buttress growth. Source
Mexican Economy Bounces Back in Second Quarter
The country’s GDP rose 1.5% from the previous quarter in seasonally adjusted terms, marking the biggest expansion since the fourth
U.S. economic growth slowed to 1.5% in second quarter
U.S. gross domestic product rose at a 1.5% annual rate in the second quarter, falling short of economists’ expectations. Source
The Bank of England left its key interest rate unchanged while signaling its readiness to raise borrowing costs should high energy prices threaten to a broad pickup in inflation
The U.K. central bank may yet raise interest rates if the Strait of Hormuz remains closed. Source link
Japan Aims to Cut Food Sales Tax to 1% From April 2027
Japanese Prime Minister Sanae Takaichi announced plans to cut the sales tax on food to 1% from 8% for two
China Signals Little Appetite for Major Stimulus Despite Growth Headwinds
China’s top leaders signaled little appetite for major stimulus in the second half of the year despite mounting domestic headwinds.
French Economy Rebounded in Second Quarter Despite War Uncertainty
France’s economy picked up in the second quarter, helped by household spending and robust exports, overcoming some of the uncertainty