EU Gives Final Approval to U.S. Trade Deal
Lawmakers approved the deal Tuesday ahead of a deadline set by Trump that would have ramped up tariffs on cars. […]
Economics
German Investor Confidence Jumps on Hopes of End to Middle East Conflict
German investor confidence improved unexpectedly sharply on hopes the war in the Middle East would end soon and prompting energy
The Bank of Japan raised interest rates to a 31-year high, anchoring policy against the inflationary risks of a war-induced spike in energy costs
The central bank raised its policy rate to 1% as elevated energy prices stoke inflation fears. Source link
Reserve Bank of Australia Holds Interest Rates
The central bank held interest rates steady following three consecutive increases, seeking more clarity on the likely path of inflation
China Data Shows Unbalanced Economic Growth
The two-speed nature of China’s economic growth became more pronounced last month amid an extended export boom, with consumer spending
Canada More Focused on Tariff Relief Over USMCA Renewal, Ambassador Says
Former pension-fund and BlackRock executive Mark Wiseman said Canadians shouldn’t get too focused on the formal review process starting on
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U.S. Industrial Production Edged Up in May
Production rose by 0.1% last month, after rising 0.9% in April. Analysts polled by The Wall Street Journal expected a
New York Manufacturing Activity Grew at a Slower Pace in June
The Federal Reserve Bank of New York said that its statewide manufacturing index of business conditions grew at a slower
Eurozone Industrial Production Picked Up Again in April
Industrial output rose again as factories rushed to meet orders placed by customers anxious to avoid price hikes and shortages