Market Pulse - Currencies
Chicago factory PMI falls by more than expected in July
Manufacturing sector activity in the Chicago area slowed more than expected in July, the results of a close-followed survey revealed.
US personal incomes and spending rise more quickly than expected in June
US households continued to dip into their savings last month in order to finance their purchases amid continued price pressures.
US Q2 Employment Cost Index rises a bit more quickly than anticipated
A broad measure of workers' compensation increased modestly more quickly than anticipated over the three months to June.
Euro area CPI accelerates slightly in June
Euro area inflation edged past economists' forecasts during the second quarter pushed higher by the cost of food, alcohol and tobacco, as well as services.
Stocks jump as Fed shifts to meeting by meeting approach
US monetary policymakers shifted back towards a meeting by meeting approach to setting interest rates on Wednesday, instead of offering explicit guidance on the magnitude of their next move.
US durable goods orders jump in June as defence aircraft orders nearly double
Orders for goods made to last more than three years posted a sharp and unexpected rise last month, albeit mainly on the back of a near doubling in orders for defence aircraft.
Wednesday preview: US FOMC, British American Tobacco in the spotlight
All eyes on Wednesday will be on the results of the US Federal Open Market Committee's two-day meeting.
IMF lowers global GDP forecasts, says risks 'overwhelmingly' tilted to downside
The world's watchdog for financial stability lowered its projection's for global economic growth in 2022 due to tighter central bank policies, Covid-19 lockdowns and the real estate crisis in China, and the war in Ukraine.
US new home sales drop sharply in June
New home sales dropped sharply and by more than expected last month alongside a downwards revision to the prior month's data.
US consumer confidence continues to point to 'recession risks', Conference Board says
US consumer confidence slipped more or less as expected amid concerns about inflation and continued to point to ongoing recession risks, the results of a closely-followed survey showed.
Natural gas futures jump as Gazprom cuts gas supplies through Nordstream 1 again
Gazprom will halt one of the two remaining turbines that power the Nordstream 1 gas pipeline's compressor station, in a move that is expected to further reduce volumes shipped to Germany.
Wheat futures drop sharply after Kyiv and Moscow ink deal to restart grain exports
Wheat futures extended their recent declines after Russia and Ukraine penned an agreement to unblock exports of millions of tons of Ukrainian wheat through the latter's ports on the Black Sea.
US business activity shrinks for first time since mid-2020 in July, S&P Global says
Business activity in the US shrank unexpectedly in July for the first time since mid-2020, the results of two closely-followed surveys revealed.
If you buy now you'll pay later, BofA says
A "credible bull market" will require equally credible interest rate cuts by the Federal Reserve once inflation has been "conquered", BofA Securities said.
Factory activity in US mid-Atlantic region falls unexpectedly in July, Philly Fed says
Factory activity in the US mid-Atlantic region weakened unexpectedly in July as the decline in new orders accelerated its recent fall, the results of a key survey revealed.
Geographical scope of military operations will change if Kyiv gets long-range weaponry, Lavrov says
The geographical scope of Moscow's 'special military operation' will expand even further beyond the current front line if the West supplies Kyiv with long-range weaponry, Russia's foreign minister said.
US existing home sales fall for fifth straight month in June
Home selling activity in the US fell back for a fifth month in a row in June amid a continued decline in affordability.
Draghi calls on political parties to recommit to unity government, Italian debt advances
Italy's Prime Minister called on all political parties to recommit to the ruling unity coalition, arguing that that was what Italians want.
US single-family housing starts drop sharply in June
Homebuilding activity in the US slowed sharply last month.
Sector movers: Industrial metals and Mining, Big Oil pace gains
Industrial Metals&Mining, Big Oil and Life insurance lent their weight to the FTSE 350's advance at the start of the week.