U.S. Jobless Claims Rose Last Week
U.S. jobless claims ticked up last week, but were still in a range suggestive of a healthy labor market.
----
U.S. Stock Futures Mixed as Nasdaq Slips on AI Anxiety
Anxieties about the AI trade weighed on tech-focused Nasdaq-100 futures while the broad Dow edged higher.
----
Eurozone Retail Sales Retreat as Consumers Still Fret Over War
Retail sales in the eurozone fell in June and was the second decline in the four full months since the start of the war against Iran.
----
Scott Bessent's Yen Trade Has Unintended Consequences for the Markets
The way it's being done should make us worry that the Federal Reserve is being roped into easing monetary conditions.
----
Trump Has Called Warsh Repeatedly Since He Became Fed Chair
The president has sought Kevin Warsh's counsel on issues such as how the war in Iran is affecting the economy.
----
German Factory Orders Continue to Defy Mounting Headwinds
While input costs have risen sharply, demand is proving resilient as businesses stockpile essential parts and equipment to avoid further disruption from tensions in the Middle East.
----
Negotiators Close In on Deal With Iran to Open Hormuz
A draft agreement would give Tehran oversight of ships entering the Persian Gulf but wouldn't let it levy tolls or service fees.
----
Brazil's Central Bank Cuts Rates as Inflation Eases
The bank's monetary committee cut the Selic benchmark lending rate to 14% from 14.25%, but indicated that uncertainty around its inflation projections remains higher than usual.
----
Home-Building Is Sputtering, but Lumber Prices Haven't Been So High in Years
Steep duties on Canadian lumber, wildfires and sawmill closures have cut supply and pushed up prices.
Comments