Spain June manufacturing PMI 51.4 vs 50.5 expected

Prior 50.5 That's the best reading for the year so far as the Spanish manufacturing sector posts modest growth towards the end of Q2. There was an improvement in output with orders also increasing for the first time since January. HCOB notes that: "June brought slight improvements in Spain’s manufacturing sector, as indicated by the…

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ECB’s Escriva: Symmetric 2% goal should remain ECB’s primary guide

Symmetric 2% goal should remain ECB's primary guide. New times call for vigorous policies at key moments. New times call for patience in temporary events. These are just token remarks but it highlights the commitment to the 2% target and patience as they gather more information throughout the summer. …

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BoE’s Bailey: Have to watch for inflation persistence

We have to watch very carefully for consequences of inflation. Labour market is softening. Path of interest rates will continue to be gradually downwards. A major change is needed for upturn in productivity. Next big tech change should help productivity. We've seen a steepening of the long term bond yield curve. I don't think there's…

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South Korea says will seek extension on trade talks with the US

Trade talks are mainly about non-tariff barriers US trade talks will have to continue past 8 July Will seek extension to that They won't be the only ones and as long as countries are seen "negotiating in good faith", then we'll the deadlines all get pushed back. I'd imagine it will only be a handful,…

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Switzerland June KOF leading indicator index 96.1 vs 99.3 expected

Prior 98.5 That's the lowest reading since October 2023 as the Swiss economic outlook starts to deteriorate again. Even as fears surrounding the tariffs war have subsided, the ones pertaining to Europe in general still remain. …

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Senate to vote on amendments to Trump’s ‘big, beautiful bill’

President seeks to pass legislation before July 4 holiday after weekend of fraught negotiations

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European indices open higher in hopes of keeping last week’s bounce

Eurostoxx +0.2% Germany DAX +0.4% France CAC 40 +0.1% UK FTSE +0.2% Spain IBEX +0.4% Italy FTSE MIB +0.2% It looked like it was going to be a relatively poor month for European stocks but the losses have been trimmed considerably since the rebound last week. In fact, the DAX is already now sitting higher…

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27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report

Over 25% of Koreans in their 20s to 50s now hold crypto, with 70% looking to expand their investments as virtual assets become central to retirement planning.

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Bitcoin is 'bad for dictators': Human Rights Foundation exec

Human Rights Foundation’s Alex Gladstein told a group of US political leaders that Bitcoin has “essentially saved” citizens living under dictatorships.

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Nvidia executives cash out $1bn worth of shares

Chief executive Jensen Huang leads wave of insider selling as AI demand boosts stock to record high

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