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Mon, Jun 30, 2025 12:56Dollar Drops Heavily Against Major Currencies
The U.S. dollar plunged against major currencies during the week ended June 27 amidst easing geopolitical tensions as well as renewed hopes of trade deals between the U.S. and its trade partners.
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Mon, Jun 30, 2025 12:17UK Mortgage Approvals Rise For First Time This Year
UK mortgage approvals increased for the first time so far this year in May, suggesting an improvement in housing market activity, figures from the Bank of England showed Monday. The net mortgage approvals for house purchases that indicate future borrowing rose by more-than-expected 2,400 to 63,000 in May. This was the first increase since December 2024.
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Mon, Jun 30, 2025 11:22Eurozone Household Lending Grows Most In 2 Years
Lending to euro area households grew the most in two years in May and overall private sector credit growth remained stable, data from the European Central Bank revealed on Monday. Adjusted loans to households increased 2.0 percent year-on-year in May, the strongest since May 2023, when it was up 2.1 percent. Meanwhile, loans to businesses grew 2.5 percent from a year ago.
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Mon, Jun 30, 2025 11:08Pound Slides Amid Risk-off Mood; Swiss Franc Rises
The British pound weakened against other major currencies in the European session on Monday amid increased risk-off mood, as investors eyed progress in global trade negotiations ahead of the impending July 9 deadline for U.S. reciprocal tariffs.
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Mon, Jun 30, 2025 09:06UK GDP Growth Confirmed At 0.7%
The UK economy expanded at a stronger pace in the first quarter as previously estimated on robust services and industrial production, revised data from the Office for National Statistics showed on Monday. Real gross domestic product grew 0.7 percent, unrevised from the first estimate. This followed 0.1 percent expansion in the fourth quarter and marked the fastest growth since the first quarter.
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Mon, Jun 30, 2025 07:19Safe-Haven JPY Rises As Trader's Remain Cautious
The safe haven Japanese yen strengthened against other major currencies in the pre-European session on Monday, as traders remain cautious amid renewed optimism about new trade deals after U.S. President Donald Trump indicated he does not think he will need to extend the July 9 deadline for countries to secure trade deals with the US. Trump also indicated the U.S. had signed an agreement with China.
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Mon, Jun 30, 2025 05:28European Economic News Preview: Germany Inflation & Retail Sales Data Due
Flash inflation and retail sales from Germany and revised GDP and mortgage approvals from the UK are due on Monday, headlining a hectic day for the European economic news. At 2.00 am ET, Destatis publishes Germany's import prices and retail sales figures. Retail sales are forecast to grow 0.5 percent month-on-month in May, in contrast to the 1.1 percent fall in April.
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Fri, Jun 27, 2025 14:34U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
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Fri, Jun 27, 2025 14:10U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates
While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.
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Fri, Jun 27, 2025 13:04Eurozone Economic Sentiment Falls Unexpectedly
Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
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Fri, Jun 27, 2025 09:14French Inflation Accelerates In June
France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2 percent target, preliminary estimate from the statistical office INSEE showed on Friday. Consumer prices increased 0.9 percent year-on-year in June, faster than the 0.7 percent rise in May. The rate was forecast to remain unchanged at 0.7 percent.
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Fri, Jun 27, 2025 04:42European Economic News Preview: Eurozone Economic Sentiment Data Due
Economic confidence from the euro area and flash inflation from France are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, producer prices from Sweden and retail sales from Norway are due. At 2.45 am ET, France's statistical office INSEE is scheduled to issue flash consumer prices, producer prices and consumer spending data.
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Thu, Jun 26, 2025 14:37U.S. Pending Home Sales Unexpectedly Rebound In May
The National Association of Realtors released a report on Thursday showing an unexpected rebound by pending home sales in the U.S. in the month of May. NAR said its pending home sales index jumped by 1.8 percent to 72.6 in May after tumbling by 6.1 percent to a revised 71.3 in April.
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Thu, Jun 26, 2025 14:33U.S. Economy Shrinks More Than Previously Estimated In Q1
Revised data released by the Commerce Department on Thursday showed the U.S. economy shrank by more than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product fell by 0.5 percent in the first quarter compared to the previously reported 0.2 percent dip. Economists had expected the decrease by GDP to be unrevised.
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Thu, Jun 26, 2025 14:10U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected
New orders for U.S. manufactured durable goods spiked by much more than expected in the month of May, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 16.4 percent in May after tumbling by a revised 6.6 percent in April.
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Thu, Jun 26, 2025 13:43U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly fell in the week ended June 21st. The Labor Department said initial jobless claims dipped to 236,000, a decrease of 10,000 from the previous week's revised level of 246,000.
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Thu, Jun 26, 2025 11:27Yen Rises Amid BoJ Rate Hike Prospects
The Japanese yen strengthened against other major currencies in the European session on Thursday, as traders speculate that the Bank of Japan is likely to increase its interest rate in light of indications that inflation is broadening in Japan.
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Thu, Jun 26, 2025 08:03German GfK Consumer Confidence To Drop In July
German consumer confidence is set to drop in July after rising for three straight months as rising willingness to save offset the positive impetus provided by improved income prospects. The forward-looking consumer sentiment index fell unexpectedly to -20.3 in July from -20.0 in the previous month, a survey jointly published by the market research group GfK and the Nuremberg Institute for Market
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Thu, Jun 26, 2025 05:54U.S. Dollar Slides As Donald Trump Proposes Appointing New Fed Chair Early
The U.S. dollar weakened against other major currencies in the Asian session on Thursday, as financial markets reacted apprehensively to mounting worries about the future independence of the U.S. Federal Reserve. The drop came as news broke that President Donald Trump is thinking of replacing Fed Chair Jerome Powell before the November elections.
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Thu, Jun 26, 2025 05:28European Economic News Preview: German Consumer Confidence Data Due
Consumer sentiment from Germany is the top economic news due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's consumer sentiment survey data. The forward looking consumer confidence index is forecast to rise to -19.1 in July from -19.9 in June.
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Wed, Jun 25, 2025 14:42U.S. New Home Sales Pull Back More Than Expected In May
A report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May. The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.
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Wed, Jun 25, 2025 11:30Yen Falls As European Shares Traded Higher
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-off mood by the investors, as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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Wed, Jun 25, 2025 09:23Europe New Car Registrations Increase In May
Europe's new car registrations increased in May as demand for plug-in hybrid cars grew sharply from the last year, the European Automobile Manufacturers' Association, or ACEA, reported Wednesday. New car sales increased 1.6 percent on a yearly basis in May, faster than the 1.3 percent rise in April. This was the second consecutive rise in registrations.
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Wed, Jun 25, 2025 06:20Australia Inflation Eases In May
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
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Wed, Jun 25, 2025 05:46European Economic News Preview: France Consumer Confidence Data Due
Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.