Reuters US Economy

New Zealand manufacturing ticks up in June but still in contraction, survey says

11 Jul 2025

SYDNEY (Reuters) -Manufacturing activity in New Zealand slightly rose in June but still remained in contraction as businesses continue to grapple with weak consumer demand, high living costs and economic uncertainty, a survey showed on Friday. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) edged higher to 48.8 in June …

New Zealand manufacturing ticks up in June but still in contraction, survey says Read More »

Brazil’s monthly inflation slows, annual rate remains above target

11 Jul 2025

SAO PAULO (Reuters) -Brazil’s monthly inflation slowed for the fourth time in a row in June, but the annual rate ticked up and remained well above the official goal, data showed on Thursday, prompting the central bank to release a letter to justify missing the target. Consumer prices as measured by the benchmark IPCA index …

Brazil’s monthly inflation slows, annual rate remains above target Read More »

Fed considers changes to how it grades big banks

11 Jul 2025

By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered “well managed,” removing a hurdle for potential acquisitions and other restrictions. The proposal would adjust the U.S. central bank’s supervisory framework for large banks, where supervisors grade banks …

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Indexes rise, boosted by Nvidia record valuation, strong Delta forecast

11 Jul 2025

By Sinéad Carew and Pranav Kashyap (Reuters) -The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs on Thursday, boosted by an upbeat forecast from Delta Air Lines and a record close for Nvidia while investors shrugged off President Donald Trump’s latest tariffs. Delta shares rallied 12% after the carrier forecast …

Indexes rise, boosted by Nvidia record valuation, strong Delta forecast Read More »

S&P 500, Nasdaq post record closes, Nvidia closing valuation $4 trillion

10 Jul 2025

By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq registered record closing highs on Thursday, and Nvidia’s market value closed above $4 trillion for the first time, while the Brazilian real recovered some losses following U.S. President Donald Trump’s announcement of a 50% tariff on the country’s goods. Also helping Wall Street, shares …

S&P 500, Nasdaq post record closes, Nvidia closing valuation $4 trillion Read More »

Mexico central bank board signals smaller rate cuts amid sticky inflation, weak economy

10 Jul 2025

By Brendan O’Boyle MEXICO CITY (Reuters) -Most of the Bank of Mexico’s governing board supports smaller cuts to the key interest rate, minutes from June’s rate decision showed on Thursday, signaling a more cautious approach as Mexico grapples with stubborn inflation and sluggish growth. All four board members who backed June’s 50-basis-point cut — the …

Mexico central bank board signals smaller rate cuts amid sticky inflation, weak economy Read More »

Mining, healthcare prop up European shares; US-EU trade talks in focus

10 Jul 2025

By Sanchayaita Roy, Sukriti Gupta and Shashwat Chauhan (Reuters) -European shares closed higher on Thursday, with mining and healthcare stocks the biggest boosts as investors watched for signs of progress on a potential trade deal between the United States and the European Union. The pan-European STOXX 600 index closed 0.5% higher, hitting its highest since …

Mining, healthcare prop up European shares; US-EU trade talks in focus Read More »

Chile central bank likely to cut interest rate by 25 bps next meeting, poll shows

10 Jul 2025

SANTIAGO (Reuters) -Chile’s central bank is expected to lower its benchmark interest rate by 25 basis points to 4.75% at its monetary policy meeting on July 28, a poll of analysts released by the bank showed on Thursday. According to the poll, traders estimate the benchmark rate will continue its downward trend and reach 4.5% …

Chile central bank likely to cut interest rate by 25 bps next meeting, poll shows Read More »

Brazil’s real weakens 2% after Trump tariff announcement

10 Jul 2025

SAO PAULO (Reuters) -Brazil’s real slipped 2% against the U.S. dollar in spot trading on Thursday, weakening past 5.60 per greenback, after U.S. President Donald Trump said he would impose a 50% tariff on all imports from Latin America’s largest economy. (Reporting by Fernando Cardoso and Gabriel Araujo; Editing by Andrew Cawthorne)

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