AMSTERDAM (Reuters) -Economic growth in the Netherlands will be lower than previously expected through 2026 as tariffs imposed by the United States hit international trade, Dutch government policy adviser CPB said on Thursday. The Dutch economy is expected to grow by 1.3% in 2026, following an expansion of 1.7% this year, the CPB said. It …
Dutch economic growth set to slow as trade tariffs bite Read More »
By Nupur Anand NEW YORK (Reuters) -Major U.S. banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking. When JPMorgan Chase, Citigroup and Wells Fargo kick off second-quarter earnings on Tuesday, investors will focus on their outlooks at a time when economic uncertainty over U.S. …
US bank profits to climb on stronger trading, investment banking Read More »
BERLIN (Reuters) -German inflation eased to 2.0% in June, the federal statistics office said on Thursday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.1% year-on-year in May. (Reporting by Miranda Murray)
By Samuel Indyk and Lucy Raitano LONDON (Reuters) -European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight into how companies are navigating a new era of trade volatility and, crucially, how resilient their share prices remain. Markets staged a textbook V-shaped recovery to hit record highs after …
Analysis-Investors look for signs European earnings can defy tariff turmoil Read More »
By Jihoon Lee and Joyce Lee SEOUL (Reuters) -South Korea’s central bank held interest rates steady on Thursday but a majority of board members signalled another rate cut in the next three months and warned of “significant” economic uncertainty from U.S. tariffs. Asia’s fourth-largest economy unexpectedly contracted in the first quarter as the export powerhouse …
By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank’s view that price pressure from rising raw material costs will gradually dissipate. While food prices continued to rise steadily, some analysts said they expect …
Japan’s wholesale inflation slows, relieves interest rate-hike pressure Read More »
By Kanishka Singh and Ricardo Brito WASHINGTON/BRASILIA (Reuters) -U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted “emperor.” Brazil’s President Luiz Inacio Lula da Silva fired back on Wednesday, saying new …
Trump imposes 50% tariffs on Brazil after spat with Lula Read More »
SYDNEY (Reuters) -Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets for the first time. The Reserve Bank of Australia said its “Project Acacia” initiative would test 19 pilot cases involving …
Australia takes another step toward a central bank digital currency Read More »
By Howard Schneider WASHINGTON (Reuters) -Only “a couple” of officials at the Federal Reserve’s June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump’s use of tariffs to reshape global trade. Trump …
Fed minutes show little support for interest rate cut later this month Read More »
PARIS (Reuters) -The French economy grew by around 0.1% in the second quarter, the Bank of France said in its monthly economic outlook on Wednesday, adding that uncertainty over U.S. trade tariffs continued to weigh on businesses. The central bank’s survey of about 8,500 companies showed a pick-up in business in the industrial and services …
Bank of France estimates Q2 French economic growth of around 0.1% Read More »
