India bonds slip as profit booking, higher US yields weigh
Tuesday, July 7,2026,08:00
After a turbulent trading day, Indian government bonds ended lower on Tuesday. Profit booking led to a notable spike in the 10-year yield, marking its largest climb in more than two weeks. Caution grew among investors due to rising United States yields, heightened geopolitical tensions in the Middle East, and slightly climbing oil prices. Nevertheless, robust foreign inflows and improved monsoon rainfall mitigated the overall rise in yields. .. read more..
Taiwan Inflation Climbs To 17-Month High
Tuesday, July 7,2026,07:40
Taiwan consumer price inflation accelerated further in June to the highest level in nearly one-and-a-half years. The consumer price index, or CPI, rose 2.6 percent year-on-year in June, faster than the 2.2 percent rise in May. Food inflation accelerated to 1.78 percent from 1.36 percent, and that based on housing increased somewhat to 2.2 percent from 2.1 percent. .. read more..
investingLive European FX news wrap: Markets remain rangebound amid lack of c...
Tuesday, July 7,2026,07:32
Oil traders await the US CPI data after war premium fades and prices stabilize above $68 Today's oil analysis shows the bearish map flipped The S&P 500 remains mostly rangebound with a bullish tilt as traders await the US CPI data Another crude oil tanker reportedly damaged near Oman, around the Strait of Hormuz China extends gold buying spree as reserves climb for a 20th straight month Intervention fears to continue to help keep a lid on USD/JPY upside - Credit Agricole ECB's Panetta: Upside inflation risks coexist with downside growth risks USD/JPY rises back into the highest levels since 1986 amid lack of bearish drivers What are the main events for today? UK house prices inched a ... .. read more..
German Industrial Output Growth Tops Expectations
Tuesday, July 7,2026,07:12
Germany's industrial production grew more than expected in May despite geopolitical tensions and elevated energy prices, raising hopes of gradual economic recovery. Industrial output advanced 0.9 percent on a monthly basis, faster than the 0.2 percent rise in April. A similar faster growth was last seen in September. Output was expected to grow marginally by 0.1 percent. .. read more..
Hungary Inflation Eases To 4-month Low
Tuesday, July 7,2026,06:29
Hungary's consumer price inflation moderated further in June to the lowest level in four months. Consumer prices climbed 1.7 percent year-on-year in June, slightly slower than the 1.8 percent rise in May. Food inflation softened to 0.2 percent from 0.5 percent, and fuel and power costs continued to fall by 2.3 percent. .. read more..
China: Charting nation’s next phase of development
Tuesday, July 7,2026,06:00
After more than three decades of rapid expansion, China’s economy reached a cyclical peak in the first quarter of 2010 and has since gradually shifted into a phase of medium-speed growth, with the binding constraints on growth evolving from supply shortages to demand insufficiency. From a comparative international perspective, China is now positioned in the ... .. read more..
Fed’s Waller says forward guidance valuable but must be flexible
Tuesday, July 7,2026,06:00
Federal Reserve Governor Christopher Waller said Monday that forward guidance can speed the impact of monetary policy when used properly, but becomes problematic when applied inflexibly. “I continue to believe that forward guidance can be a valuable tool that has, at times, significantly strengthened policymaking and will continue to be useful,” Waller said in remarks ... .. read more..
As AI races ahead, China bets on a people-centered digital future
Tuesday, July 7,2026,06:00
Guided by a digital avatar, visitors at the 2026 Global Digital Economy Conference in Beijing stand before an intelligent diagnostic device to complete facial and ocular scanning. Within minutes, a personalized health report is generated, which once required in-person examinations conducted by traditional Chinese medicine (TCM) practitioners. Zhou Chao, business manager at Guanwei Intelligent Technology ... .. read more..
French Trade Deficit Widens
Tuesday, July 7,2026,05:45
France's trade deficit widened sharply in May as exports dropped for the first time in three months, data from the customs office showed Tuesday. .. read more..
Another crude oil tanker reportedly damaged near Oman, around the Strait of H...
Tuesday, July 7,2026,05:20
The headline says that the crude oil tanker is one that is Saudi-flagged and adds to the earlier attack on an LNG tanker struck in the same area. In case you missed it: More on reports Iranian forces strike LNG tanker and commercial ships in Strait of Hormuz The supposed reopening of the Strait of Hormuz is not going too smoothly, to say the least. And all of this just adds to more complications with the situation already not showing a material pick up in overall activity in the past few weeks. As mentioned yesterday: A week later and not much has changed with the Strait of Hormuz situation You can't help but feel that these sporadic attacks are premeditated on the part of Iran. So long a... .. read more..
Norway Industrial Production Falls 2.9%
Tuesday, July 7,2026,05:09
Norway's industrial production declined for the second straight month in May. Industrial production dropped a seasonally adjusted 2.9 percent month-over-month in May, the same as in the previous month. The continued decrease was largely due to a 9.2 percent contraction in the extraction and related services segment. .. read more..
Estonia Inflation Eases To 2.3%, Lowest Since April 2021
Tuesday, July 7,2026,04:37
Estonia's consumer price inflation moderated in June to the lowest level in more than five years. Consumer prices climbed 2.3 percent yearly in June, slower than the 3.7 percent rise in May. The slowdown in inflation was driven by the decrease in prices in more than half of the commodity groups, including food and non-alcoholic beverages, which dropped 1.5 percent from last year. .. read more..
Finland Industrial Output Growth Eases To 0.6%
Tuesday, July 7,2026,04:16
Finland's industrial production growth moderated further in May to the lowest level in four months. Industrial output rose 0.6 percent year-over-year in May, slower than the 3.0 percent increase in April. Among main sectors, the annual growth in manufacturing moderated to 0.7 percent from 2.3 percent, while the decline in mining and quarrying deepened to 10.7 percent from 5.0 percent. .. read more..
Dutch Inflation Confirmed At 2.9% In June
Tuesday, July 7,2026,03:50
Dutch consumer price inflation eased in June due to the price developments in motor fuels and accommodations. Consumer prices logged an annual increase of 2.9 percent in June, slower than the 3.5 percent rise in May. The slowdown in inflation was largely influenced by motor fuel costs, which grew 17.3 percent from last year but much slower than the 27.5 percent surge in May. .. read more..
UK Halifax House Prices Rise For First Time In Four Months
Tuesday, July 7,2026,03:34
UK house prices grew for the first time in four months in June, a survey by S&P Global conducted for the Lloyds Bank subsidiary Halifax showed Tuesday. House prices increased 0.2 percent a monthly basis in June, offsetting a 0.2 percent fall in May. This marks the first increase in four months and exceeded the forecast of a 0.1 percent rise. .. read more..
Japan Leading Index Highest Since July 2021
Tuesday, July 7,2026,02:29
Japan's leading index improved further in May to the highest level in nearly five years. The leading index, which measures future economic activity, climbed to 116.8 in May from 116.1 in April. The coincident index that measures the current economic situation also strengthened to an 84-month high of 118.5 in May from 118.1 a month ago. .. read more..
What are the main events for today?
Tuesday, July 7,2026,02:25
EUROPEAN SESSION In the European session, we don't have much on the agenda other than the French trade balance data which is not going to change anything for the ECB, so the market reaction will be muted. AMERICAN SESSION In the American session, we just have the weekly ADP jobs data and the NY Fed inflation expectations. Neither of these are market moving and won't change anything for the Fed. The markets are mostly in rangebound mode as we await the US CPI report next Tuesday. If we don't get any meaningful catalyst before then, I suspect we will continue to range. CENTRAL BANK SPEAKERS 07:30 GMT/03:30 ET - ECB's Panetta (neutral - voter) 10:15 GMT/06:15 ET - ECB's Kocher (neutral - vot... .. read more..
German Industrial Output Rises More Than Forecast
Tuesday, July 7,2026,02:20
Germany's industrial production grew more than expected in May, data from Destatis revealed Tuesday. .. read more..
UK house prices inched a little higher in June following recent moderation
Tuesday, July 7,2026,02:06
Halifax/Llyods house prices +0.2% vs +0.1% m/m expected Prior -0.1% UK house prices rose for the first time in four months in June, with the typical property now costing £299,330 on average. Of note, the annual growth also nudged up a little to 0.6% but the quarterly change reflects a 0.4% decline to house prices for Q2 2026. Overall, it still points to some added resilience in the UK housing market despite all the recent trials and tribulations. Halifax/Llyods notes that: "Recent price trends continue to reflect wider economic uncertainty, including the impact of global events on inflation and interest rate expectations. While affordability remains stretched for many buyers, mortgage rat... .. read more..
German factory output rises more than expected in May
Tuesday, July 7,2026,02:00
Industrial production +0.9% vs +0.2% m/m expected Prior +0.4%; revised to +0.2% That's a modest bump up in German industrial output for the month of May, following a downward revision to the April figure. The less volatile three-month comparison shows production from March to May 2026 being 0.1% higher than in the three preceding months. Meanwhile compared to May 2025, output remained unchanged in May 2026 (0.0%) after calendar adjustment. The main reason for the bump in May was due to a significant production increase in the automotive industry (+3.6%). Adding to that was also a notable positive contribution from construction output on the month (+0.9%). Besides that, production in energ... .. read more..
European Economic News Preview: Germany Industrial Output Data Due
Tuesday, July 7,2026,01:58
Industrial production from Germany and house prices from the UK are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to publish Germany's industrial production data for May. Output is expected to grow 0.1 percent month-on-month, following a 0.4 percent rise in April. .. read more..
India bond rally pauses ahead of state debt sale
Tuesday, July 7,2026,01:32
Indian government bonds traded range-bound early Tuesday, pausing a three-session rally. Traders awaited a large state-debt auction, which will sell bonds worth 213.50 billion rupees. Oil and U.S. Treasury yields trading sideways provided no fresh directional triggers for the market. Sustained foreign buying is expected to continue underpinning sentiment in the bond market. Monsoon-led inflation concerns have also eased as rainfall improved across the country. .. read more..
Iran foreign minister says negotiations on final deal won't commence if threa...
Tuesday, July 7,2026,01:24
The next round of talks have been postponed by a week, with both sides claiming it to be due to funeral processions. However, Araghchi is offering up a bit of a reminder as to how fragile the current understanding can be. He says that: "Para 13 of the MoU is clear: Negotiations on final Deal will not commence if threats continue. Honor your signature." You get the sense that Iran's objective is rather clear at this stage. And that is to keep kicking the can down the road for as long as they can. That was their modus operandi back in 2015 and it is set to be the same once again this time around. It's been three weeks already since the memorandum of understanding was agreed to. And yet, we ... .. read more..
investingLive Asia-Pacific FX news wrap: Renewed Hormuz attacks & Samsung-led...
Monday, July 6,2026,23:36
More - Samsung's record profit fails to stop shares plunging, dragging KOSPI down 6% Nasdaq analysis today at investingLive.com as Asian session shows tech under pressure Asia stocks fall as chip selloff spreads, breaking ranks with Wall St highs Softer Japan wage data unlikely to derail BOJ hikes, even as yen risk grows PBOC's Pan lifts Southbound Bond Connect quota to 800bn as Hong Kong expands gold links Chinese economist reportedly detained after pessimistic lecture, accounts wiped PBOC sets USD/ CNY central rate at 6.8054 (vs. estimate at 6.7838) More on reports Iranian forces strike LNG tanker and commercial ships in Strait of Hormuz South Korea's Kospi slammed 4% lower at open, Sam... .. read more..
Chinese economist reportedly detained after pessimistic lecture, accounts wiped
Monday, July 6,2026,21:17
If accurate, the episode would fit a broader pattern of Chinese authorities treating candid economic commentary as politically sensitive, particularly warnings that draw comparisons to Japan's prolonged stagnation. Such incidents can have a chilling effect on independent economic analysis originating from within China, making it harder for investors to gauge genuine sentiment among domestic academics and commentators. Given the account is unverified and originates from a single social media source, it should be treated as anecdotal rather than confirmed policy signal, though it adds to a steady stream of similar reports regarding restrictions on economic commentary in China. --- An unveri... .. read more..
Tata Capital eyes $300 million overseas bond issue
Monday, July 6,2026,20:35
Tata Capital is marketing its second dollar bond issue to raise funds. The non-banking finance company seeks to raise at least $300 million from investors. This transaction is expected to be a Regulation S offering open to global investors. Bankers Standard Chartered, HSBC, and MUFG are managing this debt issuance. The company plans to use these funds for its on-lending activities. .. read more..
Japan Household Spending Jumps 3.7% In May
Monday, July 6,2026,19:46
The average of household spending in Japan was up a seasonally adjusted 3.7 percent on month in May, the Ministry of Internal Affairs and Communications said on Tuesday - standing at 320,345 yen. .. read more..
Japan data, May 2026: Wage miss but growth solid, Household spending better t...
Monday, July 6,2026,19:35
May 2026 data from Japan. Household spending: +3.7% m/m expected +1.4%, prior +1.6% -0.4% y/y expected -2.5%, prior -0.5% Wages: Average Cash Earnings +3.2% y/y expected +3.4%, prior +3.5%) Same Sample Base Cash Earnings +2.9% prior +2.9% Overtime Pay +2.9% y/y prior +4.2% --- I'll have more to come on this separately. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Japan Household Spending Data Due On Tuesday
Monday, July 6,2026,18:02
Japan will on Tuesday release May figures for household spending and its leading index, highlighting a light day for Asia-Pacific economic activity. .. read more..
investingLive Americas FX news wrap 6 Jul: Dow Hits Record, USD and yields mixed
Monday, July 6,2026,17:01
US stocks close higher. Another record for the Dow. Nasdaq is the best performing index Crude oil settles down $0.14 at $68.55 German Dax/Italy FTSE MIB close at a new records, but other indices close lower. ECBs Wunsch: it seems that Iran shop has disappeared. Have not seen much 2nd round effects More from Waller: Fed policymakers have always been committed to 2% inflation ECB Schnabel: Current price shock cannot simply be looked through. Fed;s Waller: Forward guidance can be a valuable tool that has strengthened policymaking US ISM Non-Manufacturing PMI for June 54.0 vs 54.0 estimate Canada S&P global services PMI index for June 47.1 vs 50.6 in May The US dollar starts the North Ame... .. read more..
Global investors remain confident in Gulf economy after US-Iran deal
Monday, July 6,2026,17:00
Global investors remain confident in the Gulf’s economic outlook despite regional tensions with over 71 per cent expecting a negotiated agreement to end the US-Iran conflict. Active investors across the US, UK, Germany, France and China found that 82 per cent were confident about the Gulf’s future economic outlook, while 69 percent said the region ... .. read more..
Eurozone Construction Downturn Deepens in June
Monday, July 6,2026,17:00
The S&P Global Eurozone Construction PMI fell to 42.8 in June 2026 from 43.7 in May, signaling a robust and accelerated contraction across the region. Activity shrank across the top three eurozone economies, led by a steepening decline in France and a sharper downturn in Italy, while Germany’s contraction eased slightly but remained severe. Residential ... .. read more..
Trump says Ukraine war resolution “getting closer than people realize
Monday, July 6,2026,17:00
President Donald Trump said on Monday that a resolution to the war in Ukraine is “getting closer than people realize” and that he will discuss Ukraine during upcoming talks in Turkey this week at a NATO summit. Trump spoke following a call with Russia’s Vladimir Putin earlier on Monday. “Putin does feel pressure,” Trump said. ... .. read more..
Tourist arrivals reach new record but the sector must adapt to keep growing
Monday, July 6,2026,17:00
International tourist arrivals in OECD countries rose by an estimated 3.4% in 2025 to reach a record 847 million, building on strong growth of 8.1% in 2024. However, as geopolitical tensions, shifting traveller behaviour, and extreme weather-related events continue to shape the tourism landscape, destinations will need to strengthen their ability to anticipate and adapt ... .. read more..
US Services Activity Revised Marginally Lower: S&P Global
Monday, July 6,2026,17:00
The S&P Global US Services PMI rose to 51.2 in June of 2026 from 50.7 in the previous month, revised marginally lower from the flash estimate of 51.3. Still, the result pointed to the fastest pace of expansion in the US services sector since before the outbreak of war in the Middle East triggered a ... .. read more..
ECB payment system hit by second outage in a week
Monday, July 6,2026,17:00
The European Central Bank’s T2 payment system went down for about 40 minutes in the early hours on Monday, marking the second disruption in a week. The system, which processes trillions of euros in daily transactions, experienced delays in settlements for the single currency and Danish crowns, the ECB said on its website. A treasurer ... .. read more..
House sales up in most EU countries in 2025
Monday, July 6,2026,17:00
In 2025, house sales in the EU increased in most countries for which data are available, compared with 2024. The number of transacted dwellings decreased in 3 out of the 18 EU countries covered by the available data. Decreases were observed in Croatia (-4.1%), Bulgaria (-2.5%) and Poland (-1.1%). The largest increases were recorded in ... .. read more..
German industrial orders rebounded in May
Monday, July 6,2026,17:00
German industrial orders increased by 1.9% month-on-month in May, from a 3.8% mum decline in April, suggesting that parts of German industry are still benefiting from the rechannelling of international orders due to the war in the Middle East. On the year, orders were up by 6.2%. It sounds counterintuitive, but the conflict has provided ... .. read more..
In the permission economy, who earns the right to act?
Monday, July 6,2026,17:00
Somewhere in the world, a customer just let an algorithm spend their money. Yet that same customer doesn’t trust the company behind the algorithm to protect their data. In 2026, customer trust goes beyond being something to earn. It becomes something to spend. A recent EY Studio+ mixed-method research study of emerging consumer trends across ... .. read more..
OECD headline inflation rose further to 4.6% in May 2026, fuelled by higher e...
Monday, July 6,2026,17:00
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 4.6% in May 2026, up from 4.4% in April. Headline inflation increased in 16 OECD countries, declined in 8, and was stable or broadly stable in 14. It remained above 5% in Colombia, Greece, Iceland and Lithuania, and exceeded 30% ... .. read more..
Industrial producer prices up by 0.2% in both the euro area and the EU
Monday, July 6,2026,17:00
Overview In May 2026, compared with April 2026, industrial producer prices increased by 0.2% in both the euro area and the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU. In ... .. read more..
US Business Activity Growth Slower than Initially Thought
Monday, July 6,2026,17:00
The S&P Global US Composite PMI increased to 51.9 in June from 51.5 in May, though the reading came in below the preliminary estimate of 52.2. Manufacturing output continued to expand strongly, while services activity also accelerated, albeit at a modest pace. New business growth strengthened toward the end of the second quarter, and business ... .. read more..
UK Construction Activity Edges Up
Monday, July 6,2026,17:00
The S&P Global UK Construction PMI edged up to 38.4 in June 2026 from 38.2 in May, below market expectations of 40 although business sentiment is highest since March. Commercial construction proved the most resilient, while housebuilding and civil engineering weakened sharply. New work declined, driven by fewer housebuilding projects, weak business investment, and intense ... .. read more..
Promoting services trade poised to create greater opportunities for China, UK
Monday, July 6,2026,17:00
Technical consultations on a joint feasibility study for a China-UK Services Trade Agreement were held in London from Tuesday to Wednesday, making substantive progress. Both sides agreed to accelerate follow-up work and strive to complete the joint feasibility study at an early date, according to a press release from China’s Ministry of Commerce (MOFCOM) on ... .. read more..
Trump says Walmart will lower the price of ground beef. (ps. Be wary of Trump...
Monday, July 6,2026,16:52
Social media post from the prez. The Federal Reserve will like to see price drops, if this is real. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Economic and event calendar in Asia Tuesday, July 7, 2026 - Japan data only
Monday, July 6,2026,16:10
Japan wage data (cash earnings data) is expected to remain solid. Household spending looks set to fall year-on-year for a sixth consecutive month in May, as households continue to tighten belts against still-high living costs. Part of the decline reflects a tough comparison: last May saw a sharp spending spike, largely from car purchases, after Toyota group plants resumed output following earlier production halts had finally restored vehicle supply. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
Trump admin maps out sweeping rollback of regulations in push to save $1.5T
Monday, July 6,2026,15:51
The 2026 regulatory plan targets 702 federal rules with a projected $1.5 trillion in cost savings, dwarfing last year's record $211.8 billion. .. read more..
Volume of retail trade up by 0.2% in the euro area and by 0.5% in the EU
Monday, July 6,2026,13:00
Overview In May 2026, compared with April 2026, the seasonally adjusted retail trade volume increased by 0.2% in the euro area and by 0.5% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In April 2026, retail trade volume fell by 0.3% in the euro area and by ... .. read more..
U.S. Services Index Indicates Slightly Slower Growth In June
Monday, July 6,2026,10:49
Growth in U.S. service sector activity slowed slightly in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its services PMI edged down to 54.0 in June after rising to 54.5 in May, although a reading above 50 still indicates growth. The modest decrease matched economist estimates. .. read more..
US ISM Non-Manufacturing PMI for June 54.0 vs 54.0 estimate
Monday, July 6,2026,10:00
Prior month 54.5 ISM non-manufacturing PMI for June 54.0 vs 54.0 last estimate Business activity index 55.4 vs 57.7 last month Employment index 51.2 versus 47.9 last month New orders index 55.1 versus 57.3 last month. Prices paid index 67.7 versus 71.3 last month supplier deliveries 54.4 versus 55.2 last month. Inventories 51.2 versus 62.5 last month. Backlog of orders 54.9 versus 51.3 last month. New export waters 50.4 versus 50.0 last month. Imports 49.4 versus 51.1 last month. Inventory sentiment 52.6 versus 55.2 last month. Detail sumary Higher (3 of 9) Employment: 51.2 vs 47.9 (+3.3) ✅ Largest increase Backlog of Orders: 54.9 vs 51.3 (+3.6) ✅ Best-performing component New Export Orde... .. read more..