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- Major Chinese slowdown wouldn't have the same impact on eurozone as it would have two years ago
You get the sense that Draghi hates all the politicians in Europe, or maybe I'm projecting.
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Draghi says downside risks to eurozone mostly political
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- PBOC sets USD/ CNY mid-point today at 6.8096 (vs. estimate at 6.7569)
- Japan exports beat forecasts in May at fastest pace since late 2022
- Singapore May exports surge 38.4%, biggest jump in 20 years on AI demand
- PBOC is expected to set the USD/CNY reference rate at 6.7659 – Reuters estimate
- Japan April core machinery orders surge, exports beat also
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Singapore's non-oil domestic exports surged 38.4% in May (expected +31.1%. prior +24.5%) the largest annual rise in 20 years, driven by AI-related electronics demand, though a proposed US 12.5% tariff threatens a third of direct US shipments.
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Japan April core machinery orders surge, exports beat also
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PBOC is expected to set the USD/CNY reference rate at 6.7659 – Reuters estimate
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The ECB raised its key rate 25bp to 2.25% and revised up its 2026 inflation forecast to 3.0%, with BNP Paribas expecting one further hike in September before rates plateau through 2027.
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G7 leaders meeting in France are considering higher tariffs on Chinese imports as Beijing's record $1.2 trillion trade surplus redirects export pressure toward Europe, the AP reported.
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New Zealand Q1 current account deficit narrows sharply on quarterly basis
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Uber & Lyft's AI pricing sparks debate. Same rides, 29 price variations raise profit questions.
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