A familiar theme from Barking. Goldman Sachs sent a similar message earlier in the week, also mentioning domestic positives:
Anyway , back to Richmond Fed President Barkin:
- he says he is reasonably sceptical about negative rates
Anyway , back to Richmond Fed President Barkin:
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Japan services activity rose to 52.2 in June from 50.0, the strongest new work growth in two years, but input costs climbed at the fastest pace since June 2022 and year-ahead confidence stayed subdued, S&P Global said.
PBOC is expected to set the USD/CNY reference rate at 6.7808 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
Australia services PMI rose to 50.5 in June from 48.7, returning to growth on higher staffing, but new orders fell for a fourth month and year-ahead confidence dropped to its lowest since November 2023, S&P Global said.
Lagarde says ECB rate rise was correct despite Iran-US ceasefire deal, warns on inflation and currency tensions ahead.
NZ consumer confidence lifted 4 points to 91.3 in June, per ANZ-Roy Morgan, with two-year inflation expectations easing sharply from 5.3% to 4.6%, back to pre-oil-spike levels. The index remains 16 points below its January peak.
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