The rate of price fall in corporate services has been reduced but this is 34th straight month of price falls.
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Japan July CSPI -0.5% YoY, from -0.8% in June
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Treasury Secretary Bessent: Have sanctioned Iran's Persian Gulf strait authority
- Feds Williams: Higher productivity rates can raise real interest rates
- US April durable goods orders +7.9% vs +3.5% expected
- US Core PCE for April YoY 3.3% vs 3.3% estimate. MoM 0.2% vs 0.3% estimate
- US initial jobless claims 215K vs 211K expected
- US PCE ahead. The USD is mostly higher on higher oil/higher rates
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SNOW rockets 36% on earnings beat & $6B Amazon AI cloud deal. Valuation jumps on AI momentum.
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