The dollar turns lower, dropping well away from an earlier two-month high against a basket of currencies, after U.S. data showed the economy created fewer jobs than expected in July. U.S. nonfarm payrolls rose by 73,000 in July, well below the 100,000 expected by economists polled by The Wall Street Journal. Concerns about tariffs hitting the U.S. economy hard have dimmed recently, but these latest figures could reignite prospects that the Federal Reserve might need to reduce interest rates in September.
The latest data comes following an ECB interest rate cut in June – the eighth time the central bank had cut rates in a year
Reporting a dip of 3.4 percent or 2.6 percent in organic terms in first-half sales, offset by a strong DTC performance, the executive said the Ermenegildo Zegna Group is focusing on this channel, eyeing global expansion with Temasek’s partnership and fine-tuning brand presence across key markets.
Europe's economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and output fell for the continent's biggest economy, Germany. Gross domestic product grew an anemic 0.1% compared to the previous quarter in the 20 countries that use the euro currency, the EU statistics agency Eurostat reported Wednesday. The economy sagged after stronger than expected 0.6% growth in the first quarter, a figure inflated by companies trying to move product ahead of U.S. President Donald Trump's additional tariff onslaught that was announced April 2, two days after the first quarter ended.
FRANKFURT (Reuters) -Euro zone economic growth held up better than feared last quarter, suggesting that businesses are adapting to trade uncertainty, potentially reducing the need for more European Central Bank interest rate cuts to stimulate the bloc. GDP in the 20 nations sharing the euro currency expanded by 0.1% on the quarter against expectations for an unchanged reading, as Spain, France and Ireland continued to perform above expectations, offsetting weakness in Germany and Italy, data from Eurostat indicated on Wednesday.
UK GDP growth is predicted to lag behind global growth — sitting at 1.2% this year, and 1.4% in 2026, the IMF said.
The United States-European Union trade deal ensures euro area and EU growth will remain relatively resilient this year even though effective US tariffs on EU exports increase this year by around 16pps in aggregate.
Goldman lifted its growth forecasts for the eurozone following the U.S.-European Union trade deal. For 2025, Goldman now expects economic growth in the currency bloc of 1.1%, versus 1% before. For 2026, the bank forecasts 1.
(Bloomberg) -- The European Union dodged an imminent trade war with the US this week, but markets and a growing chorus of critics have dispelled early hopes that the deal will bring a sense of stability back to transatlantic relations. Most Read from BloombergBudapest’s Most Historic Site Gets a Controversial RebuildSan Francisco in Talks With Vanderbilt for Downtown CampusAn Abandoned Art-Deco Landmark in Buffalo Awaits RevivalTrump Administration Sues NYC Over Sanctuary City PolicyThe euro fel
The dollar hit a one-month high versus the euro on Tuesday in the wake of a string of trade agreements between the United States and its major trade partners, while markets await interest rate decisions from the Federal Reserve and the Bank of Japan. U.S. President Donald Trump struck his biggest trade deal yet with the European Union on Sunday, which imposes a 15% import tariff on most EU goods and includes $600 billion of EU investments into the United States. It tops a $550 billion deal signed with Japan last week that includes a 15% reciprocal tariff.
Major cryptocurrencies posted gains on Sunday evening as markets reacted positively to the Donald Trump administration’s landmark trade agreement with the European Union, with analysts attributing the improved risk sentiment to driving momentum in ...
Investors' initial response to the U.S.-EU trade deal framework saw the euro and German stocks slammed lower on Monday, while the S&P 500 and Nasdaq notched fresh closing highs in choppy trade, also supported by optimism around U.S. tech earnings. In my column today I look at whether the Q2 earnings season could be an inflection point for U.S. stocks - does the 'Mag 7' megacap concentration persist, or is the market finally beginning to broaden out? Out-gunned Europe accepts least-worst U.S. trade deal 2.
(Bloomberg) -- Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce. Treasuries edged lower.Most Read from BloombergBudapest’s Most Historic Site Gets a Controversial RebuildSan Francisco in Talks With Vanderbilt for Downtown CampusCan This Bridge Ease the Troubled US-Canadian Relationship?Trump Administration Sues NYC Over Sa
The dollar index (DXY00 ) on Monday rose sharply by +1.03% to a 1-week high. The dollar rallied Monday as global trade tensions eased following the EU and US agreeing to a trade deal, and reports that China and the US are set to extend their trade truce by another...
The FOMC is expected to leave its policy rate unchanged in the 4.25%–4.50% range this week.
Germany and France hit out at the long-awaited EU-US trade deal on Monday, warning it would wound the bloc’s economy, as the euro slid against...
The dollar index (DXY00 ) today is up by +0.72% at a 1-week high. The dollar is gaining today as global trade tensions ease following the EU and US agreeing to a trade deal, and China and the US are set to extend their trade truce by another three months....
September Euro currency futures present a selling opportunity on more price weakness.
French supplier’s revenues being adversely impacted by a weaker dollar.
NEW YORK, LONDON (Reuters) -A global equities gauge fell on Monday while the euro took a tumble and U.S. Treasuries sold off as investors cautiously greeted a trade agreement between the U.S. and European Union at the start of an action-packed week for markets. The weekend's framework trade deal, which European Commission President Ursula von der Leyen described as the best the bloc could get, will impose a 15% import tariff on most EU goods while the EU is set to spend $600 billion on U.S. investments and open up some important parts of its market.