News

The annual layoff rate of challenger companies in the United States in June was -4.5%, compared with the previous value of 3.40%.

Telsey Advisory: Cut price target on Nike (NKE.N) to $47 from $55.

After the euro zone inflation data was released, the market slightly reduced its bets on the European Central Bank to raise interest rates, and is now expected to raise interest rates by 23 basis points before the end of the year.

Iraqi Oil Ministry: Iraq has signed a confidentiality agreement with Chevron (CVX.N) to evaluate the West Qurna 2 oil field.

Preliminary estimates from the Spanish Petroleum Products Strategic Reserve Company show that Spanish motor fuel consumption fell by 4.2% year-on-year in May and 0.7% lower than in April.

The preliminary annual and monthly CPI values ​​for the Eurozone in June will be announced in ten minutes.

According to reports, the Iranian and US negotiating teams did not hold face-to-face talks, but took turns holding indirect talks through mediators in Qatar.

European Central Bank Governing Council Member Kocher: The threat of inflation has decreased, but it has not yet been completely contained. The next decision will be to raise interest rates or keep rates unchanged.

ECB Governing Council Member Nagel: The rise in German energy prices has had almost no second-round effects.

ECB Governing Council Member Nagel: Inflation is still too high.

ECB Governing Council Member Wensch: If there is no significant second-round effect, one interest rate hike may be enough.

[British manufacturing activity slowed despite stockpiling boosting output] PMI data showed that UK manufacturing activity slowed in June even as companies stocked up in advance to cope with rising prices and supply chain issues caused by conflicts in the Middle East, boosting output. The final value of the UK manufacturing PMI fell to 52.5 in June, lower than the initial value of 53.1 and May's 53.9. An index above 50 indicates expansion in industry activity. The survey showed that the output sub-index rose to 52.6 (previously 52.2), hitting the highest level since September 2024. However, Growth in new orders has slowed sharply, in line with findings released by the Confederation of British Industry last week. "UK manufacturing ended the second quarter of the year on a positive note," said S&P analyst Rob Dobson. "Whether this growth momentum can be sustained is increasingly a concern. Manufacturers are currently benefiting from strategic stockpiling by customers as they look to protect against supply chain disruptions and expected price increases. But the decline in new order intake suggests that this boost has begun to fade."

EU antitrust regulators: Paramount has proposed remedies to secure EU approval of the Warner Bros. deal. In accordance with relevant policies, EU regulators did not disclose specific details of the remedial measures.

According to Reuters: Trump's son-in-law Kushner and the US presidential envoy Witkov met with Qatar's prime minister on Tuesday to lay the groundwork for technical talks on Wednesday, but they will not attend the meetings themselves, people familiar with the matter said.

S&P Global: UK manufacturing PMI in June was 52.5. Output growth accelerated while new order growth slowed.

The final value of the UK manufacturing PMI in June was 52.5, which was expected to be 53.1 and the previous value was 53.1.

France will hold the first round of voting in the presidential election on April 18, 2027.

The final value of the UK manufacturing PMI in June will be announced in ten minutes.

Before the U.S. stock market opened, silver mining stocks fell, with Hecla Mining falling 1.5%, Coeur Mining falling 1.2%, and Silvercorp Metals falling 4.2%.

ECB Governing Council Member Nagel: It is too early to judge whether the second-round effect is over.