Monthly Archives: July 2025
RUB reflects unwarranted optimism, influenced by Commerzbank’s view on the Ukraine conflict and sanctions
Written on July 1, 2025 at 2:43 pm, by
Rouble’s exchange rate shows artificial strength amid sanctions; rising financial stress signals potential further depreciation.
In June, UK manufacturing faced ongoing declines, yet optimism rose to a four-month peak and stabilised
Written on July 1, 2025 at 2:19 pm, by
UK manufacturing PMI improves to 47.7; optimism rises amid easing costs, but concerns over demand remain.
According to Kazaks from the ECB, any subsequent rate reduction is expected to be minimal
Written on July 1, 2025 at 2:13 pm, by
ECB’s Kazaks signals minor rate cuts; warns tariffs, Euro strength could hurt exports; EUR/USD rises.
In June, German unemployment remained at 6.3%, with 11k employment changes against 15k forecasted
Written on July 1, 2025 at 1:48 pm, by
German unemployment rose in June to 2.97 million, nearing 3 million, but increase was smaller than expected.
The dollar weakens amidst low volatility, with equity and debt volatility decreasing more than FX
Written on July 1, 2025 at 1:43 pm, by
Dollar weakens amid low volatility; carry trades thrive; Fed Powell’s remarks and macro data eyed closely.
Manufacturing PMI in Switzerland rose to 49.6, surpassing expectations amid increasing output and orders
Written on July 1, 2025 at 1:19 pm, by
Switzerland’s manufacturing PMI improved to 49.6, signaling growth, though firms foresee rising protectionism ahead.
The 12-month Letras auction in Spain rose to 1.9%, up from 1.878% beforehand
Written on July 1, 2025 at 1:12 pm, by
Spain’s 12-month Letras yield rose to 1.9%, signaling a slight uptick in interest rates.
Escriva emphasised the ECB’s 2% target while advocating patience amid evolving economic conditions
Written on July 1, 2025 at 12:49 pm, by
The ECB remains committed to its 2% inflation target, guiding policy amid shifting economic conditions.
The auction yield for Spain’s 6-Month Letras fell to 1.872%, down from 1.89%
Written on July 1, 2025 at 12:43 pm, by
Spain’s bond rates dip; EUR/USD stable; gold, Bitcoin Cash rise; oil markets edgy amid tensions.
Bailey emphasises inflation monitoring, indicating soft labour markets and gradual interest rate reductions.
Written on July 1, 2025 at 12:19 pm, by
Governor stresses inflation vigilance, gradual interest rate path, and productivity growth amid global uncertainty and softening labour market.
