July 1, 2025
United States:
Treasury Yields Drop to Lowest Level in Two Months Before Powell Speaks
US Treasury yields fell to the lowest level in two months before Federal Reserve Chair Jerome Powell speaks Tuesday, amid growing political pressure to cut interest rates.
The 10-year yield fell three basis points to 4.19%, a level last seen on May 1. Powell will appear on a panel of global central bankers in Sintra, Portugal, later as the US administration steps up its criticism of the Fed as being too slow to reduce borrowing costs.
Europe:
Euro-Zone Inflation Ticks Higher to Match ECB’s 2% Target
Euro-area inflation settled at the European Central Bank’s target in June, strengthening arguments to press pause on a year-long campaign of interest-rate cuts.
Consumer prices rose 2% from a year ago, up from May’s 1.9%, Eurostat said Tuesday.
Asia:
China’s Private Factory Gauge Rebounds After US Trade Truce
China’s manufacturing activity rebounded in June, according to a private survey, suggesting relief after a trade-war truce with the US.
The Caixin manufacturing purchasing managers index rose to 50.4 from 48.3 in May, according to a statement released by Caixin and S&P Global on Tuesday.
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