Germany's Chemical Sector Sees Faltering Business Climate in June, Ifo Data Shows

The business climate in Germany's chemical industry worsened in June after four straight months of growth due to a decline in order backlog and demand for chemicals, the ifo Institute said Monday.

MT Newswires04:25 ET

HSBC is expected to cut interest rates by 25 basis points this week, and the US and Canada are expected to break through 1.3750 and reach 1.3900!

In the survey from July 16th to 19th, nearly three-quarters of the surveyed economists expected the Bank of Canada to cut interest rates by 25 basis points on Wednesday this week. The surveyed economists also predict that the Bank of Canada will pause its easing cycle at the September meeting, and then resume interest rate cuts in October and December. Forex analyst Saqib Iqbal pointed out that if the USD/CAD breaks through the 1.3600 support and 1.3750 resistance range, it will return to the key level of 1.3900.

FX678 Finance22:23 ET

Canada Producer Prices Flat in June, Raw Material Costs Slide

Excluding energy products, producer prices edged up 0.1% on-month, the data agency said Friday.

WSJJul 19 10:55 ET

Eurozone Businesses Expect Wage Growth Slowing, ECB Survey Finds -- Update

Eurozone businesses expect wages to rise at a slower pace this year and next, a finding that will help reassure policymakers at the European Central Bank that inflation has been tamed.

WSJJul 19 05:41 ET

ECB: Forecasters Revise Inflation, GDP Expectations in Q3

Professional forecasters updated their eurozone inflation and real gross domestic product growth expectations in the third quarter, according to a quarterly survey by the European Central Bank published Friday.

MT NewswiresJul 19 05:35 ET

ECB Policymakers Back More Rate Cuts as Inflation Heads Back to Goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

Yahoo FinanceJul 19 05:21 ET