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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.
China's Central Bank Lowers Key Policy Rate Unexpectedly
China's central bank unexpectedly cut a key policy rate to support the country's ailing economy, just days after a flurry of data showed that a lopsided recovery might have lost some steam. The
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.
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.
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.
German Bund Yields Could Swing Lower If Next Week's Eurozone PMI Data Is Weak -- Market Talk
Eurozone purchasing manager survey data next Wednesday could push German Bund yields lower after they have been largely moved by U.S. data in the past few months, rates strategists at Barclays Research say in a note. "Bullish impulses from the U.S. in the past couple of months have been a key factor in pushing Bund yields lower as domestically there is little impulse to generate a sustained move in either direction," they say. Next week's PMI data could be crucial, and if the market sees another month of weakness following the June downside surprise, Bunds could start generating bullish impulses of their own, the strategists say. The 10-year Bund yield is trading 2 basis points higher at 2.407%, according to Tradeweb.