Japan June Export Rise Led by Chip-Making Equipment, Non-Ferrous Metals on Recovering Chinese Demand; Trade Balance Posts 1st Surplus in 3 Months

–Imports Up on Strong Demand for Computers, Engines, Smartphones–Exports to China Post 7th Straight Y/Y Rise Following Last Year’s Slump–Exports to US Remain Robust; Those to EU Mark 3rd Straight Y/Y Slip By Max Sato (MaceNews) –Japanese export values rose 5.4% for the seventh straight year-over-year increase in June, led by solid demand for semiconductor-making […]

Italy Eyes More Medium-Long Bonds to Lengthen Debt Life – Sources 

According to Rome’s government that has carried out several surveys, longer maturities appeal to Italian families as they tend to have lots of savings they prefer to invest in long term investments, and trust the state to hold their money more than banks.  “The era of zero rates is over, which means that the cost […]

US June ISM Manufacturing in Contraction for 3rd Straight Month as Demand Remains Weak amid High Interest Rates

–ISM Manufacturing Index Dips to 48.5 from 48.7 in May, Below Median Forecast of 49.1–ISM’s Fiore: Biggest Concern in June Report is over Falling Production–Fiore: Employment Unlikely to Expand Without Significant Pickup in Demand–Fiore: Manufacturing Still ‘Stable’ During Summer Months When Activity Slows Down By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction […]