Race to net zero: Pressures of the battery boom in five charts
Drivers around the world are feeling the strain of higher gasoline prices to fill up their cars. But metals could soon become the new oil.
Stocks make Recovery Bid, Hemmed in by Weakening Economy
Chinese economy slowed sharply in Q2 U.S. yields, dollar pull back after Fed officials39; comments European markets firmer, with eyes on Italy political crisis LONDON, July 15 Reuters European stocks rose on Friday and Wall Street was tipped for a firmer open as risks appeared to ease of an immediate political crisis in Italy and […]
CAD plunges Mysteriously, USD keeps Rising; US retail sales
Rates as of 0500 GMT Market Recap What do you have to do to get any respect around here? The Bank of Canada shocked markets Wednesday with a 100 bps hike, which almost no one had forseen. Next day, CAD is the weakest currency of the lot, with two standard deviation moves in several of […]
Pound Sterling (GBP) Weekly Forecast: PM Race Hots up in Time for Heatwave
The race for Prime Minister heats up on Friday ahead of the 5 candidate TV debate. Elsewhere, UK CPI and unemployment data to confirm or obfuscate positive GDP data
Volkswagen Sales Drop in Europe but China offers EV Boost
BERLIN, July 15 Reuters Volkswagen Group sales fell by around a fifth in the first half of this year from a year earlier, company data showed on Friday, led by a steep drop in Europe, but batteryelectric sales were boosted by growth in China. Total deliveries to customers worldwide were down 22.4 in the second quarter […]
Rio Tinto Warns of Earnings Hit from Inflation
Q2 iron ore shipment up 4.7, production up 3.6 Fullyear iron ore shipment guidance unchanged Warns of labour shortage in Western Australia Expects GudaiDarri to reach full capacity by 2023 July 15 Reuters Rio Tinto on Friday warned that COVID 19related labour shortages in the resourcerich state of Western Australia and rising inflation would impact its […]
Indian Shares Log 1st Weekly Loss on Rate Hike Jitters
BENGALURU, July 15 Reuters Indian shares posted their first weekly loss in four on fears of aggressive rate hikes by central banks globally, even as gains in auto and consumer goods companies helped stocks close higher on Friday. The NSE Nifty 50 index ended up 0.69 at 16,049.20, while the SP BSE Sensex rose 0.65 to 53,760.78, […]
Israel Inflation Hits 14Year High of 4.4 in June
JERUSALEM, July 15 Reuters Israel39;s annual consumer price index CPI rose 4.4 in June, the most since November 2008, the Central Bureau of Statistics said on Friday as another rise in interest rates beckons. A Reuters poll of analysts had projected 4.5. CPI rose 0.4 in June from May, led by gains in transport, housing […]
UK Issues 1st Extreme Heat Warning, Record Temperatures Loom
LONDON, July 15 Reuters Britain39;s weather forecaster issued its firstever red Extreme Heat warning for parts of England on Monday and Tuesday when temperatures are forecast to reach record highs, triggering a national emergency alert level. Much of Europe is baking in a heat wave that has pushed temperatures into the mid40s Celsius in some […]
Britain in 2.8 bln Upgrade for Typhoon Warplanes
RAF FAIRFORD, England, July 15 Reuters Britain on Friday announced a 2.35 billion pound 2.78 billion upgrade, including a new radar and enhanced electronic warfare capability, for the Eurofighter Typhoon combat jet. The radar known as ECRS Mk II will be installed by the end of the decade, initially on the third tranche of Typhoons, […]