Economics
South Africa Factory Sentiment Worsens as Demand Fades
South Africa’s factory sentiment worsens as fading demand hits key industries like automotive. This slump pressures manufacturers, signaling a deteriorating industrial outlook.
China Leads Economic Shift to Industrial ‘Doping,’ OECD Says
The OECD reports China is pivoting to industrial “doping,” with domestic firms capturing 54% of the robot market in 2025. Government backing is expected to further expand this share.
UK Factory Growth Spurt Set to Be Short-Lived, PMI Shows
UK PMI data indicates the recent surge in factory output is temporary, suggesting the current growth spurt will not be sustained long-term.
ECB Says Consumer Price Expectations Ease But Stay Elevated
ECB officials expect a July rate hike but rarely discuss a 50-basis-point increase. Despite easing, consumer price expectations remain elevated.
India Holds Jet Fuel Prices Steady After Airline Plea
India kept jet fuel prices steady after the aviation sector pleaded for relief, maintaining current rates in response to industry requests.
Bond Trader Bets on Fed Hike Poised for Gut Check From Jobs Data
A bond trader’s Fed hike bet faces a critical test from upcoming jobs data. Meanwhile, NYC’s 350 Park Avenue project faces uncertainty due to Mayor Mamdani’s tax remarks.