Brazil's Treasury said on Tuesday it expects the country's gross debt to reach 83.5% of gross domestic product this year, before rising to a peak of 87.9% in 2029. In its fiscal projections report, the Treasury said the debt trajectory is then forecast to gradually decline from 2030, falling to 83.1% of GDP by 2036.
* Job openings increase 9,000 to 7.594 million in May. * Healthcare and social assistance vacancies drop 115,000. * Hiring falls for second straight month; layoffs rise in healthcare and social assistance sector. * Consumer confidence edges up in June; labor market perceptions deteriorate. By Lucia Mutikani.
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday it remains possible that she'll advocate for higher interest rates if inflation pressures don't moderate. "We've got inflation that's too high and it's been too high for the past five years," Hammack said in an interview on CNBC.
US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said Tuesday. The consumer confidence index climbed to 91.2 this month from May's downwardly revised reading of 90.6. The consensus was for a 94.4 print in a Bloomberg survey.
The European stock markets closed mixed in Tuesday trading as the Stoxx Europe rose 0.9%, Germany's DAX surged 1.4%, the FTSE 100 gained 0.1%, France's CAC declined 0.4%, and the Swiss Market Index fell 0.1%. In the UK, real gross domestic product grew 0.6% in Q1 and was 0.9% higher than a year earlier, according to the Office for National Statistics.
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday central bank interest rate hikes may still be in the cards if inflation pressures don't moderate. "I'm going to keep an open mind" about what the Fed needs to do on interest rate policy, Hammack said in a CNBC interview.
U.S. consumer confidence nudged higher in June as a fragile truce in the Middle East conflict weighed down on gasoline prices, while households' perceptions of labor market conditions deteriorated, with the share viewing jobs as hard to get rising to near a 5-1/2 year-high, a survey showed on Tuesday.
U.S. consumer confidence nudged higher in June as a fragile truce in the Middle East conflict weighed down on gasoline prices, while households' perceptions of labor market conditions deteriorated, with the share viewing jobs as hard to get rising to near a 5-1/2 year-high, a survey showed on Tuesday.
The Conference Board's measure of consumer confidence rose to 91.2 in June from a downwardly revised 90.6 in May, below a reading of 94.4 expected in a survey compiled by Bloomberg.
April's stronger-than-expected real gross domestic product figures indicates a better transition to the second quarter with Q2 growth now tracking above an annualized pace of 2%, TD Economics wrote in a note.
U.S. job openings edged up to a two-year high in May, but subdued hiring soured consumers' perceptions of the labor market, with the share viewing employment as "hard to get" surging to nearly a 5-1/2-year high in June. Economists said the mixed reports on Tuesday suggested the labor market remained stable, despite strong gains in recent months.
* Spot gold hit lowest level since November earlier in the session. * Uncertainty over Qatar diplomacy clouds prospects for US-Iran deal. * US ADP employment and payrolls data due later this week. By Sukanya Mitra.
Consumers downgraded their assessment of the current labor market but expect some improvement in business and financial conditions ahead NEW YORK, June 30, 2026 The Conference Board?Consumer Confidence Index??inched up by 0.6 points to 91.2 in June, up from a downwardly revised 90.6 in May. The Present Situation Index?based on consumers' assessment of current business and labor market condition...
* June inflation weaker than expected in Germany, France, Italy. * Spain the lone outlier, inflation steady and above forecast. * Full euro zone inflation data due on Wednesday. By Leigh Thomas. Inflation slowed more than expected across most major euro zone economies in June, preliminary data showed on Tuesday, easing pressure on the European Central Bank to raise interest rates in the near term.
The Case-Shiller National Home Price index rose by 0.8% in April before seasonal adjustment following a 0.7% increase in March. National home prices were up 0.9% year-over-year.
The FHFA's measure of home prices fell by 0.1% in April after a 0.2% increase in the previous month, compared with the 0.2% gain expected in a survey compiled by Bloomberg as of 7:35 am ET. Prices were up 2% from a year earlier in April.
The global economy is expected to grow 2.4% in 2026, according to Visa Business and Economic Insights? 2026 Midyear Global Economic Outlook. ?As digital commerce continues to reshape how people shop and pay, consumers are finding more ways to compare prices and stretch their budgets, helping to keep inflation in check,? said Wayne Best, chief economist at Visa.
?House prices set a new peak, despite muted annual appreciation, as limited supply continues to provide upward pressure on home values, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its May 2026 Home Pri...
Real gross domestic product grew 0.5% in April, after contracting 0.1% in March, reports Statistics Canada. Goods-producing industries rose 1.2% in April, helped by mining, quarrying, and oil and gas extraction. Services-producing industries edged up 0.3%, the third monthly increase in a row. Overall, 14 of the 20 industrial sectors advanced in April, the agency reported.
Brazil's gross debt rose more than expected in May, central bank data showed on Tuesday, as the country's rising interest bill pushed borrowing higher.
Health care leads jobs gains; with 14 of 19 sectors, all four U.S. regions, and every company size tier remain in positive territory. SAN FRANCISCO, June 30, 2026 ?Gusto, the leading partner for small businesses, today released its June 2026 Small Business Jobs Report, showing America's small businesses added an estimated 32,900 net new jobs on a seasonally adjusted basis last month.
Statistics Canada is releasing Canadian real gross domestic product figures for April at 8.30 am today and BMO Capital Markets is calling for a 0.3% expansion for the month of April, the bank said in a note.
Brazil's gross debt climbed to 81.1% of gross domestic product in May, central bank data showed on Tuesday, from 80.2% the month before and above the 80.7% expected in a Reuters poll. The country's public sector posted a primary deficit of 56.131 billion reais for the month, surpassing the 53.5 billion reais shortfall forecast in the poll.
Canadian stock index futures rose on Tuesday, as higher commodity prices and easing geopolitical tensions put the main benchmark on track for a strong quarterly performance. * Optimism around AI and signs of a resilient global economy despite several headwinds have supported global stock markets this year.
The Federal Reserve's rebuild of money market liquidity is pointing to a quiet turn of the quarter, market participants say, as ample central bank cash depresses the volatility that often emerges around such calendar dates.
* Futures up: Dow 0.13%, S&P 500 and Nasdaq 0.04% each. Wall Street futures were largely unchanged early on Tuesday, as investors took a breather in the final trading session of a quarter that saw equities post the biggest gains in years. A slew of economic data, including the JOLTS job openings report and the Conference Board's consumer confidence index, would be in focus later in the day.
* Gold, silver set for biggest quarterly drop since 2013. * Silver set for sharpest monthly loss since September 2011. * Platinum set for worst month since 2008, quarter since Jan 2020. * US ADP employment and nonfarm payroll data due later this week. By Sumit Saha.
The U.S. stock market faces a gauntlet of tests to keep its rally going in the second half of 2026, from the sustainability of AI spending to a high corporate earnings bar and the outlook for interest rates under a Federal Reserve with a new chairman.
The Supreme Court may have reaffirmed the U.S. Federal Reserve's independence, but in a pair of rulings also left the central bank isolated as possibly the last agency able to wield executive power based on expertise free of the threat of its officials being fired by the president.
* Supreme Court rejects Trump's bid to fire Fed's Lisa Cook. * It says firing Fed governor requires a substantial hurdle. * Ruling notes Fed's unique public-private structure. * Second ruling frees a president's hands in agency firings. By Howard Schneider.
* Massive AI capital spending a critical theme for rest of year. * Investors banking on strong US corporate earnings. * Fed rate decisions, midterm elections also loom. By Lewis Krauskopf.
* Fed's reserve management buying appears to be calming money markets. * Quarter-end expected to be quiet at Fed facilities, traders say. * Unclear when Fed's liquidity-bolstering Treasury bill buying will end. By Michael S. Derby.
* Gold, silver set for biggest quarterly drop since 2013. * Silver set for sharpest monthly loss since September 2011. * Platinum set for worst month since 2008, quarter since Jan 2020. * US ADP employment and nonfarm payroll data due later this week. By Pablo Sinha.
Political pressure on the Bank of Japan to slow its interest rate hikes is growing amid a push by Sanae Takaichi's government to restore dovish policymakers to the bank, a shake-up that could change its long-term policy direction.
Absa Group Ltd: * VOLUNTARY TRADING UPDATE FOR THE SIX MONTHS ENDING 30 JUNE 2026. * EXPECTS REVENUE TO GROW BY LOW TO MID-SINGLE DIGITS IN 1H26. * EXPECTS HEADLINE EARNINGS TO GROW MID- TO HIGH SINGLE DIGITS IN 1H26. * OPERATING ENVIRONMENT REMAINS CHALLENGING AND UNCERTAIN. * MIDDLE EAST CONFLICT INCREASED GLOBAL INFLATION EXPECTATIONS AND DAMPENED GDP GROWTH.
* Ralph Lauren (RL) reported a 50% sales jump in China last quarter. * The company operates around 250 stores in China. * Analysts say shoppers shifted from top-tier luxury to brands offering stronger value. * Executives say China momentum reflects a multi-year brand overhaul, not a short-term rebound. By Casey Hall.
More of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed. It is the first time the survey, carried out by the Official Monetary and Financial Institutions Forum, has found such a shift away from the dollar.
* Central banks are expected to decrease U.S. dollar holdings over next decade, survey shows. * Gold holdings by central banks have increased. * Two-thirds of central banks surveyed plan to increase AI integration. By Libby George.
* Gold, silver set for biggest quarterly drop since 2013. * Silver set for sharpest monthly loss since September 2011. * Platinum set for worst month since 2008, quarter since Jan 2020. * US ADP employment report and NFP data due later this week. By Pablo Sinha.
The unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank policymakers to lift interest rates next month but the case for a small hike later on remains firm, four sources told Reuters.
Copper drifted on Tuesday, as traders held back ahead of possible U.S. tariffs, while a firm dollar countered an expansion in China's factory activity. The benchmark three-month copper on the London Metal Exchange rose 0.37% to $13,327.50 a metric ton by 0326 GMT, while the most-traded copper contract on the Shanghai Futures Exchange slipped 0.10% to 102,520 yuan a ton.
China's central bank ramped up liquidity injections on Tuesday, doubling the amount of cash supplied through overnight reverse repos as seasonal month-end demand intensified. The People's Bank of China offered 600 billion yuan to financial institutions through the overnight reverse repos in open market operations on Tuesday, it said in an online statement, without disclosing the borrowing cost.
* China's official manufacturing PMI returns to expansion in June. * New export orders turn positive, factory gate prices slip. * Non-manufacturing PMI improves to 50.2 from 50.1 in May. By Joe Cash.
China's non-manufacturing activity expanded for a second month in June, an official survey showed on Tuesday. The non-manufacturing purchasing managers' index, which includes services and construction, rose to 50.2 from 50.1 in May, according to the National Bureau of Statistics.
China's central bank conducted overnight reverse repo operations again on Tuesday, offering 600 billion yuan to financial institutions, it said in an online statement, without disclosing the borrowing cost. The People's Bank of China also said it injected 69.5 billion yuan through seven-day reverse repos, with the rate unchanged at 1.4%, according to the statement.
Gold fell over 1% on Tuesday and was set
for a fourth straight monthly decline, as uncertainty in the
Middle East gave way to expectations of U.S. interest rate hikes
to tame inflation.
Collins Foods (CLLFF), operator of KFC (YUM) restaurants in Australia, reported a decline in same-store sales in its European operations in the early part of fiscal 2027 on Tuesday, due to a heatwave that disrupted consumer sentiment, reversing early gains in its shares.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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