JPMorgan May Replace Goldman Sachs as Apple Card Partner
🔑 Key Takeaways Background and What’s at Stake According to the Wall Street Journal, JPMorgan Chase (NYSE: JPM), the largest U.S. bank, is currently Apple’s (NASDAQ: AAPL) preferred candidate to run the Apple Card. The two companies have been in...
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China FDI Falls 15.2% in H1 2025, But High-Tech Draws Foreign Interest
🌏 Key Takeaways 📊 China FDI Overview: Foreign Direct Investment in H1 2025 China’s FDI in the first half of 2025 fell 15.2% year-on-year, totaling CNY 423.23 billion. Investment trends shifted away from broader sectors, even as high-tech industry areas...
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US-EU Trade Agreement Boosts Global Stocks and Euro Amid Policy-Heavy Week
Global stocks rallied and the euro climbed on Monday following a newly reached trade agreement between the United States and the European Union. The deal, which imposes a 15% baseline tariff on most European goods—half of the originally threatened rate—boosted...
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Germany’s Ifo Business Climate Index Rises to 88.6 in July 2025
Germany’s Ifo Business Climate Index edged up to 88.6 in July 2025 from 88.4 in June, marking the highest reading since May 2024. However, the figure came in slightly below market expectations of 89.0, signaling that Europe’s largest economy is...
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Japan’s Leading Economic Index Revised Down, Employment Data Darkens Outlook
📌 Key Takeaways Major Index Update: Japan’s Leading Economic Index Adjusted Japan’s leading economic index, a forward-looking gauge of economic conditions, was revised down to 104.8 in May 2025. This marks a decline from the initial estimate of 105.3, although...
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ECB Holds Rates at 2.15%, Ending Easing Cycle Amid Trade Concerns
📌 Key Takeaways ECB Holds Fire After Easing Cycle The European Central Bank (ECB) held interest rates unchanged during its July meeting, maintaining the main refinancing rate at 2.15% and the deposit facility rate at 2.0%. This decision effectively signals...
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UK Manufacturing PMI Rises to 6-Month High, But Sector Remains in Contraction
📌 Key Takeaways UK Manufacturing PMI Improves Slightly in July 2025 The UK Manufacturing PMI rose to 48.2 in July 2025, according to S&P Global’s preliminary estimate. Although the index remains below the 50 threshold that separates growth from contraction,...
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Gold Prices Slide as Trade Tensions Ease and Risk Appetite Grows
🔍 Key Takeaways Gold Price Slide As Trade Optimism Takes Hold Gold extended losses on Thursday, dropping 0.6% to $3,362.59 per ounce by 09:30 GMT, after shedding 1.3% in the previous session. Meanwhile, U.S. gold futures slid 0.9% to $3,367.30. This...
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Germany Consumer Climate Slumps to −21.5 in August Amid Tariff Anxiety
📌 Key Takeaways 📊 Key Data at a Glance Indicator August 2025 July 2025 GfK Consumer Climate −21.5 −20.3 Forecast −19.2 — Saving Propensity 16.4% 13.9% Willingness to Buy −9.2 −6.2 Economic Expectations 10.1 20.1 Income Expectations 15.2 12.8 Shift...
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U.S. Existing-Home Sales Fall 2.7% in June to Multi-Month Low
📌 Key Takeaways 📉 June Housing Market Snapshot Metric June 2025 May 2025 / Previous Existing-home sales (annual rate) 3.93M units 4.04M (-2.7%) Market expectations 4.01M Median home price $435,300 — Single-family homes 3.57M units (-3%) — Condos & co-ops...
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