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  • Canada's Ivey PMI rises to 2-year high as purchasing activity accelerates

    Canadian purchasing activity expanded at its strongest pace in more than two years in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis. The seasonally adjusted PMI rose to 68.5 from 58.2 in June.

  • UK and Japan aim to strike outline trade deal this month

    • BY Reuters|
    • 10:45 AM ET 08/07/2020

    Britain and Japan have reached substantial agreement in most areas for a bilateral post-Brexit trade deal and will try to clinch a preliminary deal by the end of this month, top officials from both countries said on Friday.

  • White House's Kudlow says more COVID-19 talks expected Friday -Bloomberg TV

    • BY Reuters|
    • 10:30 AM ET 08/07/2020

    White House economic adviser Larry Kudlow said more talks were expected on Friday between the White House and Democrats on further coronavirus relief aid after negotiations appeared to have stalled the day before. "I'm sure there will be talks, whether formally or informally.

  • CANADA STOCKS-TSX tracks fall in energy stocks as oil slips, Trump imposes tariffs

    Canada's main stock index fell on Friday, weighed down by energy stocks as oil weakened on demand concerns due to a resurgence in coronavirus cases globally, and as U.S. President Donald Trump imposed tariffs on some Canadian aluminum products. * COVID-19 cases in the United States have been rising in several states, while India reported a record daily jump in infections on Friday.

  • UK and Japan aim for outline trade deal this month - Japanese foreign minister

    • BY Reuters|
    • 10:23 AM ET 08/07/2020

    Britain and Japan have reached substantial agreement in most areas for a bilateral post-Brexit trade deal and will speed up their talks, Japan's foreign minister said on Friday. "We agreed to accelerate talks with an aim of reaching an outline agreement by the end of August," Japanese Foreign Minister Toshimitsu Motegi, who is in London for talks, told reporters in an online briefing.

  • Baltic index wraps up best week since late-June

    The Baltic Exchange's main sea freight index wrapped up its best week in more than one month, ending broadly steady on Friday, as a slide in capesizes offset higher panamax and supramax rates. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up by a point, at 1,501.

  • TREASURIES-U.S. yield curve flattens after job growth slows in July

    • BY Reuters|
    • 10:21 AM ET 08/07/2020

    The spread between long- and short-dated Treasury yields narrowed on Friday morning, a bearish signal, after the Labor Department reported that U.S. jobs growth slowed sharply in July, although less than expected. Longer-dated yields initially rose after the July employment report showed the headline payrolls figures beat economists' expectations.

  • Canada's Ivey PMI shows acceleration in July purchasing activity

    Canadian purchasing activity expanded at a stronger-than-expected pace in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis.

  • Lebanon's investors wary as blast upends debt revamp plans

    • BY Reuters|
    • 10:08 AM ET 08/07/2020

    Lebanon's creditors are wary of the risk of even steeper losses as a devastating blast in Beirut complicates an already stalled debt restructuring process. Even before Tuesday's explosion in Beirut's port that killed 154 people, progress had been slow on a turnaround from deep financial turmoil that culminated in a default on Lebanon's foreign currency debt in March.

  • Fed's Rosengren says 509 financial institutions have registered with Main Street Lending Program

    • BY Reuters|
    • 10:03 AM ET 08/07/2020

    Since registration opened in mid-June, 509 financial institutions have signed up with the Main Street Lending Program, Boston Federal Reserve Bank president Eric Rosengren said on Friday.

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