WS #13056
Europe wildfires threaten insured losses as analysts warn of a 'big economic challenge'; Ceuta declares 'absolute migratory emergency' demanding military deployment; EU to investigate Chinese glass fibre mesh imports via Balkans and Moldova. US Q2 GDP grew at a weaker-than-expected 1.5% (vs est. 2.1%), June PCE was mixed (headline +0.1% M/M vs est. -0.1%, core +0.1% M/M vs est. +0.2%), and jobless claims fell to 197,000 (below 200K est.), supporting a soft landing narrative without shifting Fed rate expectations. The US Dollar Index saw its biggest 2-day drop since Liberation Day, while the yen surged spurring speculation that Japan intervened in the market again. The Korea Composite Stock Price Index (KOSPI) has crashed 44% from its recent high, down 22% in the past two days.
Europe: Wildfires, Migrant Crisis, EU Investigation
Europe wildfires threaten insured losses as analysts warn of a 'big economic challenge'; Ceuta declares 'absolute migratory emergency' demanding military deployment; EU to investigate Chinese glass fibre mesh imports via Balkans and Moldova.
US Q2 GDP grew at a weaker-than-expected 1.5% (vs est. 2.1%), June PCE was mixed (headline +0.1% M/M vs est. -0.1%, core +0.1% M/M vs est. +0.2%), and jobless claims fell to 197,000 (below 200K est.), supporting a soft landing narrative without shifting Fed rate expectations.
The US Dollar Index saw its biggest 2-day drop since Liberation Day, while the yen surged spurring speculation that Japan intervened in the market again.
The Korea Composite Stock Price Index (KOSPI) has crashed 44% from its recent high, down 22% in the past two days.