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Tuesday, July 8, 2025

European Markets Wrap-Up: RBA's Bullock: Our communication strategy is not failing

RBA's Bullock: Our communication strategy is not failing

Being cautious has paid off well for us We put out plenty of information in a timely manner The narrative now is much easier to follow, there's so much information available I'm trying to talk to the... 

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Germany May trade balance €18.4 billion vs €15.5 billion expected

Prior €14.6 billion The German trade balance expanded in May as exports fell by 1.4% on the month but imports fell more by 3.8% on the month in real terms.... 

Japan trade negotiator Akazawa says had phone call with US commerce secretary Lutnick

Spoke with Lutnick for 40 minutes Agreed to actively engage in trade negotiations Japan is not looking for easy compromises The comments are lacking in details as you'd expect but we'll now see what J... 

RBA's Bullock: People got too excited about mention of 50 bps in May meeting

50 bps rate cut was considered in May But it was quickly dismissed We considered 50 bps just for the sake as an alternative But the firm decision was a 25 bps rate cut We're not swinging around at all... 

RBA's Bullock: We want to be sure on inflation

Before August meeting, we will get the next quarterly CPI report The difference today is not direction, it's all about timing If quarterly CPI report reaffirms our expectations, that will validate our... 

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FX option expiries for 8 July 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1700 level. The pair is keeping just below its key hourly moving averages but the expiries here s... 

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