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Data show household AC penetration in Europe is only about 20%. A concentrated surge in European cooling demand has driven sustained growth in overseas orders for Chinese-made air conditioners, prompting factories to run overtime to meet export deman

2026-07-01

Data show household AC penetration in Europe is only about 20%. A concentrated surge in European cooling demand has driven sustained growth in overseas orders for Chinese-made air conditioners, prompting factories to run overtime to meet export demand. Since March, Europe-targeted export orders have jumped sharply; May exports exceeded 800,000 units, up 20.3% YoY.

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2026-07-01

ECB Governing Council member De Marco said the bank can wait for the next round of economic projections before deciding on further tightening, and that the ECB should not rush into another rate hike after the recent fall in oil prices.

ECB Governing Council member De Marco said the bank can wait for the next round of economic projections before deciding on further tightening, and that the ECB should not rush into another rate hike after the recent fall in oil prices.
2026-07-01

BofA says Fed officials cut public appearances to 12 speeches/interviews in the two weeks after the June FOMC, versus an average of about 23 in the same post-meeting window since 2022. The bank flags this could be an early sign the Fed chair is favor

BofA says Fed officials cut public appearances to 12 speeches/interviews in the two weeks after the June FOMC, versus an average of about 23 in the same post-meeting window since 2022. The bank flags this could be an early sign the Fed chair is favoring a lower-profile communications strategy, but notes the drop may also reflect the July 4 holiday and a lack of additional commentary following June guidance. Time will tell if this is a durable trend or noise.
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