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The percentage of winning bids for the 6-month U.S. Treasury bonds up to July 6 was 0.86%, compared to 96.12% previously.
2026-07-06
The percentage of winning bids for the 6-month U.S. Treasury bonds up to July 6 was 0.86%, compared to 96.12% previously.
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2026-07-06
The June ISM Non-Manufacturing PMI came in at 54, essentially unchanged from the previous month, remaining in expansion territory. This indicates that the overall momentum of the US service sector remains stable, serving as the core support for the c
The June ISM Non-Manufacturing PMI came in at 54, essentially unchanged from the previous month, remaining in expansion territory. This indicates that the overall momentum of the US service sector remains stable, serving as the core support for the current economy. Breaking down the sub-indices: Price Index 67.7 → A significant decline, indicating easing cost and pricing pressures on the service sector. New Orders 55.1 → A slight decline but still expanding; demand has not weakened but has slowed marginally. Employment Index 51.2 → Returned to expansion territory; companies have not significantly laid off employees. For the market, this combination typically corresponds to two changes in expectations: First, marginal easing of sticky inflationary pressures (especially in the service sector); second, the economy remains resilient but no longer supports a narrative of accelerated growth, moving closer to moderate expansion.
2026-07-06
Around 30 European heads of government held a midnight emergency meeting, called by participants a "therapy night", to discuss a breakdown in relations with the United States after President Trump threatened to take Greenland from Denmark. Macron sai
Around 30 European heads of government held a midnight emergency meeting, called by participants a "therapy night", to discuss a breakdown in relations with the United States after President Trump threatened to take Greenland from Denmark. Macron said "there is no turning back" and warned Europe’s overreliance on the US posed a security risk. Several leaders complained the Trump administration appears more focused on mining and energy deals than traditional US security roles; Denmark’s prime minister appeared visibly alarmed. Italy’s Meloni said engagement with Trump was still possible. Leaders said they were exploring different paths from the US but had not pursued a formal split; rising mutual distrust will test alliance cohesion at this week’s NATO summit.
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