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UK's FCA says parts of motor finance redress scheme suspended

Britain's Financial Conduct Authority said on Thursday parts of its motor finance consumer redress scheme had been suspended pending legal challenges brought by four parties.The decision means compensation payments to consumers who may be owed money under the programme will be delayed until the leg…

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Romania sells 896.5 million lei of July 2033 bonds and 1.37 billion lei of 1-Year T-Bills

Romania sold a more than planned 896.5 million lei ($195.42 million) worth of July 2033 bonds and a more than planned 1.37 billion lei worth of 1-Year treasury bills on Thursday, with the average accepted yield at 6.65% and 6.08% respectively, central bank data showed.Debt managers, who had planned…

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Bonds
SPX NQ1! ARM NDX
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Wall St futures mixed as investors await payrolls data

By Niket Nishant and Avinash PWall Street futures were mixed on Thursday as investors awaited the June employment report, while a lack of progress in negotiations to end the Middle East war weighed on sentiment.Markets had a choppy session on Wednesday, with the main indexes settling lower, as Fed…

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India needs to increase oil, fuel storage capacity, minister says

India needs to increase its oil and fuel storage capacity while oil prices are low, and intensify outreach to bilateral partners, Oil Minister Hardeep Singh Puri said on Thursday.The sum total of crude stocks at ports, terminals, refineries and in strategic petroleum reserve is enough to last 76 to…

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EconomyFutures
STLAM F GM
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Automakers tap America's 250th, World Cup to rev up patriotism

By Nora EckertU.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington.A promotion from Jeep-maker Stellantis MIL:ST…

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StocksUS
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Five charts that explain the energy world right now: Maguire

By Gavin MaguireThe latest data dump from the Energy Institute has landed, and as ever, it's an energy analyst's dream: sprawling, consistent and packed with signals about where the global system is heading.The 75th edition of the Statistical Review of World Energy doesn't point to a single neat na…

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Economy
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Indonesia state utility secures additional coal after supply crunch

Indonesian state electricity firm Perusahaan Listrik Negara (PLN) has secured additional coal shipments for its electricity system in Java after supply issues caused a series of power outages, its chief told members of parliament on Thursday.

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EconomyFutures
PX1 SX5E SXXP DAX
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German reform package offers glimmer of hope

GERMAN REFORM PACKAGE OFFERS GLIMMER OF HOPEAfter being unceremoniously dumped out of the World Cup by Paraguay, Germany finally has something to cheer.It might not be as glamorous as the Jules Rimet trophy but Germany's ruling coalition has finally unveiled a package of reforms that analysts belie…

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EconomyindexStocksDE
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Euro zone bond yields inch up, but ECB rate outlook limits rise

By Amanda CooperEuro zone government bond yields edged higher on Thursday, but remained near this week's lows, as investors dialled down their expectations for the European Central Bank to aggressively raise interest rates this year.ECB President Christine Lagarde said on Wednesday the risks to eur…

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Bonds
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Diesel markets thinly discussed though east-west spread widens further

Asia's diesel markets remained thinly discussed on the trading window, despite a firmer paper swaps backwardation structure, with traders looking for signs of August spot offers emerging soon.The east-west price spread widened even further to discounts of more than $80 per metric ton, several trade…

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Futures