Europe's Dependence On US LNG Set To Surge

UK Pushes Ahead With Temporary Ban On Political Crypto Donations Authored by Stephen Katte via CoinTelegraph.com, The UK government is advancing plans for a moratorium on political donations made through cryptocurrencies, following an independent review and pressure from multiple high-ranking politicians. Cointelegraph reported on Wednesday that the Rycroft Review, an independent inquiry into foreign financial interference in the UK’s political and electoral systems, recommended a moratorium on crypto donations to political parties. New statements from UK Prime Minister Keir Starmer on Wednesday have confirmed that the government will pursue the temporary ban. “I can tell the...

US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp). Both solidly above the '50' line suggesting growth... Source: Bloomberg Put simply: US manufacturing activity expanded for a sixth straight month in June as...

Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor U.S. auto sales came in stronger than expected in August, offering another sign that consumer demand for new vehicles remains relatively resilient despite elevated borrowing costs and broader questions about the economy. According to Deutsche Bank’s auto team, led by Edison Yu, August sales ran at a seasonally adjusted annual rate of roughly 16.9 million vehicles. That was comfortably ahead of the bank’s 16.4 million estimate and also above the roughly 16.4 million pace recorded a year earlier. The...