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Lloyds Banking Group announced that it will reorganize its Halifax brand and rename it Lloyds.

2026-07-01

Lloyds Banking Group announced that it will reorganize its Halifax brand and rename it Lloyds.

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2026-07-01

CITIC Securities says the PBOC carried out an overnight reverse repo for the first time. The firm argues the move is more about policy stance than scale: the 7-day reverse repo retains its status as the policy rate, while the central bank appears int

CITIC Securities says the PBOC carried out an overnight reverse repo for the first time. The firm argues the move is more about policy stance than scale: the 7-day reverse repo retains its status as the policy rate, while the central bank appears intent on preserving loose liquidity and stable expectations around the half-year turn. The new overnight tool is intended to bridge a tenor mismatch between the 7-day policy rate and an overnight-dominated market, and its same-day maturity/no-balance feature gives the PBOC flexibility to smooth liquidity peaks and troughs at period-ends. Whether the tool is temporary or becomes a new policy-rate anchor will depend on future operation frequency and whether rates are disclosed; this operation announced size only, not a rate. Overall the action signals clear easing intent, but its market impact lies chiefly in policy stance rather than a change in benchmark rates.
2026-07-01

Italy's manufacturing PMI for June was 52.2, below the expected 52.4 and the previous reading of 52.9.

Italy's manufacturing PMI for June was 52.2, below the expected 52.4 and the previous reading of 52.9.
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