Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
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Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
China Home Prices Fall Again as Property Slump Drags on Growth 
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Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
UK Businesses Urge Government to Cut Electricity Levies 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
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Export expectations in Germany's manufacturing sector rose in July to 6.9 points from the -2.2 in the previous month with the automotive industry among the most optimistic due to economic recovery in many countries.
Production in Germany's car industry was halted at some sites during the lockdown as companies were already struggling to shift toward electric vehicles.
But cautious optimism is now spreading among German exporters, with the automobile sector among the most upbeat.
Last week, Daimler identified signs of recovering demand for Mercedes-Benz models and electric vehicles while Volkswagen expects modest growth in China's premium car segment this year.
BMW also posted better second-quarter sales in China.
The Ifo institute said that chemical and electronics companies feel more optimistic about their export prospects, while the mechanical engineering firms became less pessimistic.
Experts see the German economy plunging by double digits in the second quarter when the pandemic almost halted economic activity completely.
