News/Event
The ongoing US government shutdown, now the longest in history, is likely to extend the halt in US economic data releases.This will leave the spotlight to private data, featuring weekly ADP employment figures and the NFIB Small Business Optimism Index.In Europe, data updates will be headlined by th…
Petroleum futures were little changed at midday Friday as a weak U.S. consumer confidence reading outweighed concerns over renewed Ukrainian attacks on Russian refineries.The NYMEX December West Texas Intermediate contract was up about 25cts to $59.70/bbl at about noon ET and January WTI was also 2…
By Polina Devitt Copper prices rose on Friday, supported by a weaker dollar and signs of easing trade tensions between Washington and Beijing and ignoring, for now, lower copper imports by top metals consumer China.Benchmark three-month copper COMEX:HG1! on the London Metal Exchange was up 0.1…
By Lucia Mutikani U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded…
Silver rose by almost 1% to around $48.5 per ounce on Friday, extending recent gains as weak US data strengthened demand for safe heaven assets and expectations for Federal Reserve rate cuts.The University of Michigan’s consumer sentiment dropped to 50.3 in November, the second-lowest reading on re…
Median inflation expectations in the United States fell to 3.2% for the one-year horizon in October 2025, down from 3.4% in September, which had marked a five-month high.Expectations for inflation three and five years ahead remained unchanged at 3.0%, suggesting longer-term views remain stable.Home…
By Robb M. StewartOTTAWA--Canada saw another month of unexpectedly strong hiring in October, pulling the jobless rate down for the first time in four months and offering an early hint the struggling economy is steadying.Employers in the country added 66,600 jobs last month, which alongside an only…
By Sabrina EscobarAmericans are walking into the holiday season feeling decidedly gloomy about the U.S. economy, according to two new consumer surveys released Friday.Concerns about the continuing government shutdown, weakening labor market, and a potential rise in inflation are weighing on the con…
CONSUMER SENTIMENT DOWN NEARLY 30% SINCE TRUMP RE-ELECTION, CURRENT CONDITIONS AT ALL-TIME LOWThe government shutdown, now the longest in U.S. history, has left investors and the Fed alike scrambling in the dark with a dearth of official economic indicators to light the way forward. Ordinarily, on…
By Robb M. StewartOTTAWA--Canada saw another month of unexpectedly strong hiring in October, pulling the jobless rate down for the first time in four months and offering an early hint the struggling economy is steadying.Employers in the country added 66,600 jobs last month, which alongside an only…
By Michael S. DerbyAmericans last month said that they expected moderating near-term inflation pressures as they continued to worry about the outlook for the job market and their personal finances, a report from the Federal Reserve Bank of New York said on Friday.In October, households said a year…
Treasury yields weaken as consumer sentiment falls more than expected. The University of Michigan indicator falls to 50.3 from 53.6. Economists polled by WSJ expected 53. Treasurys have been rising in value, sending yields down, amid indications that U.S. labor markets are losing steam, which keeps…
1033 ET - Treasury yields weaken as consumer sentiment falls more than expected. The University of Michigan indicator falls to 50.3 from 53.6. Economists polled by WSJ expected 53. Treasurys have been rising in value, sending yields down, amid indications that U.S. labor markets are losing steam, w…
Gold prices rose slightly to around $3,990 per ounce on Friday, supported by a weaker dollar and renewed safe-haven demand amid uncertainty over the US government shutdown.Mixed US data also influenced sentiment.A sharp drop in consumer confidence to its second-lowest level on record, together with…
By David BeckworthAbout the author: David Beckworth is a senior research fellow with the Mercatus Center and host of the Macro Musings podcast.The last mile of a long journey is often the hardest. The Federal Reserve has traveled far in its fight against inflation since it peaked near 9% in 2022. B…
The yield on the 10-year Treasury note fell to4.1% from the one-month high of 4.16% as compounding signs of a weaker economy favored the outlook of a rate cut by the Federal Reserve next month.The Michigan consumer sentiment index unexpectedly sank to it second-lowest on record in November.Also, th…
The University of Michigan’s consumer sentiment index fell to 50.3 in November 2025, down from 53.6 in October and below market expectations of 53.2, according to preliminary estimates.This marked the lowest reading since June 2022, driven by a 17% drop in assessments of current personal finances a…
The unemployment rate in Canada fell to 6.9% in October of 2025 from the four-year high of 7.1% in the previous month, compared with market expectations that it would remain unchanged at 7.1%.National employment increased by a net 66,600 jobs to 21,015,300, extending the jump from the previous mont…
By Stephen Wilmot and Raffaele HuangNexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry.German automotive supplier Aumovio, which was recently spun out of tire giant Continental, said Friday that the Sino-Dutch…
The dollar index fell to 99.4 as US consumer sentiment slumped to its weakest level in more than three years.The University of Michigan’s November reading dropped to 50.3, hit by the prolonged government shutdown, persistent price pressures, and deteriorating personal finances.Current conditions sa…
The Canadian dollar appreciated toward 1.405 per USD, rebounding from the seven-month high of 1.412 on November 6th amid a batch of strong labor market data.The unemployment rate fell to 6.9% in October from the four-year high of 7.1% in the previous month, supported by an unexpected surge in emplo…
The year-ahead inflation expectations in the United States, as compiled by the survey of the University of Michigan, edged up to 4.7% in November 2025 from 4.6% in September, preliminary figures showed.Meanwhile, the five-year inflation outlook eased to 3.6% in October from a four-month high of 3.9…
The S&P/TSX Composite fell 0.7% to below 30,000 on Friday as investors assessed corporate earnings and strong labor data, which could end the Bank of Canada’s rate cuts.The unemployment rate unexpectedly dropped to 6.9%, while employment surged, reinforcing signs the BoC’s easing cycle is over.Mean…
The volatility in Canadian jobs numbers continues. Employment in October shot up by 66,600, where economists anticipated a dip of 5,000 jobs. Added to the 60,400 jobs the economy added in September, it means the sharp loss of 106,300 jobs in July and August has more than been reversed. Looking thro…
The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. Construction projects are starting to slow down and travel is suffering, Hassett said in an inte…
Canada’s employment rose by 66,600, or 0.3%, in October 2025, following a 60,400 increase in September, and better than market estimates of a 2,500 drop.Job gains were concentrated in part-time positions (+85,100), which more than offset a 18,500 decline in full-time jobs.There were more people wor…
Germany’s trade surplus narrowed to EUR 15.3 billion in September 2025, down from a downwardly revised EUR 16.9 billion in August and below market expectations of EUR 16.8 billion.This marked the smallest trade surplus since October 2024, as exports rose slightly less than imports.Exports grew 1.4…
The Bank of England’s MPC voted 5–4 to keep the Bank Rate at 4% at its 5 November meeting, in line with expectations.Four members preferred a 25 bps cut to 3.75%, reflecting growing support for easing.Policymakers noted that CPI inflation has peaked and underlying disinflation is progressing, helpe…
The economic impact of the U.S. government shutdown is far worse than expected, White House economic adviser Kevin Hassett said on Friday.The travel and leisure industry are among the hardest sectors hit, Hassett said in an interview with Fox Business Network.
By Brijesh Patel Gold rose on Friday as expectations of more interest rate cuts by the Federal Reserve and concerns over the U.S. economic outlook amid a prolonged government shutdown buoyed demand.Spot gold TVC:GOLD was up 0.6% at $3,999.89 per ounce, as of 1148 GMT. U.S. gold futures TVC:G…
In a podcast interview, newest Fed Governor (Trump appointee and dove)Miran says: We have the extremes with Hammock driving the hawkish views and Miran driving the dovish views.Stocks are off lows but still down sharply on the day. This article was written by Greg Michalowski at investinglive.com.
Indonesia’s IDX Composite climbed 52 points, or 0.6%, to a record high of 8,387 on Friday, securing a 2.8% weekly advance.Investors shrugged off weak Chinese trade data despite China being a key trading partner, as optimism grew over Indonesia’s stable outlook supported by resilient growth, solid f…
By Ed FranklGerman exports rose in September, helped by a bump in trade with the U.S. after the European Union agreed to a deal on tariffs in the summer.Exports of goods rose 1.4% on month, German statistics agency Destatis said Friday, higher than the 0.5% expected by economists polled by The Wall…
Household consumption in the Netherlands rose by 0.8% year-on-year in September 2025, slowing from a 1.3% increase in August, marking the smallest gain since May.Consumption of goods nearly stalled (0.1% vs 1.1% in August), driven by lower spending on food, beverages, and tobacco (-0.3% vs 0.9%), a…
China’s 10-year government bond yield rose toward 1.75% on Friday, rebounding from a near three-month low in the previous session as investors weighed the latest weak economic data.Exports fell for the first time in eight months in October, hitting their lowest level since February.Shipments to the…
Imports to Taiwan increased 14.6% year-on-year to USD 39.22 billion in October, slowing from a 25.1% increase in the previous month.The increase was driven by higher purchases of electronic parts (+22.4%), information and audio-video products (+90.0%), and machinery (+17.1%), partly offset by a dec…
** U.S.-listed shares of gold miners rise premarket, tracking gains in bullion prices ** Spot gold TVC:GOLD up 0.8% at $4,010.72/ounce** Prices rise as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over U.S. economic outlook amid a prolonged government…
By Brijesh Patel Gold rose on Friday as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over the U.S. economic outlook amid a prolonged government shutdown buoyed demand.Spot gold TVC:GOLD was up 0.8% at $4,010.72 per ounce, as of 0925 GMT. U.S. go…
Slovakia’s trade surplus widened sharply to EUR 428.3 million in September 2025 from EUR 176.6 million in the corresponding month of the previous year.This also marked the fifth consecutive month of surplus, as exports rose while imports fell.Year-on-year, exports increased by 1.8% to EUR 9,341.2 m…
Iceland’s trade deficit narrowed to ISK 24.2 billion in October 2025 from ISK 46.5 billion in the corresponding month of the previous year.This marked the smallest trade deficit since September 2024, as exports dropped more than imports.Year-on-year, exports fell by 2% to ISK 85.3 billion, mainly d…
($1 = 150.7800 yen)($1 = 7.1230 Chinese yuan)
Fed’s Musalem sees resilient US economy but flags tariff and deficit risksFederal Reserve Bank of St. Louis President Alberto Musalem said the US economy has shown notable resilience despite uncertainty but faces ongoing challenges from tariffs, inflation pressures, and large fiscal deficits.Speaki…
Germany’s 10-year Bund yield climbed toward 2.7%, hitting a fresh one-month high, as investors weighed persistent concerns over the domestic economic outlook alongside mixed signals from central banks on the path of monetary policy.Recent German data showed stronger-than-expected rebounds in export…
Although U.K. house prices rose in October according to the Halifax house Price index, several metrics suggest the housing market is on hold until the budget is announced on Nov. 26, RBC Capital Markets analysts say. House prices in October rose on average 0.6%, or 1,647 pounds, to give an average…
Hong Kong stocks fell 197 points, or 0.8%, to 26,282 in Friday’s morning session, retreating after their biggest one-day gain since mid-August amid caution ahead of China’s October trade data.Exports are expected to slow sharply after months of front-loading to avoid U.S. tariffs, while imports lik…
The number of foreign tourist arrivals in Sri Lanka grew by 21.5% year-on-year to 165,193 in October 2025, following a 30.2% increase in the previous month.Among key markets, India (29.1%) remained the top tourist source market, followed by the United Kingdom (7.8%), Russia (7%), China (6.6%), and…
The dollar index held below the 100 mark on Friday after a sharp drop in the previous session, as signs of a cooling US labor market fueled expectations for a Federal Reserve rate cut in December.With the prolonged government shutdown delaying the release of official employment data, traders relied…
By Ed FranklGerman exports rose in September, helped by a bump in trade with the U.S. after the European Union agreed to a deal in the summer.Exports of goods rose 1.4% on month, German statistics agency Destatis said Friday, higher than the 0.5% expected by economists polled by The Wall Street Jou…
European equity markets were poised for a subdued open on Friday as caution persisted amid renewed concerns over lofty AI valuations and weak US economic data weighed on sentiment.Investors also awaited fresh German and French trade figures to assess the health of the Eurozone’s two largest economi…
By Lucia Mutikani The number of Americans filing new applications for unemployment benefits increased marginally last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions in October despite a surge in announced layoffs.Initial claims for state unemployment bene…
The U.S. government on Thursday unveiled a new program to cut prescription drug costs for Medicaid patients by tying prices to those paid in other countries.The announcement follows previous agreements between the White House and pharmaceutical companies to reduce drug prices for Americans, who oft…
By Anthony HarrupMEXICO CITY — The Bank of Mexico extended its monetary easing cycle Thursday as expected with an 11th consecutive cut in its benchmark interest rate, and kept the door open to more reductions in the future.The five-member board of governors voted 4-1 to lower the overnight interest…
By Ed FranklGerman exports rose in September, helped by a bump in trade with the U.S. after the European Union agreed to a deal in the summer.Exports of goods rose 1.4% on month, German statistics agency Destatis said Friday, higher than the 0.5% expected by economists polled by The Wall Street Jou…
French customs published the following trade balance data on Friday for the month of September. The current account data is from the Bank of France.The data is seasonally adjusted and in billions of euros.
Lithuania’s trade deficit widened to EUR 0.570 billion in September 2025 from EUR 0.146 billion in the same month last year, as exports dropped while imports increased.Exports fell by 0.3% year-on-year to EUR 3.256 billion, primarily due to sharp declines in shipments of various chemical products…
Copper futures steadied around $4.95 per pound on Friday but remained on track for a weekly loss as a global risk-off wave swept through financial markets.Global stocks and other risk assets came under pressure this week amid mounting concerns over stretched AI valuations and weak US economic data…
British house prices increased by a stronger-than-expected 0.6% in monthly terms in October, figures from mortgage lender Halifax showed on Friday.Halifax said house prices were 1.9% higher than a year earlier compared with an annual increase of 1.3% in September. A Reuters poll of economists had p…
Switzerland’s consumer sentiment index held at -37 in October 2025, unchanged from September and matching the level seen a year earlier.Expectations for the overall economy deteriorated, with the economic outlook sub-index dropping to -49 from -30 in October 2024, signaling greater pessimism about…
The Swiss National Bank’s foreign exchange reserves fell to CHF 724.8 billion in October 2025, from an upwardly revised CHF 726.8 billion in the previous month.Declines were seen in SDRs (CHF 10.278 billion vs CHF 10.295 billion in September) and the IMF reserve position (CHF 1.612 billion vs CHF 1…
France recorded a current account deficit of EUR 1.6 billion in September 2025, shifting from a downwardly revised surplus of EUR 1.4 billion in the previous month.The goods account shortfall widened to EUR 5.5 billion from EUR 3.7 billion in August 2025, while the services account surplus narrowed…
The Hang Seng lost 244 points or 0.9% to end at 26,242 on Friday, reversing a 2% rally in the prior session after weak trade data from China.Exports fell 1.1% yoy in October, the first drop since February, weighed by high base effects and cooling foreign demand after months of front-loading.Imports…
Exports from Taiwan surged 49.7% year-on-year to USD 61.8 billion in October, accelerating from a 33.8% rise in the previous month and exceeding market expectations for a 31.6% gain.Growth was driven by robust shipments of information, communication, and audio-video products (+138.2%) and electroni…
By Ed FranklGerman exports rose in September, helped by a bump in trade with the U.S. after the European Union agreed to a deal on tariffs in the summer.Exports of goods rose 1.4% on month, German statistics agency Destatis said Friday, higher than the 0.5% expected by economists polled by The Wall…
Retail sales in the Czech Republic rose by 2.6% year-on-year in September 2025, missing market forecasts of a 4% increase and slowing from a downwardly revised 3.3% advance in the previous month.The slowdown was mainly due to softer increase in sales of automotive fuel (9.5% vs 11% in August) and n…
The UK 10-year gilt yield rose to 4.48%, the highest in over two weeks, as markets looked to the upcoming budget and digested the Bank of England’s latest decision.The BoE kept rates at 4% in a tight 5–4 vote, with Governor Andrew Bailey tipping the balance.Four members backed a 25 bps cut to 3.75…
Bulgaria’s consumer confidence dropped to -25.1 in the fourth quarter of 2025 from -21.1 in the previous three month.This marked the lowest reading since the third quarter of 2023, as consumers continued to be pessimistic regarding the financial situation for their households (-21.6 vs -16.8 in Q3…
The trade deficit in Greece narrowed to EUR 2.7 billion in September 2025 from EUR 3.0 billion in the same month last year, as exports rose while imports dropped.Exports grew by 4.0% year-on-year to EUR 4.2 billion, driven by higher sales to both the EU (5.6%) and third countries (2.1%).Meanwhile…
Brazil recorded a trade surplus of USD 6.96 billion in October 2025, up 70.2% year-on-year and above both September’s USD 2.99 billion and market expectations of USD 6.2 billion.Exports rose 9.1% to USD 31.98 billion, amid a 21% rise in agriculture and a 22% increase in extractive industries, while…
Gold prices rose to around $4,000 per ounce on Friday after soft labor data reinforced expectations of a near-term Federal Reserve rate cut.Challenger job cuts tripled in October, the largest increase in over two decades, with companies citing weaker consumer demand.The data tempered optimism from…
The United States and Uzbekistan have reached a trade and economic deal, President Donald Trump said on Thursday, stating that Uzbekistan plans to purchase and invest $35 billion in the next three years and more than $100 billion in the next 10 years in some U.S. sectors.
The annual inflation rate in Estonia slowed to 4.6% in October 2025 from 5.2% in the previous month.This marked the lowest reading since May, mainly due to softer price increases for food and non-alcoholic beverages (6.3% vs 7.7% in September), household goods (1.9% vs 2.5%), and communication (1.2…
Fed’s Musalem: Tariffs likely to stay as balance sheet decision kept separate from policyMore from Federal Reserve Bank of St. Louis President Alberto Musalem.Earlier: This article was written by Eamonn Sheridan at investinglive.com.
The Japanese yen traded near 153 on Friday, holding gains from the previous session as a broad risk-off wave, triggered by mounting concerns over stretched AI valuations, lifted demand for the safe-haven currency.The yen also drew support from a weaker dollar after signs of a cooling US labor marke…
Hammack adds:It seems the memo is to tilt toward inflation over employment amongst most of the Fed officials. Is the nuance tilt, a way to slow down "markets" (i.e. stocks) without saying so. The K economy threatens a large swatch of the population who are more impacted by inflation. The "have-nots…
By Katherine HamiltonSweetgreen lowered its full-year guidance again as consumers continued to pull back on buying salad bowls.The salad chain said Thursday it now expects revenue for the fully year of $682 million to $688 million, down from prior guidance of $700 million to $715 million. The compa…
By Bo Erickson, Nolan D. McCaskill and David Morgan U.S. Senate Democrats continued to hold out on agreeing to end the record-long federal government shutdown on Thursday, despite Republican overtures to reverse federal employee layoffs as part of a bid to reopen shuttered agencies. Dem…
By Harriet TorryOn Thursday morning, a private consulting group said that employers announced a surge in October layoffs and more than a million job cuts so far this year — big numbers that seemed to raise fresh alarm about the state of the labor market.A few hours later, Bank of America offered a…
By Michael S. Derby Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change.Despite where inflation is, moving rat…
The U.S. government on Thursday unveiled a new program to cut prescription drug costs for Medicaid patients by tying prices to those paid in other countries.The program, called the Generous Model, will launch in 2026 and allow participating state Medicaid programs to purchase drugs at international…
Sterling could extend its weakness against the euro if upcoming data and the November 26 budget pave the way for further U.K. interest-rate cuts in December, MUFG Bank analysts say in a note. The BOE left rates unchanged Thursday as expected, although four policymakers preferred a 25 basis points r…
Foreign exchange reserves in the Czech Republic fell to $170.6 billion in October 2025 from an upwardly revised and more than three-year high of $170.8 billion in the previous month.The decrease was primarily driven by a drop in foreign currency reserves, which fell to $155.7 billion from $157.4 bi…
Malta’s industrial production decreased by 1.3% year-on-year in September 2025, reversing an upwardly revised 5.3% growth in the previous month.This marked the first decline in industrial activity since July 2024, as manufacturing output dropped (-2.3% vs 6.6% in August), notably in other manufactu…
The offshore yuan weakened to around 7.12 per dollar on Friday, reversing gains from the previous session as China’s unexpected export contraction weighed on an economy facing a year-end slowdown.Exports fell for the first time in eight months in October 2025, reaching its lowest level since Februa…
North Macedonia’s annual inflation rate rose to 4.5% in October 2025, the highest in three months, from 4.0% in September.The main upward pressure came from prices of food and non-alcoholic beverages (7.0% vs 4.3% in September), housing and utilities (1.8% vs 1.7%), recreation and culture (7.8% vs…
By Polina Devitt Copper prices rose on Friday, supported by signs of easing trade tensions between Washington and Beijing and ignoring, for now, lower copper imports by top metals consumer China.Benchmark three-month copper COMEX:HG1! on the London Metal Exchange was up 0.6% at $10,739 a metric…
Germany’s exports grew 1.4% month-on-month to a five-month high of EUR 131.1 billion in September 2025, following an upwardly revised 0.8% decline in August and surpassing market expectations for a 0.5% increase.It was the first rise in exports in three months, driven by higher demand from EU count…
The Halifax House Price Index in the UK rose 1.9% year-on-year in October 2025, accelerating from a 1.3% increase in September and above the expected 1.45% gain.The average property value is now a record £299,862.On a monthly basis, prices grew 0.6%, following a 0.3% fall and well above the forecas…
Germany’s imports rose 3.1% month-on-month to EUR 115.9 billion in September 2025, the highest level since May 2023, rebounding from a revised 1.4% decline in the previous month and far exceeding market expectations of a 0.5% increase.It was the first rise in imports since June, signaling a recover…
Ahead of the meeting yesterday, Morgan Stanley noted that:"Our base case is for the next move in February, although the risks of a cut in 4Q are high – not just due to how close the debate and the vote split on the MPC might be next week, but also given our forecasts for weak growth and a rising un…
France’s official reserve assets hit a new all-time high of €350.04 billion in October 2025, from €330.27 billion in September.This represents an increase of €19.77 billion, led by rises in gold reserves (€273.25 billion vs €254.59 billion in September), foreign currency reserves (€31.37 billion vs…
Japanese investors divested significant holdings in foreign stocks in the week to November 1, as they turned cautious amid hawkish remarks from some U.S. Federal Reserve officials and favoured locking in profits after the recent market rally.Japanese investors liquidated a net 581.1 billion yen ($3…
Denmark’s manufacturing production climbed by 8% month-on-month in September 2025, rebounding from an upwardly revised 3% drop in the previous month.This marked the sharpest growth in manufacturing activity since April 2024, as output increased in the transportation industry (34.9% vs 4.6% in Augus…
Silver rose to around $48.4 per ounce on Friday, extending recent gains as signs of a cooling US labor market strengthened expectations for Federal Reserve rate cuts.Private data showed the US economy shed 153,000 jobs in October, the highest for that month in 22 years, largely linked to cost-cutti…
Norway’s manufacturing production fell by 1.7% month-over-month in September 2025, reversing a 0.7% gain in the previous month.Output dropped for wood and wood products (-4.9% vs 2.2% in August), refined petroleum, chemicals, and pharmaceuticals (-9.7% vs 6.0%), fabricated metal products (-2.5% vs…
The NZX 50 edged down 13 points, or 0.1%, to 13,564 in early trade on Friday, slipping for a second session and retreating from record highs after a sharp selloff on Wall Street overnight amid renewed weakness in tech shares and a soft U.S. labor market.Sentiment was also weighed by concerns over a…
By Saqib Iqbal Ahmed and Chibuike Oguh The U.S. dollar fell against the euro and Swiss franc for a second straight session on Thursday as data showed weakness in the U.S. labor market, increasing expectations of another rate cut this year.Meanwhile, sterling rose after the Bank of England kept r…
The Australian dollar depreciated below $0.650, hitting its lowest level in four weeks, as renewed risk-off sentiment swept across global markets.Another wave of tech selling in global equities amid valuation concerns and worries over US–China developments in AI trade weighed on the risk-sensitive…
By Bo Erickson, Nolan D. McCaskill and David Morgan U.S. Senate Democrats continued to hold out on agreeing to end the record-long federal government shutdown on Thursday, despite Republican overtures to reverse federal employee layoffs as part of a bid to reopen shuttered agencies.Democrats spe…
By Steve Holland and Jeff MasonPresident Donald Trump on Thursday acknowledged that U.S. consumers are paying more for goods because of the tariffs he has set, a shift in rhetoric even as he insisted that the policy has benefited Americans overall.Trump, who has used tariffs as a diplomatic and eco…
Fed Gov. Barr is also speaking and says:Barr is best characterised as a mild dove on interest-rate policy: he is willing to wait and monitor data rather than push for immediate cuts.However, he is struggling with concerns that inflation is not where it should be, but also weary of the employment ma…
By Anthony HarrupMEXICO CITY--The Bank of Mexico extended its monetary easing cycle Thursday with an 11th consecutive cut in its benchmark interest-rate, and kept the door open to more reductions in the future.The five-member board of governors voted 4-1 to lower the overnight interest-rate target…
By Fergal Smith The Canadian dollar was on the cusp of ending a five-day losing streak on Thursday as signs of weakness in the U.S. labor market led to broad-based declines for the greenback.The loonie FX_IDC:USDCAD was trading nearly unchanged at 1.4110 per U.S. dollar, or 70.87 U.S. cents, aft…
The Mexican peso strengthened past 18.6 per US dollar, rebounding from eight week lows as investors parsed through the latest Bank of Mexico decision amid a weakening US dollar.Banxico delivered the widely expected 25 basis point cut to 7.25% in a 4 to 1 vote but its statement was more balanced tha…
By Anthony HarrupMEXICO CITY--The Bank of Mexico extended its monetary easing cycle Thursday with an 11th consecutive cut in its benchmark interest-rate, and kept the door open to more reductions in the future.The five-member board of governors voted 4-1 to lower the overnight interest-rate target…
By Craig MellowBreaking up with China is hard to do — especially for Europe, caught in the U.S.-China trade war crossfire. Messing with small bits of a supply chain can cause big global headaches. Those are lessons from the unfolding drama around Nexperia, a Dutch producer of humble yet essential a…
By Marc Jones Talks between Ukraine and holders of its GDP warrants have broken down for a second time in six months, the Kyiv government said on Thursday, adding another delay to its hopes of restructuring the $3.2 billion worth of bond-like instruments."The parties have jointly decided to term…
By Lucia Mutikani The U.S. economy shed jobs in October amid losses in the government and retail sectors, while cost-cutting and the adoption of artificial intelligence by businesses led to a surge in announced layoffs, data showed on Thursday.The reports, including an estimate from the Chicago…
Talks between Ukraine and holders of its GDP warrants have broken down for a second time in six months, the government said on Thursday, adding another delay to its hopes of restructuring the $3.2 billion worth of bond-like instruments."The parties have jointly decided to terminate the restricted d…
The yield on the 10-year US Treasury sank to 4.08% on Thursday from the one-month high of 4.16% earlier in the session as fresh evidence of a weaker labor market favored the argument for rate cut by the Federal Reserve next month.Challenger data showed that layoffs in the US rose the most in 20 yea…
By Michael S. Derby Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again."I remain concerned about high inflation and believe policy should be leaning against it," Hammack said in the t…
The National Bank of Moldova (NBM) kept its policy rate at 6% and lowered the reserve requirements for both Moldovan lei and foreign currencies.These measures aim to ease banking system liquidity, reduce lending costs, and support consumption and investment.Although annual inflation fell from 8.2…
Gold prices hovered around $3,980 per ounce on Thursday, loosely extending gains from the previous session, as a fragile US labour picture raised the odds of Federal Reserve easing and lowered the opportunity cost of holding a non-yielding asset like bullion.October’s private payrolls showed a mode…
The euro consolidated gains above the $1.15 mark, attempting to recover from a three-month low as investors weighed diverging policy outlooks between the European Central Bank and the US Federal Reserve.The ECB is expected to keep rates unchanged for some time, with money markets now pricing only a…
Germany’s 10-year Bund yield slipped to 2.66% after briefly touching a one-month high of 2.68% earlier on Thursday, as concerns over the country’s economic outlook persisted.German industrial production in September rose less than expected, while the Bundesbank warned of mounting risks to financial…
France’s 10-year OAT yield hovered around 3.44%, near a four-week high, as concerns over stalled 2026 budget talks and broader fiscal uncertainty weighed on investor sentiment.Parliamentary deadlock has left key bills unvoted, raising the prospect that the government could enact the budget through…
Yields on Italy’s 10-year BTPs hovered near a four-week high of 3.4%, as investors remained cautious ahead of Moody’s scheduled review of the country’s credit rating on Friday.Italy is currently rated Baa3 with a stable outlook, just one notch above non-investment grade, and the market sees minimal…
The Czech National Bank (CNB) left interest rates steady on Thursday, as widely expected, keeping policy on hold for a fourth meeting in a row as an easing cycle ran out of steam on inflation risks from services and wages.The bank last cut rates in May to bring its main two-week repo rate (CZCBIR=E…
Canada’s Ivey Purchasing Managers Index fell to 52.4 in October 2025 from 59.8 in September, missing expectations of 55.2.The reading marks the sixth month above the 50-point threshold, indicating overall expansion in activity.The inventories index declined to 51.7 from 56.4, and supplier deliverie…
Canadian economic activity expanded at a slower pace in October as a measure of prices edged higher, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index fell to 52.4 last month from 59.8 in September.The Ivey PMI measures the month to month variation in econom…
The 10-year Brazilian government bond yield fell to around 13.75% as clearer Copom guidance, falling inflation expectations and softer global long rates combined to trim the premium on long dated local debt.The central bank’s decision to hold the Selic at 15% and issue a cautious, near hawkish stat…
TARIFF CASE RAISES INVESTOR CONCERNS OVER DEFICITA selloff in longer-dated Treasuries on Wednesday shows that fiscal concerns are a primary issue for investors if U.S. President Donald Trump’s tariff policies are struck down, as they worry about rising debt levels to fund a worsening U.S. budget de…
Current interest rates in Poland are suitable for the present situation, National Bank of Poland (NBP) Governor Adam Glapinski said on Thursday after the bank cut interest rates by 25 basis points.
Price pressures from the domestic economy do not allow the Czech central bank to cut rates further at the moment, Governor Ales Michl said on Thursday after the bank left policy settings unchanged for a fourth meeting.The bank, in a board statement read by Michl, said further rate setting considera…
The Czech central bank will keep all options open on the direction of the next interest rate move, Governor Ales Michl said on Thursday.
By WSJ StaffBefore the U.S. government shutdown blacked out federal data about inflation and jobs for more than a month, a couple of readings spooked Austan Goolsbee, the president of the Federal Reserve Bank of Chicago."What knocked me for a little bit of a loop," he said, "was core inflation runn…
The Brazilian real strengthened toward 5.3 per US dollar, hitting a one-month high after the central bank kept the interest rate at 15% and issued a cautious, near-hawkish statement that raised the bar for near-term cuts, preserving Brazil’s carry advantage and trimming the currency’s risk premium…
By Matt GrossmanThe Chicago Fed estimated that unemployment ticked up by a fraction of a percentage point in October versus September, depicting a labor market that has cooled while avoiding a serious downturn.Unemployment last month was roughly 4.36%, the reserve bank projected in its latest real…