News
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JPY: Weakness persists despite improvements – Societe Generale
Societe Generale analysts highlight that the Yen remains weak despite significant undervaluation relative to purchasing power parity and an improved balance of payments. They suggest that concerns regarding the government's ability to maintain a downtrend in the debt-to-GDP ratio are overblown.
IMF says Israeli economy to rebound from Gaza war with 4.8% growth in 2026
By Steven Scheer JERUSALEM, Feb 5 (Reuters) - Israel's economy is expected to grow 4.8% in 2026 following a ceasefire in Gaza, after a 2.9% rate in 2025, but renewed regional tensions could limit growth, the International Monetary Fund said in a report on Thursday.The IMF said that following ...Reuters
Thu, Feb 5
UPS, Amazon boost US planned layoffs in January, Challenger survey shows
WASHINGTON, Feb 5 (Reuters) - Layoffs announced by U.S. employers surged in January amid losses of business contracts and an uncertain economic environment, marking the highest level for the month in 17 years, a survey showed on Thursday.Planned layoffs soared 205% to 108,435 last month, global outp...Reuters
Thu, Feb 5
Volkswagen overtook Tesla as Europe's top EV seller in 2025
Feb 5 (Reuters) - Volkswagen VOWG.DE overtook Tesla TSLA.O in sales of fully-electric cars in Europe in 2025, data from JATO Dynamics showed on Thursday, another setback for the U.S. automaker after China's BYD 002594.SZ dethroned it as the world's top EV maker last year.JATO said sales of V...Reuters
Thu, Feb 5
German 10-year yields inch higher as ECB expected to keep rates on hold
By Sophie Kiderlin LONDON, Feb 5 (Reuters) - Euro zone bond yields were broadly steady on Thursday against a backdrop of fragile global markets and ahead of a European Central Bank interest rate decision which investors widely expect will keep rates unchanged.Germany's 10-year yield DE10YT=R...Reuters
Thu, Feb 5
ECB: Inflation risks skewed to the upside – Nomura
Nomura analysts project that Euro area inflation will hover around the ECB’s 2.0% target until the end of 2027, with GDP growth expected to reach pre-pandemic levels by mid-2026. They foresee potential inflation overshooting in 2028, necessitating rate hikes.Fxstreet
Thu, Feb 5
Breaking: Bitcoin slips below $70,000 as falling knife scenario in play
Bitcoin (BTC) price dips below $70,000 on Thursday, having corrected nearly 20% for this year. Market momentum turned extremely bearish, with technical indicators pointing to further downside toward the next key support at $65,000.
Fxstreet
Thu, Feb 5
Canada's Carney wins admiration globally but struggles to lower food costs at home
Carney wins global plaudits for standing up to the U.S. Carney's measures provide some relief to the poorest, but won't address high grocery prices, experts sayCanada recorded the highest rate of food inflation among G7 countries in DecemberBy Maria Cheng OTTAWA, Feb 5 (Reuters) - Canadi...Reuters
Thu, Feb 5
Warsh may struggle to lay down new rules of the road for Fed
Warsh's nomination seen as test for Fed's expansive roleHe is seen as advocate of rules but not necessarily of constraintTop Fed job will test Warsh's commitment to principles he has set By Howard Schneider WASHINGTON, Feb 5 (Reuters) - In the 15 years since leaving the Federal Reserv...Reuters
Thu, Feb 5
UK January new car sales rise to best in six years, industry data shows
Feb 5 (Reuters) - British new car sales rose 3.4% in January from a year earlier to their highest level in six years, data from the Society of Motor Manufacturers and Traders showed, pointing to stabilising demand as private purchases picked up and buyers shifted to greener models. New car regist...Reuters
Thu, Feb 5
