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ECB's Lagarde: Conditions for a recovery remain in place
European Central Bank (ECB) President Christine Lagarde noted during Monday's US market session that risks to inflation exist on both sides of the line, and reminded markets that European inflation metrics should return to the ECB's target range sometime this year.
Fxstreet
Mon, Feb 10
GRAPHIC-Gold bulls lock in on glittering milestone; $3,000/oz in sight
Bullion hits record high at $2,911.30/oz WGC estimates central bank demand jumped 54% y/y in Q4, 2024London gold stocks fell by 1.7% m/m in JanuaryBy Ashitha Shivaprasad and Daksh Grover Feb 10 (Reuters) - U.S. President Donald Trump's latest tariff threats have ignited another gold rush, pro...Reuters
Mon, Feb 10
Brazil beef, chicken exports set record for January
SAO PAULO, Feb 10 (Reuters) - Beef and chicken exports from Brazil for January registered the best result since records began, data from industry groups showed on Monday. WHY IT'S IMPORTANT Brazil is the world's largest exporter of beef and chicken and home to some of the industry's larg...Reuters
Mon, Feb 10
TREASURIES-US yields dip as Trump's 'fraud' remarks fuel caution on auctions this week
Trump comments may limit demand at auctionsPowell on tap for testimony in CongressFocus also on inflation numbers, retail salesAdds new analyst comment, NEW YORK dateline; updates pricesBy Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, Feb 10 (Reuters) - U.S. Treasury yields drifted ...Reuters
Mon, Feb 10
NY Fed finds mostly stable inflation expectations in January
By Michael S. Derby NEW YORK, Feb 10 (Reuters) - The U.S. public’s near-term inflation expectations were largely stable in January, a Federal Reserve Bank of New York report found, as respondents to the survey also predicted a notable pullback in future spending. The expected level of inflation a...Reuters
Mon, Feb 10
BRIEF-Fitch Says Threat, Uncertainty of U.S. Tariffs Pose Risks to Mexico
Feb 10 (Reuters) - Fitch Ratings:THREAT AND UNCERTAINTY OF US TARIFFS BOTH POSE RISKS TO MEXICOIF IMPLEMENTED, ACROSS BOARD 25% U.S. TARIFF WOULD HAVE MUCH LARGER IMPACT, LIKELY CAUSING A RECESSION IN MEXICO IN 202525% US TARIFF ON ALL MEXICAN IMPORTS HIGHLIGHTS TRADE RISKS FOR MEXICO THAT ARE SIGNI...Reuters
Mon, Feb 10
FACTBOX-Brokerages still expect slower pace of Fed rate cuts after payrolls data
Updates with brokerage forecasts after NFP data Feb 10 (Reuters) - Most brokerages still expect a slower pace of interest-rate cuts from the U.S. Federal Reserve in 2025, following tepid jobs data on Friday and ongoing uncertainty around President Donald Trump's tariff policy.U.S. job growth ...Reuters
Mon, Feb 10
Brazil's auto production, sales down in January
SAO PAULO, Feb 10 (Reuters) - Brazil's auto production fell 7.7% in January from December to 175,541 units, automakers association Anfavea said on Monday.Vehicle sales in Latin America's largest economy were down 33.5% month-on-month to 171,248 units, it added.Despite the month-on-month drop...Reuters
Mon, Feb 10
India has 'enormously high' tariffs, White House economic adviser Hassett says
WASHINGTON, Feb 10 (Reuters) - India has "enormously high" tariffs that lock out imports, U.S. President Donald Trump's top economic adviser Kevin Hassett said on Monday, adding that Indian Prime Minister Narendra Modi had a lot to discuss with Trump when the two leaders meet soon.Trump ...Reuters
Mon, Feb 10
Bank of Mexico's governor says inflation fight enters new phase
By Anthony Esposito MEXICO CITY, Feb 10 (Reuters) - Mexico's inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters, as the fight to bring down inflation has entered a new phase.Banxico, as the Mexica...Reuters
Mon, Feb 10
Greek industrial output rises 5.8% y/y in December
Feb 10 (Reuters) - Greek industrial output rose by 5.8% year-on-year in December, after a downwardly revised 3.3% increase in November, data from statistics service ELSTAT showed on Monday.A breakdown of index components showed manufacturing production rose 3.6% from the same month in 2023. Electric...Reuters
Mon, Feb 10
Trump's tariffs spur economic uncertainty, impact on inflation less clear, ECB's de Guindos says
Adds comments from de Guindos in paragraphs 3-5, 7 MADRID, Feb 10 (Reuters) - Trade tariffs announced by U.S. President Donald Trump could trigger economic uncertainty but the impact on inflation is less clear, European Central Bank Vice President Luis de Guindos said on Monday. Trump...Reuters
Mon, Feb 10
Europe needs to have prudent approach towards U.S. tariffs, De Guindos says
MADRID, Feb 10 (Reuters) - Europeans need to have a prudent and intelligent approach towards trade tariffs announced by the U.S. administration, ECB's Vice-President Luis De Guindos said on Monday."Sometimes the initial announcements don't end up materialising (..) therefore, you have to...Reuters
Mon, Feb 10
