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WRAPUP 2-Record high imports pressure US trade deficit
Adds details, services data, analyst comments throughoutTrade deficit increases 24.7% to $98.4 billion in DecemberTrade gap at $918.4 billion in 2024, largest since 2021Imports jump 3.5% in December to record high $364.9 billionExports decrease 2.6% to $266.5 billionGoods deficit widens with Canada,...Reuters
Feb 5, 2025
Treasury sticks to issuance plans despite Wall Street's fiscal warnings
Treasury holds issuance steady despite uncertain fiscal outlookBanks, funds recommend tweaking issuance guidanceLong-term debt increase appears postponed, pushing yields lower Adds context, analystsBy Karen Brettell and Davide Barbuscia Feb 5 (Reuters) - The U.S. Treasury expects to keep most of ...Reuters
Feb 5, 2025
Pennsylvania thieves haul away precious loot: 100,000 eggs
By Rich McKay Feb 5 (Reuters) - Pennsylvania State Police were hunting on Wednesday for thieves who stole about 100,000 organic eggs from a wholesaler's warehouse over the weekend, a haul worth more than $40,000 retail amid a national shortage that has caused prices to surge.Pennsylvania Stat...Reuters
Feb 5, 2025
TREASURIES-US yields tumble to multi-week lows after service sector data, tariff risks
US 10-year yield hits lowest since mid-DecemberUS two-year yield falls to lowest since Dec. 12US two/10-year yield curve flattens, narrowest gap since Dec. 23 Recasts, adds new comment, U.S. data, bullets, byline, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 5 (Reuters) - U.S. Treasury...Reuters
Feb 5, 2025
Canada posts first trade surplus in 10 months, driven by US stockpiling, strong demand
Canada reports December surplus of C$708 millionExports grew by 4.9% and imports expanded by 2.3%Trade surplus with U.S. widened to C$11.3 billion Updates with context in paragraphs 1, 14-15, comments in 8-9, 13By Promit MukherjeeOTTAWA, Feb 5 (Reuters) - Canada in December posted its first trade su...Reuters
Feb 5, 2025
TREASURIES-US yields extend fall after service sector data
By Gertrude Chavez-DreyfussNEW YORK, Feb 5 (Reuters) - U.S. Treasury yields extended their declines on Wednesday after data showed the U.S. services sector activity unexpectedly slowed in January.The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers ind...Reuters
Feb 5, 2025
Fed's Barkin expects Q1 year-on-year inflation will come down 'significantly'
Feb 5 (Reuters) - Richmond Fed President Tom Barkin said on Wednesday he expects annual inflation rate figures will come down "significantly" in the first quarter as higher figures from a year earlier drop out of the calculation.Barkin, speaking on the sidelines of a Conference Board event i...Reuters
Feb 5, 2025
Toronto home sales rebound 10% in January
By Fergal SmithTORONTO, Feb 5 (Reuters) - Greater Toronto Area home sales rebounded in January as new listings climbed, while home prices were little changed after two straight months of increases, data from the Toronto Regional Real Estate Board (TRREB) showed on Wednesday.Seasonally adjusted sales...Reuters
Feb 5, 2025
US services sector cools in January; price pressures abate
WASHINGTON, Feb 5 (Reuters) - U.S. services sector activity unexpectedly slowed in January amid cooling demand, helping to curb price growth.The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) slipped to 52.8 last month from 54.0 in Decemb...Reuters
Feb 5, 2025
RPT-Canada's services PMI shows activity shrinking in January
Repeats to add metadata, no change to content of storyBy Fergal Smith TORONTO, Feb 5 (Reuters) - Canada's services economy deteriorated for the second straight month in January as uncertainty generated by the threat of U.S. trade tariffs offset lower borrowing costs, S&P Global's Cana...Reuters
Feb 5, 2025
Tesla sees German car sales plunge in January
FRANKFURT, Feb 5 (Reuters) - Tesla TSLA.O sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk. German road traffic agency KBA&#...Reuters
Feb 5, 2025
