News
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Canada expected to divert aluminium to Europe after US tariffs
By Pratima DesaiLONDON, Feb 3 (Reuters) - The cost of aluminium for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.U.S. President Donald Trump has imposed 25% tar...Reuters
Feb 3, 2025
CORRECTED-WRAPUP 5-Markets tumble over Trump tariffs, world leaders brace for his next moves
Corrects Trump's location when delivering remarks in paragraph 4. He spoke in Washington after returning from Mar-a-Lago, not in Mar-a-Lago.US faces retaliation from Canada and MexicoExperts warn of inflation, slower economic growthTrump says tariffs will 'definitely happen' with EUStock...Reuters
Feb 3, 2025
Canada, Mexico could slip into recession if Trump tariffs prolong, say brokerages
By Siddarth S Feb 3 (Reuters) - Major brokerages including J.P.Morgan warned that the economies of Canada and Mexico could enter a recession if U.S. President Donald Trump's new trade tariffs against them were sustained, pressuring their currencies as well as domestic inflation. Trump ordered...Reuters
Feb 3, 2025
USD/CNH: Strong opening gap in USD suggests further advance – UOB Group
US Dollar (USD) could rise further; overbought conditions suggest 7.4000 is unlikely to come into view. In the longer run, strong opening gap in USD suggests further advance; expect 7.4000 to provide resistance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Feb 3, 2025
USD surge over the weekend moderates in early trade – Scotiabank
The first real shots of a global trade war were fired at the weekend, with President Trump levying 25% tariffs on Canada and Mexico, an additional 10% on Chinese goods and telling Europe that tariffs are 'absolutely' coming.Fxstreet
Feb 3, 2025
Morning News Call - Canada, February 3
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Feb 3, 2025
Euro bond yields fall as traders mull tariffs, more ECB easing
Adds latest price moves, updates context, adds quotes LONDON, Feb 3 (Reuters) - Euro zone bond yields fell on Monday after U.S. President Donald Trump announced tariffs on Canada, Mexico and China and threatened more on Europe, fuelling a move to safe-haven assets on fears of a trade war and lowe...Reuters
Feb 3, 2025
BoC reaction function is crucial for FX – ING
The balance of growth and inflationary effects from US tariffs is of huge importance for FX, as this will determine the Bank of Canada’s policy reaction and potentially widen the USD-CAD rate gap even further, ING’s FX analysts Francesco Pesole and James Knightley note.
Fxstreet
Feb 3, 2025
GLOBAL ECONOMY-Euro zone factories show signs of hope but Trump tariffs jolt Asia
Euro zone manufacturing shows signs of stabilisationChina factory activity grows at slower paceTrump tariffs, soft China demand cloud Asia's recoveryAdds details in paragraphs 3, 5-10, 17; analyst comment in paragraph 4By Jonathan Cable and Leika Kihara LONDON/TOKYO, Feb 3 (Reuters) - The eur...Reuters
Feb 3, 2025
Canadians cancel trips, ban American booze after Trump's tariffs
Trump tariffs spur Canadians to shun American productsProvincial liquor stores ban American alcohol Booing heard at hockey, basketball game By Anna Mehler Paperny, Amanda Stephenson and Ed White TORONTO/CALGARY/WINNIPEG, Feb 3 (Reuters) - Canadians have canceled trips south of the border, boycott...Reuters
Feb 3, 2025
European leaders warn of pain from transatlantic trade war
BRUSSELS, Feb 3 (Reuters) - European leaders warned on Monday that U.S. President Donald Trump's threat to expand tariffs to the EU risked setting off a trade war that would cause economic harm on both sides of the Atlantic.European Union foreign policy chief Kaja Kallas said if the U.S. and Eur...Reuters
Feb 3, 2025
Euro zone inflation rises but March rate cut still likely
Energy costs drive inflation to 2.5% in JanuaryMarch ECB rate cut still seen a givenDollar's rise seen having a muted impact so farPotential US tariffs pose risk to economic outlookCombines inflation, policymakers, economist commentary and ECB study FRANKFURT, Feb 3 (Reuters) - Euro zone infl...Reuters
Feb 3, 2025
TREASURIES-Short-dated yields rise as traders struggle to price tariff shock
Updates in European trading hoursBy Harry Robertson and Tom Westbrook LONDON/SINGAPORE, Feb 3 (Reuters) - Short-dated Treasury yields climbed on Monday while those on longer-dated bonds fell as impending U.S. tariffs on Canada, Mexico and China sent investors scrambling to work out the implicatio...Reuters
Feb 3, 2025
