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UK bond yields dip on hopes for de-escalation of Middle East war
LONDON, March 4 (Reuters) - British government bond yields edged down on Wednesday after rising sharply over the previous two days as investors turned more hopeful that the conflict in the Middle East could de-escalate soon and ease the risk of a fresh jump in inflation. Yields on two-year gilts GB2...Reuters
Wed, Mar 4
Canada's services PMI shows activity declining further in February
By Fergal Smith TORONTO, March 4 (Reuters) - Canada's services economy contracted for a fourth straight month in February as an uncertain trading environment contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday.The headline Bu...Reuters
Wed, Mar 4
Fed's Miran: Risks from Iran conflict no reason to delay continued rate cuts - BBG TV
WASHINGTON, March 4 (Reuters) - Inflation and other risks from the U.S. military conflict with Iran haven't changed the need for the U.S. Federal Reserve to approve continued interest rate cuts this year, with price pressures expected to ease and the job market still at risk, Fed Governor Stephe...Reuters
Wed, Mar 4
Fed’s Miran: Evidence that oil prices feed into core inflation is quite limited
Stephen Miran, Federal Reserve (Fed) Governor, said that it’s too early to have firm views about the impact the conflict in Iran will have onto the economy in an interview with Bloomberg TV on Wednesday.Fxstreet
Wed, Mar 4
UK: Energy shock risks complicating BoE cuts – Deutsche Bank
Deutsche Bank’s Sanjay Raja and Shreyas Gopal warn that renewed energy price shocks are clouding the UK inflation outlook. They note that Oil and gas prices have surged, and that around half of the UK CPI basket is now highly energy‑intensive, especially services.Fxstreet
Wed, Mar 4
US private payrolls increase in February, ADP says
WASHINGTON, March 4 (Reuters) - U.S. private payrolls increased more than expected in February, though data for the prior month was revised sharply lower, the ADP's national employment report showed on Wednesday.Private employment rose by 63,000 jobs last month after a downwardly revised 11,000 ...Reuters
Wed, Mar 4
Damage to Israeli economy from Iran war seen at about $3 billion a week
JERUSALEM, March 4 (Reuters) - Damage to Israel's economy from the air war with Iran could reach more than 9 billion shekels ($2.93 billion) a week, the Finance Ministry said on Wednesday.Under current "red" restrictions by Israel's Home Front Command that limit travelling to work, o...Reuters
Wed, Mar 4
US Treasury Sec Bessent signals confidence in US jobs outlook
Comments from US Treasury Secretary Scott Bessent on Wednesday offered a broad snapshot of the US administration’s thinking on the labour market, trade policy and energy security, as markets continue to navigate heightened geopolitical tensions and renewed volatility in oil prices.Fxstreet
Wed, Mar 4
Saudi Aramco's Ras Tanura target of attempted drone attack, defence ministry says
By Timour Azhari, Yousef Saba and Maha El DahanRIYADH, March 4 (Reuters) - Saudi Aramco's Ras Tanura, which houses its largest domestic refinery and a key crude export terminal, was targeted by an attempted drone attack on Wednesday, a Saudi defense ministry spokesperson said on X, two days afte...Reuters
Wed, Mar 4
Iran intelligence signals openness to talks with CIA - The New York Times
Iran may have quietly explored the possibility of opening communication channels with the United States (US) despite the ongoing conflict, according to a report from the New York Times cited by Reuters on Wednesday.Fxstreet
Wed, Mar 4
RPT-BREAKINGVIEWS-India’s AI software freakout has solid foundation
By Una GalaniHONG KONG, March 4 (Reuters Breakingviews) - Is the global selloff in enterprise software and services stocks an overreaction? Maybe not in India. New tools released by Anthropic point towards increasing automation of work that "once required armies of consultants spending years map...Reuters
Wed, Mar 4
IMF Kenya visit not expected to yield lending deal, finance minister says
By Duncan Miriri NAIROBI, March 4 (Reuters) - Kenya does not expect an ongoing International Monetary Fund staff visit to yield a lending programme at this stage, its finance minister said on Wednesday, with talks currently focused on more technical details. The team from the Fund's headquart...Reuters
Wed, Mar 4
UK: Fiscal update supports modest growth – TD Securities
TD Securities’ Global Strategy Team notes that UK Chancellor Reeves delivered a cautious Spring Statement with no major new policies. Updated OBR projections show slightly slower UK growth in 2026 but stronger growth thereafter, alongside lower inflation forecasts.
Fxstreet
Wed, Mar 4
