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PBOC’s Peng: Will help banks in increasing loans for trade-in initiative
Peng Lifeng, an official at the People’s Bank of China (PBOC), said in a statement on Wednesday that the central bank “will help banks in increasing loans for trade-in initiative.” Additional takeaways Will step up financial support for private and small firms in equipment upgrades.
Fxstreet
Jan 8, 2025
Former BOJ chief Kuroda predicts more rate hikes
By Leika KiharaTOKYO, Jan 8 (Reuters) - The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2% target, said former governor Haruhiko Kuroda, known for launching a decade-long, massive stimulus programme.Despite the expect...Reuters
Jan 8, 2025
Australia’s monthly CPI inflation climbs to 2.3% YoY in November vs. 2.2% expected
Australia’s monthly Consumer Price Index (CPI) rose by 2.3% in the year to November, compared to a 2.1% increase seen in October, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Jan 8, 2025
Fed’s Bostic: Inflation is expected to decline but warns Fed to be cautious
Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday that Fed officials should be cautious with policy decisions given uneven progress on lowering inflation and err on the side of keeping interest rates elevated to achieve their price stability goals, per Bloomberg.Fxstreet
Jan 8, 2025
UPDATE 4-Trump will not rule out force to take Panama Canal, Greenland
Trump proposes changing Gulf of Mexico to Gulf of AmericaTrump urges NATO members to increase defense spending to 5% GDPAdds comment from Panama foreign minister in paragraphs 10-11By Steve Holland and Joseph Ax PALM BEACH, Florida, Jan 7 (Reuters) - U.S. President-elect Donald Trump refused on T...Reuters
Jan 8, 2025
US President-elect Trump: Something will have to be done with Canada and Mexico on trade
President-elect Donald Trump said on Tuesday that he will impose tariffs on hundreds of billions of dollars worth of goods from Mexico and Canada to pressure both countries to stop the flow of illegal immigration and cross-border fentanyl shipments, per Reuters.Fxstreet
Jan 7, 2025
RPT-ANALYSIS-China exports push Nippon Steel to seek growth in US, India after blocked deal
Repeats story from Tuesday with no changes to textCheap Chinese steel exports have upended global marketJapan's domestic steel demand is waningNippon Steel seeking markets with growth potential and protection from China By Katya Golubkova and Yuka Obayashi TOKYO, Jan 7 (Reuters) - Nippon Steel 54...Reuters
Jan 7, 2025
UPDATE 2-Trudeau rejects Trump's idea of forcing Canada to become a US state
Adds comment by leader of Canada's largest opposition party paragraphs 9-10 OTTAWA, Jan 7 (Reuters) - Canadian Prime Minister Justin Trudeau on Tuesday dismissed a suggestion by U.S. President-elect Donald Trump that he might use "economic force" to make Canada the 51st U.S. state."There isn't a ...Reuters
Jan 7, 2025
TABLE-US light-vehicle sales volumes in Q4 2024
Jan 7 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q4 2024: AUTOMAKERQ4 2024Q4 2023PCT CHNG1General Motors755,160625,17620.8%2Toyota Motor^603,104619,661-2.7%3Ford Motor530,660487,8408.8%4Honda Motor Co^^367,362337,5118.8%5Fiat Chrysler320,743343,552-6.6%6Hyundai226,308206,...Reuters
Jan 7, 2025
UPDATE 1-Fitch upgrades El Salvador after IMF deal eases financing needs
Updates with details from statement in paragraphs 4-5 and 7, president comment in paragraph 6 Jan 7 (Reuters) - Fitch Ratings on Tuesday upgraded its rating for El Salvador to B- from its prior CCC+ status, along with a stable outlook, citing a reduction in financing needs helped by a recently an...Reuters
Jan 7, 2025
UPDATE 2-US consumer watchdog sues Experian over consumer credit accuracy
Adds company reaction in paragraphs 5-6Jan 7 (Reuters) - The top U.S. watchdog agency for consumer finance on Tuesday sued credit rating giant Experian EXPN.L, saying the company failed American consumers who challenge the accuracy of consumer credit files, court records show.Through a California su...Reuters
Jan 7, 2025
TREASURIES-US yields rise on strong data amid supply
US job openings grow, exceeding forecastsMarket anticipates Fed rate cuts will be less than previously expectedFiscal trajectory has pushed up long-term yieldsUpdated in New York afternoon timeBy Karen Brettell NEW YORK, Jan 7 (Reuters) - Benchmark 10-year Treasury yields hit an eight-month high ...Reuters
Jan 7, 2025
What to Watch in the Day Ahead - Wednesday, January 8
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTThe Federal Open Market Committee is set to issue...Reuters
Jan 7, 2025
UPDATE 1-Trump wants to extend US debt ceiling, says he doesn't want to see a default
Treasury uses extraordinary measures to avert defaultDebt ceiling has not limited borrowing, causes market concernsRepublicans consider reconciliation to pass Trump's agendaAdds details, background on debt limit; methods to advance Trump agenda paragraphs 4-11 PALM BEACH, Florida, Jan 7 (Reuters)...Reuters
Jan 7, 2025
