News
Important Only
What to Watch in the Day Ahead - Tuesday, January 7
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/GMTOn the U.S. economic front, the Labor Department'...Reuters
Jan 6, 2025
TIMELINE-The rise and fall of Justin Trudeau
Adds announcement of stepping downBy David Ljunggren Jan 6 (Reuters) - Canadian Prime Minister Justin Trudeau announced on Monday that he will step down as the leader of the Liberal Party and as prime minister once his party chooses a replacement. A string of polls over the last 18 months has sho...Reuters
Jan 6, 2025
ADVISORY-US wholesale inventories, sales data to be released a day early on Jan. 8
Jan 6 (Reuters) - The U.S. Census Bureau will release its wholesale inventories and sales data for November at 10 a.m. EST (1500 GMT) on Wednesday, Jan. 8, a day earlier than originally scheduled."Due to the executive order closing the federal government on Jan. 9, 2025, the Monthly Wholesale Trade ...Reuters
Jan 6, 2025
EXPLAINER-How Trump could influence the makeup of the Fed
Adds details on Fed Vice Chair Barr's resignation in paragraphs 1-3 Jan 6 (Reuters) - The U.S. central bank's top financial regulator, Michael Barr, is leaving his post next month as the Federal Reserve's vice chair of supervision, but plans to keep his seat on the Fed's Board of Governors. ...Reuters
Jan 6, 2025
UPDATE 1-Weak demand for aircraft weighs down US factory orders in November
Factory orders decline 0.4%; shipments edge up 0.1%Core capital goods orders gain revised down to 0.4%Adds details from report WASHINGTON, Jan 6 (Reuters) - New orders for U.S.-manufactured goods fell in November amid weakness in demand for commercial aircraft while business spending on equipment...Reuters
Jan 6, 2025
Irish 2024 budget surplus hits 7% of national income on Apple windfall
DUBLIN, Jan 6 (Reuters) - Ireland recorded a budget surplus of around 7% of modified gross national income in 2024, mainly due to most of a 14 billion-euro ($14.5 billion) back tax bill paid by Apple AAPL.O flowing into the exchequer, the finance ministry said on Monday.Ireland had forecast a surplu...Reuters
Jan 6, 2025
Bund yields at 2-month high, German inflation rises more than expected
Updates in European afternoon tradeBy Stefano Rebaudo and Greta Rosen Fondahn Jan 6 (Reuters) - Euro zone benchmark Bund yields climbed to their highest level in two months on Monday, after data showed German inflation rose more than expected in December, with markets scaling back bets on Europea...Reuters
Jan 6, 2025
UPDATE 2-Bank of Israel holds rates on high inflation, economic uncertainty
Benchmark rate stays 4.5% for 8th straight decisionInflation rate at 3.4% but expected to rise in first half Bank's economists see economic growth of 4% in 2025Governor Yaron says sticking to cautious monetary policy Adds details, governor comments, shekel reactionBy Steven ScheerJERUSALEM, Jan 6 (R...Reuters
Jan 6, 2025
US factory orders fall in November
WASHINGTON, Jan 6 (Reuters) - New orders for U.S.-manufactured goods fell in November while business spending on equipment appeared to have slowed in the fourth quarter, government data showed on Monday.Factory orders dropped 0.4% after an upwardly revised 0.5% gain in October, the Commerce Departm...Reuters
Jan 6, 2025
Portugal draws 10 times more export-oriented foreign investment in 2024
By Sergio Goncalves LISBON, Jan 6 (Reuters) - The Portuguese state body that promotes investments for export-focused projects garnered deals last year worth 10 times more than in 2023, showing the country remains attractive for foreign companies, the Economy Ministry said on Monday.The ministry's...Reuters
Jan 6, 2025
TREASURIES-Longer-dated yields rise before supply
By Karen Brettell NEW YORK, Jan 6 (Reuters) - Longer-dated Treasury yields rose on Monday and 30-year yields hit a 14-month high before the Treasury this week will sell $119 billion in coupon-bearing supply and as traders weighed the impact policies enacted by the incoming Donald Trump administra...Reuters
Jan 6, 2025
Canada's services PMI shows activity shrinking at year-end
By Fergal Smith TORONTO, Jan 6 (Reuters) - Canada's services economy deteriorated for the first time in three months in December as a postal workers' strike weighed on activity and work outstanding tumbled, S&P Global's Canada services PMI data showed on Monday.The headline business activity inde...Reuters
Jan 6, 2025
US President-elect Trump: Washington Post story that I'll pare back my tariff policy is wrong
In response to the Washington Post story that said US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, Trump said it was wrong.Fxstreet
Jan 6, 2025
Fed's Cook: Can be more cautious with further cuts given labor market resilience, stickier inflation
Federal Reserve (Fed) Governor Lisa Cook said on Monday that Fed policymakers could be more cautious with further rate cuts, citing labor market resilience and stickier inflation, per Reuters.Fxstreet
Jan 6, 2025
Fed's Cook: Further rate cuts can come cautiously
By Howard SchneiderJan 6 (Reuters) - The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday.Since the Fed began cutting its benchmark policy rate in September, "...Reuters
Jan 6, 2025
