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UK firms lose more momentum and cut staff in December in wake of budget, PMI shows
By Andy Bruce Jan 6 (Reuters) - British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost four years as a slump in corporate morale after the government's budget rumbled on, a survey showed on Monday.The final reading of the UK S&P Com...Reuters
Jan 6, 2025
French 2025 budget targets 50 bln euros in cost savings, finance minister says
PARIS, Jan 6 (Reuters) - French Finance Minister Eric Lombard said on Monday that the 2025 budget now targets 50 billion euros in cost savings.Lombard made the comments on France Inter radio, adding that French business leaders were worried that France did not yet have a budget for 2025. (Reportin...Reuters
Jan 6, 2025
UPDATE 1-BOJ's Ueda vows to keep hiking rates with focus on risks
BOJ will raise rates if economy continues to improve, Ueda saysBOJ must look at 'various risks' in deciding rate-hike timingPM Ishiba pledges steps to boost wages, consumptionBOJ's regional report, deputy governor's speech in focusRecasts with comments from Ueda, Prime Minister IshibaBy Leika Kihara...Reuters
Jan 6, 2025
French finance minister says eyes 2025 budget deficit in 5-5.5% range
PARIS, Jan 6 (Reuters) - French finance minister Eric Lombard said France's budget situation was "serious" , adding he targeted a 2025 deficit in a range of 5% to 5.5% of gross domestic product (GDP). Lombard also told France Inter radio that the budget deficit would "probably" be around 6.1% in...Reuters
Jan 6, 2025
Bund yields hit a fresh 2-month high before German inflation data
By Stefano Rebaudo Jan 6 (Reuters) - Euro zone benchmark Bund yields hit a fresh two-month high on Monday in thin holiday trading as markets awaited German inflation figures due later in the session.Euro area borrowing costs rose on Friday after data showed German unemployment climbed less than e...Reuters
Jan 6, 2025
BoJ’s Ueda: Timing of adjusting monetary support depends on economic, price and financial developments
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the “timing of adjusting monetary support depends on economic, price and financial developments.” Additional comments Must be vigilant to various risks in deciding timing for adjusting degree of monetary support.
Fxstreet
Jan 6, 2025
Canadian PM Trudeau set to announce resignation before national caucus meeting on Wednesday
Citing three sources, a Canadian news outlet, The Global and Mail, reported on Sunday that Prime Minister (PM) Justin Trudeau will likely announce as early as Monday that he will resign as Liberal Party Leader.
Fxstreet
Jan 6, 2025
China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows
BEIJING, Jan 6 (Reuters) - China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday.The Caixin/S&P Global servicesReuters
Jan 6, 2025
