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TREASURIES-Yields slip ahead of manufacturing data to wind down quiet week
NEW YORK, Jan 3 (Reuters) - U.S. Treasury yields eased early on Friday, marking time before the release of a report on December manufacturing that will be the last morsel to trade on in a week still quieted by the year-end holidays. The Institute of Supply Management adds its purchasing managers...Reuters
Jan 3, 2025
UPDATE 10-Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Adds shares' movement, reaction from union and Democratic lawmakers in paragraphs 7, 10, 25-26Biden cites national security as reason for blocking salePanel passed decision to Biden amid concern over US-Japan tiesNippon Steel offered U.S. government a veto on productionBy David Shepardson, Tim Kelly...Reuters
Jan 3, 2025
UPDATE 3-China’s central bank says it will cut banks reserves, rates at proper time
China's c.bank says it will cut RRR, interest rates at proper timeMonetary policy committee suggests strengthening adjustmentChina 10-and 30-year treasury yields both hit record lowsRecasts with PBOC monetary policy committee’s quarterly meeting BEIJING, Jan 3 (Reuters) - China's central bank sai...Reuters
Jan 3, 2025
UPDATE 9-Biden blocks sale of U.S. Steel to Japan's Nippon Steel
Biden cites national security as reason for blocking salePanel passed decision to Biden amid concern over US-Japan tiesNippon Steel offered U.S. government a veto on productionAdds stock movement, context in paragraphs 4-7By David Shepardson, Tim Kelly and Katya Golubkova WASHINGTON/TOKYO, Jan 3 ...Reuters
Jan 3, 2025
GBP/USD retains a soft undertone – Scitabank
UK money supply and lending data for November came in on the weak side of expectations. Softer demand for mortgages suggests the rebound in UK house prices is starting to crimp demand, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Jan 3, 2025
RPT-BREAKINGVIEWS-Politicians will hinder central banks’ easing plan
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Francesco Guerrera LONDON, Jan 3 (Reuters Breakingviews) - In 2025, the global economy will be in a much better place than at any time since the outbreak of Covid-19. Growth will be solid, and inflation will f...Reuters
Jan 3, 2025
U.S. pizza chain Papa John's targets 2025 India re-entry after delay
Papa John's plans to open outlets in India this yearHad aimed for 2024 re-entryIndia is a complex market - Papa John'sSome players rethinking India expansion plansBy Praveen Paramasivam Jan 3 (Reuters) - U.S. pizza chain Papa John's International PZZA.O plans to make its return to the Indian mark...Reuters
Jan 3, 2025
UPDATE 1-India aims to strengthen economic ties with US, engage with Trump administration
Adds trade minister's comments in paragraphs 2,6 NEW DELHI, Jan 3 (Reuters) - India is looking forward to strengthening its economic relationship with the United States by engaging with the incoming Trump administration, India's trade minister Piyush Goyal told reporters in New Delhi on Friday."W...Reuters
Jan 3, 2025
UPDATE 2-German unemployment rises less than expected in December, labour office says
Adds economists comments in paragraphs 8, 10-12By Maria MartinezBERLIN, Jan 3 (Reuters) - The number of people out of work in Germany rose less than expected in December, federal labour office figures showed on Friday. The office said the number of unemployed increased by 10,000 in seasonally adjust...Reuters
Jan 3, 2025
EUR: Negatives piling up for the Euro – ING
The 4Q24 drop in EUR/USD was primarily driven by the widening in the short-dated swap rate differential due to diverging policy expectations between the Federal Reserve and the European Central Bank, ING’s FX analyst Francesco Pesole notes.Fxstreet
Jan 3, 2025
UPDATE 7-Biden to block U.S. Steel sale to Japanese buyer, source says
White House declines comment on reports of Biden's decisionPanel passed decision to Biden amid concern over U.S.-Japan tiesNippon Steel offered U.S. government a veto on productionAdds U.S. Steel shares, Japan ministry, analyst quotes, details; paragraphs 5,11, 25-27By David Shepardson, Tim Kelly an...Reuters
Jan 3, 2025
USD: Entering favorable seasonality – ING
Trump’s policy mix will trigger further US Dollar (USD) strengthening, with European currencies – and the Euro (EUR) in particular – coming under pressure from protectionism and monetary easing. Emerging market currencies should have a tough year too, ING’s FX analyst Francesco Pesole notes.Fxstreet
Jan 3, 2025
Greek unemployment drops to 9.6% in November
Jan 3 (Reuters) - Greece's jobless rate stood at 9.6% in November, down from 9.8% in October, data from statistics service ELSTAT showed on Friday.Seasonally adjusted data showed 454,695 people were officially unemployed.Unemployment impacted women more than men, at the rates of 12.6% and 7.2%, resp...Reuters
Jan 3, 2025
