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TREASURIES-Yields mixed as traders evaluate data, Warsh's Fed impact
Traders await delayed US economic data amid government shutdownADP report shows weaker-than-expected Jan private payroll growth Markets uncertain about Warsh's potential policies and their impactBy Karen Brettell NEW YORK, Feb 4 (Reuters) - U.S. Treasury yields were mixed on Wednesday as trad...Reuters
Wed, Feb 4
Bessent says he has no opinion on Trump authority to fire Fed officials over policy disputes
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday he has no opinion on whether the president has a constitutional authority to fire a Federal Reserve chair or board member because of a monetary policy disagreement, but he considers the central bank an independent ...Reuters
Wed, Feb 4
WRAPUP 2-US services sector steady in January, supply constraints from AI data centers feared
Services sector PMI holds steady at 53.8 in JanuaryNew order growth slows as exports slumpTariffs, uncertainty dominate commentary from businessesPrivate payrolls increase 22,000 in January, well below expectations By Lucia Mutikani WASHINGTON, Feb 4 (Reuters) - The U.S. services sector held ste...Reuters
Wed, Feb 4
China: Consumption growth outlook – Standard Chartered
Standard Chartered's report, authored by Carol Liao, Senior Economist and Moriarty Lam, Research Analyst, highlights that China's household consumption is likely underestimated due to unaccounted government transfers and strong RMB purchasing power.Fxstreet
Wed, Feb 4
JGB: Fiscal concerns may be overplayed – TD Securities
In their latest report, TD Securities analysts Prashant Newnaha and Alex Loo argue that fears surrounding Japan's fiscal outlook are exaggerated. They highlight that Japan's Gross Debt to GDP ratio is misleading due to significant government assets.Fxstreet
Wed, Feb 4
Romania to target budget deficit of 6.2% of GDP, PM says
BUCHAREST, Feb 4 (Reuters) - Romania will target a budget deficit of around 6.2% of economic output this year, compared with 2025's 7.7%, Prime Minister Ilie Bolojan said on Wednesday, adding that the new draft budget will be sent to parliament around February 20.Bolojan said inflation was expec...Reuters
Wed, Feb 4
US January employment report will be published next Wednesday, BLS says
WASHINGTON, Feb 4 (Reuters) - The U.S. Bureau of Labor Statistics said on Wednesday January's employment report will be released next Wednesday after being delayed by the recently ended three-day government shutdown.It said the Consumer Price Index report for January will now be published next F...Reuters
Wed, Feb 4
US crude and distillate stocks fell, gasoline rose last week, EIA says
By Shariq Khan, Laila Kearney and Nicole JaoNEW YORK, Feb 4 (Reuters) - U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ended January 30 as a winter storm gripped large swathes of the country, the Energy Information Administration said on Wednesday.Crude...Reuters
Wed, Feb 4
Eurozone: Inflation undershoots ahead of ECB meeting – ABN AMRO
The preliminary estimate for January Eurozone HICP inflation eased to 1.7% y/y, down from 1.9% in December, aligning with expectations. Core inflation also fell to 2.2% y/y. The ECB is expected to keep interest rates unchanged amid concerns about inflation undershooting its target.Fxstreet
Wed, Feb 4
Euro zone bond yields dip as inflation eases before ECB
Euro zone inflation drops to lowest since September 2024ECB expected to keep rates unchanged despite inflation dropGerman 10-year yield down 2 bpsBy Samuel Indyk LONDON, Feb 4 (Reuters) - Euro zone government bond yields inched lower on Wednesday after bloc-wide inflation data showed an easing of...Reuters
Wed, Feb 4
TREASURIES-Yields edge up as traders evaluate data, Warsh's Fed impact
Traders await delayed US economic data amid government shutdownADP report shows weaker-than-expected Jan private payroll growth Warsh's potential Fed policies create market uncertaintyBy Karen Brettell NEW YORK, Feb 4 (Reuters) - U.S. Treasury yields edged higher on Wednesday as traders waite...Reuters
Wed, Feb 4
US crude oil and distillate inventories fell last week, gasoline rose, EIA says
NEW YORK, Feb 4 (Reuters) - U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending January 30, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.5 million barrels to 420.3 million barrels last week, the EIA said, compare...Reuters
Wed, Feb 4
Cummins India's quarterly profit rises on lower expenses
Feb 4 (Reuters) - Engine maker Cummins India CUMM.NS reported a nearly 6% rise in adjusted quarterly profit on Wednesday, helped by lower expenses despite a drop in revenue from a year ago.The company, a unit of U.S.-based truck engine maker Cummins Inc CMI.N, posted consolidated profit before tax a...Reuters
Wed, Feb 4
Trump's one-year African Growth act extension offers brief but fragile trade reprieve, analysts say
South Africa remains in AGOA but uncertainty remains AGOA extension offers temporary relief but lacks long-term stabilityAfrican nations seek trade diversification beyond US partnershipsBy Colleen Goko JOHANNESBURG, Feb 4 - Washington's one-year extension of its preferential trade programme f...Reuters
Wed, Feb 4
