News
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Canada's services PMI shows sector downturn gathering pace in January
By Fergal Smith TORONTO, Feb 4 (Reuters) - The downturn in Canada's services economy deepened in January as trade uncertainty contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday.The headline Business Activity Index fell to 45...Reuters
Wed, Feb 4
Tesla UK sales plunge in January as Chinese rivals race ahead, New Automotive data shows
Feb 4 (Reuters) - Tesla TSLA.O sold less than half the number of battery-electric vehicles recorded by Chinese rival BYD in the UK last month, data from New Automotive showed on Wednesday, pointing to mounting competitive pressures on the U.S. automaker.UK car sales of Tesla plunged more than 57% ov...Reuters
Wed, Feb 4
ECB can continue to stand still – Nordea
Inflation in the Euro-area has decreased to 1.7% y/y in January, while core inflation remains stable at 2.2%. ECB is expected to maintain its current policy stance due to the calm inflation outlook, despite some uncertainty from volatile energy prices.Fxstreet
Wed, Feb 4
S&P500: Market resilience continues – Deutsche Bank
Deutsche Bank Research Team highlights a recurring market pattern in 2026 characterized by sharp sell-offs followed by rapid recoveries. Despite various causes for these sell-offs, they have not resulted in lasting damage, with the S&P 500 showing resilience.Fxstreet
Wed, Feb 4
US private payrolls increase modestly in January, ADP says
WASHINGTON, Feb 4 (Reuters) - U.S. private payrolls increased less than expected in January, the ADP's national employment report showed on Wednesday.Private employment rose by 22,000 jobs last month after a downwardly revised 37,000 increase in December. Economists polled by Reuters had forecas...Reuters
Wed, Feb 4
EXCLUSIVE-Russia's budget deficit may almost triple this year as oil revenues decline
Energy revenues slump as oil discounts and rouble strength biteFiscal reserves face rapid depletion without policy adjustmentBudget assumptions strain under war and sanctions MOSCOW, Feb 4 (Reuters) - Russia's public deficit could balloon to almost triple the official target by end-2026 as a...Reuters
Wed, Feb 4
IDEX forecast full year profit below estimates as industrial demand stays weak
Feb 4 (Reuters) - IDEX Corp IEX.N on Wednesday forecast 2026 profit below Wall Street estimates, weighed down by poor demand for industrial equipment.Large industrial customers have been slow to place orders as they navigate a shifting trade environment, hurting companies like IDEX, whose end-market...Reuters
Wed, Feb 4
USD: Employment data expected to miss – TD Securities
TD Securities' Global Strategy Team provides insights on upcoming US employment data, predicting below-consensus estimates for both ADP employment and ISM services. The report highlights a potential modest bull steepening on ADP as markets await the delayed NFP report.Fxstreet
Wed, Feb 4
Tesla's China-made EV sales extend gains despite industry slowdown
Tesla's China-made EV sales rise despite weak domestic demandChina's EV sales and exports grow by 1% year-on-year in JanuaryBYD reports 30% decline in global sales due to revised subsidy scheme BEIJING, Feb 4 (Reuters) - Tesla TSLA.O's China-made electric vehicle sales rose for a thir...Reuters
Wed, Feb 4
UK economy gathers pace at start of 2026 but cost burdens persist, PMI shows
By Suban Abdulla LONDON, Feb 4 (Reuters) - Activity in Britain's services sector grew strongly in January and confidence rose, a survey showed on Wednesday, but firms also reported a jump in their prices, a potential concern for the Bank of England before its interest rate decision this week....Reuters
Wed, Feb 4
