News
Important Only
Mexico's economy contracts 0.6% y/y in September, preliminary estimate shows
MEXICO CITY, Oct 21 (Reuters) - Mexico's economy likely shrank 0.6% in September from a year earlier, a preliminary estimate from national statistics agency INEGI showed on Tuesday.Compared with the previous month, activity was likely up 0.1%, the agency added.Reuters
Tue, Oct 21
Morning News Call - Canada, October 21
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 CPI Inflati...Reuters
Tue, Oct 21
Fitch expects South Africa to set 3% inflation target in November
By Colleen Goko JOHANNESBURG, Oct 21 (Reuters) - Fitch Ratings expects South Africa to announce a revised 3% inflation target during November's medium-term budget policy statement (MTBPS), a senior analyst said on Tuesday.Central bank Governor Lesetja Kganyago said earlier in October that the...Reuters
Tue, Oct 21
Swiss exports to US surge in September as pharma shipments rise ahead of tariff threat
ZURICH, Oct 21 (Reuters) - Swiss exports to the United States rebounded sharply in September, with pharmaceutical companies ramping up their shipments to get ahead of potential U.S. tariffs, government data showed on Tuesday.Total nominal Swiss exports to the United States leapt by nearly 43% last m...Reuters
Tue, Oct 21
Pultegroup Q3 profit falls on weaker margins amid slowing home sales
Oct 21 (Reuters) - Homebuilder Pultegroup PHM.N on Tuesday posted a 16% fall in third-quarter profit as buyer incentives squeezed home sales margins amid high interest rates and persistent inflation.U.S. builders have leaned on mortgage-rate buydowns and smaller homes to keep deals moving, a strateg...Reuters
Tue, Oct 21
Fed to cut Federal Funds rate by 25 bps to 3.75%-4.00% range on October 29 – Reuters
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points (bps) to 3.75%-4.00% in the monetary policy announcement on October 29.Fxstreet
Tue, Oct 21
PulteGroup's Q3 home sale revenue falls 2%
OverviewPulteGroup Q3 home sale rev decreases 2% yr/yr to $4.2 blnNet income for Q3 falls to $586 mln from $698 mln last yearCompany repurchased 2.4 mln common shares for $300 mln in the quarterOutlookCompany monitoring buyer demand affected by consumer confidence and affordability challengesResult ...Reuters
Tue, Oct 21
3M raises 2025 profit forecast
Oct 21 - Industrial giant 3M MMM.N raised its annual profit forecast on Tuesday, driven by its cost-cutting measures and a strategic shift toward high-margin products.The company expects full-year 2025 adjusted profit to be between $7.95 and $8.05 per share, compared with its previous forecast of $7...Reuters
Tue, Oct 21
Stellantis In September 2025 +11.5% EU 30 Passenger Car Sales
Oct 21 (Reuters) - Stellantis NV STLAM.MI:+11,5% IN SEPTEMBER 2025 EU 30 PASSENGER CAR SALESIN Q3 2025 PASSENGER CAR SALES GREW BY +4.4% Y/Y, REACHING 422.000 IN TOTALOVERALL MARKET SHARE IN Q3 REACHED 15.4% ACROSS EU COUNTRIES, WITH SALES OF 549,000 UNITS OF PASSENGER CARS, LIGHT COMMERCIAL VEHICLE...Reuters
Tue, Oct 21
USD/CNH: Likely trade between 7.1190 and 7.1300 – UOB Group
US Dollar (USD) could trade in a range, likely between 7.1190 and 7.1300. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Oct 21
Taiwan September export orders sharply beats forecasts on strong AI demand
Export orders +30.5% y/y vs +17.8% Reuters poll forecastOrders from China +11.6% y/y vs -0.7% in prior monthMinistry sees 2025 full-year order value hitting recordMinistry sees October orders between +23.7% and +27.3% y/yMinistry cautious about outlook on US trade policy, geopolitical risksBy Faith ...Reuters
Tue, Oct 21
Swiss exports to US surge in September as pharma shipments rise
ZURICH, Oct 21 (Reuters) - Swiss exports to the United States rebounded sharply in September, with pharmaceutical companies ramping up their shipments ahead of the introduction of U.S. tariffs, government data showed on Tuesday.Total nominal Swiss exports to the United States leapt by nearly 43% las...Reuters
Tue, Oct 21
