News
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Mexico forecasts growth bump from public-private investment plan
MEXICO CITY, Feb 3 (Reuters) - Mexico's government outlined a plan on Tuesday to spur 5.6 trillion pesos ($323 billion) in spending on infrastructure and other key areas in public-private partnerships through 2030, which officials said could boost growth above prior estimates as soon as this yea...Reuters
Tue, Feb 3
India–US Trade Deal: Clarity needed – Societe Generale
Societe Generale analyst Kunal Kundu notes that the US will reduce its tariffs on Indian goods to 18% from 50%, while India is expected to eliminate tariffs on US goods. However, India has not confirmed the zero-tariff access or the cessation of Russian oil purchases.Fxstreet
Tue, Feb 3
Germany: Growth recovery expected in 2026 – BNP Paribas
BNP Paribas projects that Germany will experience a return to robust growth in 2026, following a modest recovery in 2025. The report emphasizes that infrastructure spending approved for 2026 will facilitate this growth, despite previous delays.
Fxstreet
Tue, Feb 3
Chief US appeals court judge says district judge likely violated rule barring hostile work environment
By Nate Raymond BOSTON, Feb 3 (Reuters) - The chief judge on the federal appeals court covering New England has found probable cause that a district court judge within the circuit engaged in misconduct by violating a rule prohibiting creating a hostile work environment.Chief U.S. District Judge D...Reuters
Tue, Feb 3
Euro zone bond yields rise as markets eye Fed under Warsh
By Stefano Rebaudo and Lucy Raitano Feb 3 (Reuters) - Euro zone government bond yields rose on Tuesday, taking the lead from U.S. Treasuries as markets assessed how Kevin Warsh, tapped to be the next Federal Reserve chair, could shape the Fed’s policy trajectory.Warsh has called on the central ba...Reuters
Tue, Feb 3
Fed's Barkin says hard to know how long higher productivity will last
Rising productivity aids Fed's inflation fight, but future trends uncertainFed pauses rate cuts, inflation has been above target since 2021Higher productivity key to rate-cut arguments of Warsh and Miran By Howard Schneider COLUMBIA, South Carolina, Feb 3 (Reuters) - Rising productivity is h...Reuters
Tue, Feb 3
TREASURIES-Treasury yields climb on Fed policy speculation under Warsh
Warsh's Fed leadership may lead to balance sheet reductionEconomic data delayed due to partial government shutdownRising productivity aids Fed's inflation battle, says BarkinBy Karen Brettell NEW YORK, Feb 3 (Reuters) - U.S. Treasury yields rose on Tuesday as traders evaluated possible sh...Reuters
Tue, Feb 3
AUD: RBA rate hike signals ongoing tightening – BNY
The Reserve Bank of Australia (RBA) has raised its key interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA's hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon.
Fxstreet
Tue, Feb 3
Fed’s Barkin: Current US government shutdown will only cause a few days of delay
Federal Reserve (Fed) President of the Bank of Richmond Thomas Barkin said on Tuesday that he is still concerned about risks to employment and inflation data and that he hopes the current United States (US) government shutdown will only cause a few days of delay in data.Fxstreet
Tue, Feb 3
Barkin: Producitivity does appear stronger but hard to tell if that will persist
By Howard SchneiderCOLUMBIA, South Carolina, Feb 3 (Reuters) - Rising productivity is helping businesses ease cost pressures, an aid in the U.S. Federal Reserve's inflation fight, but it is difficult to predict if that will persist and therefore hard to know how monetary policy might need to res...Reuters
Tue, Feb 3
CAD: Trading near fair value – Scotiabank
The CAD is holding in a tight range in the upper 1.36s, trading close to its fair value, as noted by Scotiabank's Analyst Team. The report indicates that recent swings in markets have prompted a rebound in the fair value estimate for the CAD, which now stands at 1.3679.Fxstreet
Tue, Feb 3
WW Grainger forecasts annual profit largely below estimates on slow industrial demand
Feb 3 (Reuters) - WW Grainger GWW.N forecast 2026 profit largely below Wall Street estimates on Tuesday amid slow demand for industrial equipment and tools as customers turn cautious in an uncertain economy.A shifting trade environment has made companies hesitant to place orders, weighing on firms s...Reuters
Tue, Feb 3
GBP: Spreads richen across curve – TD Securities
TD Securities Senior European & UK Rates Strategist Pooja Kumra reports that GBP spreads are continuing to richen across the curve, particularly in the belly, with 5-year spreads increasing by nearly 10bps since the start of the year.
Fxstreet
Tue, Feb 3
