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Lagarde speech: Eurozone growth supported by household spending, labour market
In her introductory statement before the European Parliament’s Committee on Economic and Monetary Affairs (ECON), European Central Bank (ECB) President Christine Lagarde said the Eurozone economy should gain support from improving household spending and a resilient labour market.Fxstreet
Wed, Dec 3
US import prices unexpectedly flat in September
WASHINGTON, Dec 3 (Reuters) - U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products.The flat reading in import prices reported by the Labor Department's Bureau of Labor Statistics on Wednesda...Reuters
Wed, Dec 3
Freeport LNG's Texas export plant to take in more natural gas on Wednesday, data shows
NEW YORK, Dec 3 (Reuters) - U.S. liquefied natural gas (LNG) company Freeport LNG's export plant in Texas was on track to take in more natural gas on Wednesday in a sign that one of the plant's three liquefaction trains has returned to service after shutting on Tuesday, LSEG data and regulat...Reuters
Wed, Dec 3
TREASURIES-US yields drop after unexpected decline in private sector jobs
NEW YORK, Dec 3 (Reuters) - U.S. Treasury yields fell after data showed a surprise decrease in private sector payrolls in November, adding to worries about labor market weakness and cementing expectations of a rate cut by the Federal Reserve next month.The benchmark 10-year yield slid 3.4 basis poin...Reuters
Wed, Dec 3
US private payrolls unexpectedly decrease in November, ADP says
WASHINGTON, Dec 3 (Reuters) - U.S. private payrolls unexpectedly declined in November, the ADP employment report showed on Wednesday. Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 increase in October. Economists polled by Reuters had forecast private ...Reuters
Wed, Dec 3
TRY: Istanbul CPI suggests moderation ahead of national inflation data – Commerzbank
Istanbul’s November CPI fell to 38.3% y/y from 40.8% in October, signaling potential moderation in today’s national CPI figures, with consensus forecasts pointing to a decline in Turkey’s headline inflation from 32.9% to 31.7% y/y. 1.
Fxstreet
Wed, Dec 3
SNB expected to avoid negative rates despite inflation downturn
ZURICH, Dec 3 (Reuters) - The Swiss National Bank will stick to its 0% interest policy next week and well into 2026 rather than opting for negative rates, economists said on Wednesday, despite inflation slipping below expectations to the bottom end of the SNB's target range.Swi...Reuters
Wed, Dec 3
Russia's Sberbank seeks to boost imports, labour migration from India after Putin's visit
Putin starts visit to India on ThursdayRussia and India target $100 billion in bilateral tradeIndian imports mostly bought using rupees Indian migrant workers in high demand in RussiaBy Gleb Bryanski and Elena Fabrichnaya MOSCOW, Dec 3 (Reuters) - Russia's largest bank Sberbank is working to ...Reuters
Wed, Dec 3
Tesla's German car sales fall by a fifth in November
Dec 3 (Reuters) - The number of newly registered cars from Chinese electric vehicle manufacturer BYD 002594.SZ surpassed that from Tesla TSLA.O in November, the German road traffic agency KBA said on Wednesday. KBA said Tesla sold 1,763 cars in Germany in November, 20.2% less than a year ago. T...Reuters
Wed, Dec 3
