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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
Tesla's German car sales fall by a fifth in November
Dec 3 (Reuters) - Tesla's TSLA.O sales volume in Germany tumbled by a fifth in November from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 1,763 cars in Germany in November, down by 20....Reuters
Wed, Dec 3
ECB’s Lane: Monetary policy should remains steady unless there is large deviation
European Central Bank (ECB) executive board member and Chief Economist Philip Lane said during the European trading session that monetary policy adjustments are required only if there is a large and persistent deviation in economic data.Fxstreet
Wed, Dec 3
China: November PMIs point to further slowdown – ABN AMRO
November PMIs point to further weakening of growth momentum. Both manufacturing PMIs in contraction territory, divergence narrows. Services and composite PMIs also came down. More targeted support expected to safeguard GDP growth in 2026, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.Fxstreet
Wed, Dec 3
Toronto home sales hit five-month low in November
By Fergal SmithTORONTO, Dec 3 (Reuters) - Greater Toronto Area home sales fell to a five-month low in November and prices declined as an uncertain economic outlook kept homebuyers on the sidelines, Toronto Regional Real Estate Board data showed on Wednesday.Seasonally adjusted sales declined 0.6% la...Reuters
Wed, Dec 3
UK services firms report slower growth, more job cuts in lead up to budget, PMI shows
By Suban Abdulla LONDON, Dec 3 (Reuters) - Growth among Britain's services firms declined last month and employment contracted the most since February in the run-up to the government's budget, according to a survey on Wednesday that also showed the first drop in new orders in four months....Reuters
Wed, Dec 3
