News
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U.S. consumers spent $11.8 billion on Black Friday, says Adobe Analytics
Nov 29 (Reuters) - American shoppers spent a record $11.8 billion online on Black Friday, up 9.1% from last year, final data from Adobe Analytics showed.Adobe Analytics expects shoppers to spend $5.5 billion on Saturday and $5.9 billion on Sunday, up 3.8% year-over-year and 5.4% year-over-year respe...Reuters
Sat, Nov 29
Black Friday consumers go online, rather than stand in line
Overall online spending on Thanksgiving up 5.3% to $6.4 billion, Adobe saysRetailers face challenge as consumer spending intentions declineBlack Friday's role diluted by extended online promotionsLabor market concerns make shoppers more selectiveBy Jessica DiNapoli, Rich McKay and Siddharth Cava...Reuters
Sat, Nov 29
US Commerce Department pushed for control of Swiss investment in trade talks, sources say
Switzerland, US struck preliminary trade deal on November 14US Commerce chief Lutnick sought US control over Swiss investment, sources saySwiss business leader says demand was rejectedBy Dave Graham ZURICH, Nov 28 (Reuters) - The U.S. Commerce Department pressed Switzerland during recent trade ta...Reuters
Fri, Nov 28
Bund yields rise but head for weekly drop, gap with US Treasuries narrows
US Treasury-Bund gap narrowsECB still seen firmly on hold after data, accountBTP-Bund spread hits fresh 15-year lowBy Stefano Rebaudo Nov 28 (Reuters) - Euro zone benchmark bond yields rose slightly on Friday, but were set for a second straight modest weekly decline as traders stuck to their expe...Reuters
Fri, Nov 28
FACTBOX-Schedule for US economic data delayed by government shutdown
Nov 28 (Reuters) - The statistical agencies responsible for publishing data about the U.S. economy have begun updating release schedules following the reporting lapse that occurred during the recent federal government shutdown.Following are the latest release dates for data that was missed during th...Reuters
Fri, Nov 28
Germany's Merz urges EU to ease 2035 combustion engine ban
Coalition agrees exemptions should be made to EU rulesEU commission to present updated plans on December 10German carmakers want flexibility in face of slow EV uptakeEnvironmental lobby criticises bid to weaken targetBy Sarah Marsh and Rachel More BERLIN, Nov 28 (Reuters) - German Chancellor Frie...Reuters
Fri, Nov 28
Platinum hits $1,650, highest in over a month – Commerzbank
Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Nov 28
German inflation rises more than expected; labour market, retail sales weak
German jobless rate unchanged at 6.3%, labour demand slowsInflation steady in key states of Europe's largest economyRetail sales fall 0.3%, weak growth expected for holiday seasonBy Maria Martinez BERLIN, Nov 28 (Reuters) - German inflation accelerated more than expected in November, reaching...Reuters
Fri, Nov 28
India posts fastest growth in six quarters, cushions against trade strains
India's growth driven by consumer spending, export front-loadingGovernment sees demand, easing inflation to support growthManufacturing output up 9.1%, private consumption rose 7.9%By Nikunj Ohri and Manoj Kumar NEW DELHI, Nov 28 (Reuters) - India's economy grew at its fastest pace in...Reuters
Fri, Nov 28
Germany annual CPI inflation stays unchanged at 2.3% in November
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 2.3% in November's preliminary estimate, Germany's Federal Statistical Office reported on Friday. This reading came in below the market expectation of 2.4%.Fxstreet
Fri, Nov 28
Europe: Markets shrug off risks amid fiscal challenges and diplomatic shifts – Rabobank
According to Rabobank, European markets have shown remarkable resilience this week, shrugging off France's fiscal woes and the European Commission's Excessive Deficit Procedure for eight countries.Fxstreet
Fri, Nov 28
German inflation rises more than expected to 2.6% in November
BERLIN, Nov 28 (Reuters) - German inflation rose more than expected, to 2.6% year on year in November, preliminary data from the federal statistics office showed on Friday. Analysts polled by Reuters had forecast EU-harmonised inflation nudging up to 2.4% from last month's 2.3%.Reuters
Fri, Nov 28
