News
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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
Brazil's jobless rate falls to record low in quarter through October
SAO PAULO, Nov 28 (Reuters) - Brazil's jobless rate hit an all-time low in the three months through October, data from statistics agency IBGE showed on Friday, coming in below market expectations despite high interest rates. Unemployment in Latin America's largest economy stood at 5.4...Reuters
Fri, Nov 28
World's biggest jeweller Pandora braces for fierce Black Friday competition
By Helen Reid LONDON, Nov 28 (Reuters) - Pandora, the world's biggest jewellery brand by volume, expects fierce competition this Black Friday as retailers fight to lure shoppers with discounts at a time of weak consumer confidence, its chief commercial officer said on Friday.Black Friday typi...Reuters
Fri, Nov 28
RPT-EXPLAINER-What are shoppers looking for this Black Friday?
By Neil J Kanatt and Chandni Shah Nov 26 (Reuters) - Retailers in the U.S. are gearing up for Black Friday, the day after Thanksgiving, which kicks off the holiday shopping season that typically account for a third of U.S. retailers' annual profits. WHY IS IT CALLED 'BLACK' FRIDAY...Reuters
Fri, Nov 28
USD/CNH: Likely to consolidate within a range of 7.0680/7.0880 – UOB Group
US Dollar (USD) is likely to consolidate within a range of 7.0680/7.0880. In the longer run, downward momentum remains strong; if USD breaks below 7.0600, the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 28
Brazil's public sector gross debt rises to 78.6% of GDP in October
SAO PAULO, Nov 28 (Reuters) - Brazil's public sector gross debt hit 78.6% of gross domestic product in October, up from 78.1% the month before, central bank data showed on Friday.The public sector recorded a primary surplus of 32.39 billion reais ($6.05 billion) for the month. Economists polled ...Reuters
Fri, Nov 28
