News
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EUR/GBP holds positive ground above 0.8700 as France’s Macron unveils new government
The EUR/GBP cross trades with mild gains near 0.8705 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid concerns over potential tax increases in the upcoming Autumn Budget.
Fxstreet
Mon, Oct 13
EUR/JPY holds gains near 176.50 due to weakening safe-haven demand
EUR/JPY recovers its losses registered in the previous session, trading around 176.50 during the Asian hours on Monday. The currency cross appreciates as the Japanese Yen (JPY) struggles amid dampening safe-haven demand, driven by easing US-China trade tensions.
Fxstreet
Mon, Oct 13
China's car sales pick up speed in 'Golden September'
China's Sept car sales +6.6% y/y vs +4.9% y/y in AugDealers, consumers take advantage of trade-in incentivesBYD domestic market share drops to 14%, vs 18% in Sept 2024Geely, Leapmotor, Xpeng and Xiaomi post record salesTesla China sales dip 0.9%, third month of decline BEIJING, Oct 13 (Reuter...Reuters
Mon, Oct 13
Economists see stronger US growth, but weak job gains and stickier inflation
Tariffs a drag, but offset by other factorsBusiness investment seen strongJob growth tepid, inflation at 2.5% through 2026By Howard SchneiderWASHINGTON, Oct 13 (Reuters) - Surging business investment is expected to offset weaker growth in consumption and global trade and keep the U.S. economy growin...Reuters
Mon, Oct 13
When is the China Trade Balance and how could it affect AUD/USD?
The General Administration of Customs will publish its data for August on Monday at 03.00 GMT. Trade balance is expected to narrow to $98.96B in September, compared to $102.33B in the previous reading. Exports are expected to climb by 6.0%, while Imports are projected to rise by 1.5%.Fxstreet
Mon, Oct 13
UK's Reeves plans to build bigger budget buffer - Telegraph
LONDON, Oct 12 (Reuters) - British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month's budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported. Reeves said in her March spring statement...Reuters
Sun, Oct 12
UK's Reeves plans to build bigger budget buffer - Telegraph
LONDON, Oct 12 (Reuters) - British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month's budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported. Reeves said in her March spring statement...Reuters
Sun, Oct 12
Back to the future as France's Macron reappoints Lecornu as PM
Macron reappoints last PM to resolve political crisisHard left and far right angered by choiceCrisis denting economic growth, central bank chief warnsBy Elizabeth Pineau PARIS, Oct 10 (Reuters) - French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Frida...Reuters
Fri, Oct 10
Fed should 'tread with caution' on rate cuts, Musalem says
Musalem open to 'potential' rate cut as insurance against labor market weaknessHe says inflation, not job market, is restraining lower-income households' spendingControlling inflation key to supporting spending, Musalem saysBy Ann Saphir Oct 10 (Reuters) - St. Louis Federal Reserve Pr...Reuters
Fri, Oct 10
US to publish CPI report for annual Social Security cost-of-living adjustment
September CPI report includes COLA for coming year Shutdown delays other economic data collection and processingEconomists warn of volatility in October CPI due to missing dataFed expected to cut interest rates later this monthBy Lucia Mutikani WASHINGTON, Oct 10 (Reuters) - The U.S. Bureau of La...Reuters
Fri, Oct 10
TREASURIES-US yields tumble after Trump's China tariff threats
Trump's tariff threats cause stock selloff, bond yields dropFed officials open to possible interest rate cutsConsumer sentiment survey shows slight decline WASHINGTON, Oct 10 (Reuters) - U.S. Treasury yields fell to multi-week lows on Friday as investors moved to a safe haven following Pr...Reuters
Fri, Oct 10
What to Watch in the Week Ahead and on Monday, October 13
ON MONDAY Philadelphia Fed President Anna Paulson is expected to speak on the economic outlook before the National Association for Business Economics 67th Annual Meeting, "Global Economy in Transition: Finding Opportunity Amid Disruption" (1255/1655). REST OF THE WEEK As th...Reuters
Fri, Oct 10
Fed can address job market weakness with normal-sized rate cuts, Waller tells CNBC
Waller says private data consistent in showing weak job marketHe says deep rate cuts a risk given potential for GDP to reboundFed expected to cut rates by 25 basis points later this monthBy Howard Schneider WASHINGTON, Oct 10 (Reuters) - Federal Reserve Governor Christopher Waller said on Friday ...Reuters
Fri, Oct 10
