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Brazil's industrial output falls for second straight month in May
SAO PAULO, July 2 (Reuters) - Industrial production in Brazil fell for the second consecutive month in May, data from the statistics agency IBGE showed on Wednesday, as Latin America's largest economy provides signs of a slowdown amid stiflingly high interest rates.Output was down 0.5% in May fr...Reuters
Wed, Jul 2
US crude and gasoline inventories rise on lower exports, demand, EIA says
By Liz Hampton and Laila KearneyDENVER, July 2 (Reuters) - U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday.Crude inventories rose by 3.8 million barrels to 419 million barrels i...Reuters
Wed, Jul 2
US crude stocks and gasoline inventories rise, distillate inventories fall - EIA
DENVER, July 2 (Reuters) - U.S. crude stocks and gasoline inventories rose while distillate inventories fell in the week ending June 27, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.8 million barrels to 419 million barrels last week, the EIA said, compared with...Reuters
Wed, Jul 2
WRAPUP 1-US private payrolls post first drop in more than two years; layoffs still low
Private payrolls drop 33,000 in JuneADP historically is poor predictor of official nonfarm payrollsChallenger report shows sharp drop in layoffsBy Lucia Mutikani WASHINGTON, July 2 (Reuters) - U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty ham...Reuters
Wed, Jul 2
Canada factory PMI falls in June as firms slash production
By Fergal SmithTORONTO, July 2 (Reuters) - The downturn in Canada's manufacturing sector deepened in June as U.S. tariffs undercut demand, spurring the sharpest cut to output in five years, data on Wednesday showed.The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) edge...Reuters
Wed, Jul 2
TREASURIES -US two-year yields dip after surprise drop in private-sector jobs
By Gertrude Chavez-Dreyfuss NEW YORK, July 2 (Reuters) - U.S. Treasury two-year yields slipped on Wednesday after data showed an unexpected drop in private-sector jobs last month, cementing the chances of a rate cut from the Federal Reserve at least at the September meeting.U.S. two-year yields, ...Reuters
Wed, Jul 2
TREASURIES -US two-year yields turn lower after drop in private sector jobs
NEW YORK, July 2 (Reuters) - U.S. Treasury two-year yields turned lower on Wednesday after data showed an unexpected drop in private sector jobs last month, raising the chances of a rate cut from the Federal Reserve at the July meeting.U.S. two-year yields, which track interest rate expectations, fe...Reuters
Wed, Jul 2
US private payrolls unexpectedly decrease in June; layoffs remain low
WASHINGTON, July 2 (Reuters) - U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than initially thought, the ADP National Employment Report showed on Wednesday.Private payrolls dropped by 33,000 jobs last month after a downwardly revised 29,000 increase in...Reuters
Wed, Jul 2
Kenya looks to privatise state assets to draw private-sector investments, says President Ruto
LONDON, July 2 (Reuters) - Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. The government plans to start with listing the Kenya Pipelin...Reuters
Wed, Jul 2
BoE's Taylor warns soft landing for UK economy at risk, sees more rate cuts
By Suban Abdulla and Andy BruceLONDON, July 2 (Reuters) - Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain's economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather than four."Previously, I had seen...Reuters
Wed, Jul 2
Kenya looks to IPO state assets to draw private-sector investments, says President Ruto
LONDON, July 2 (Reuters) - Kenya is earmarking state assets for initial public offering in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. The government plans to start with listing the Kenya Pipeline Company via an ...Reuters
Wed, Jul 2
Morning News Call - Canada, July 2
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Wed, Jul 2
ECB should keep rates at 2% unless new shocks hit, IMF says
SINTRA, Portugal, July 2 (Reuters) - The European Central Bank should keep its deposit rate at the current 2% level unless new shocks materially change the inflation outlook, Alfred Kammer, head of the IMF's European Department, said on Wednesday.The ECB has cut rates by two percentage points si...Reuters
Wed, Jul 2
