News
Important Only
AXA Investment Managers sells UK bonds after tax U-turn, others still favour gilts
AXA Investment Managers sells UK bondsInvestors say abandoning income tax hike dents credibilityOther investors say gilts still attractiveBy Yoruk Bahceli LONDON, Nov 17 (Reuters) - AXA Investment Managers halved its exposure to UK bonds in some portfolios on Friday following news that the govern...Reuters
Mon, Nov 17
Euro zone yields edge down, markets price in 25% chance of 2026 ECB rate cut
Bund yields hold at levels last seen at start of US shutdownUS data in focus, but it will take time to assess economyMarkets consolidate higher-for-longer view on ECB ratesEuro area spread tightening may be over, says FTI strategistBy Stefano Rebaudo Nov 17 (Reuters) - Euro area benchmark Bund y...Reuters
Mon, Nov 17
PREVIEW-Home Depot, Lowe's earnings to gauge recovery in home-improvement spending
By Savyata Mishra Nov 17 (Reuters) - Home Depot HD.N and Lowe's LOW.N are set to post modest sales gains when they report quarterly results this week, giving investors a read on whether the outlook is improving or consumer caution is still holding back renovation and do-it-yourself spending....Reuters
Mon, Nov 17
Canada's Carney faces crucial vote on budget that could trigger election
OTTAWA, Nov 17 (Reuters) - Canadian Prime Minister Mark Carney faces a crucial test on Monday when Parliament votes on his first budget, where a defeat could trigger a second federal election in less than a year.Carney's Liberals are a handful of seats short of a majority in the 343-seat House o...Reuters
Mon, Nov 17
Fed's Jefferson: Labor market sluggish due to uncertainty around policy, AI
WASHINGTON, Nov 17 (Reuters) - The U.S. labor market is in a "sluggish" state with firms hesitant to hire amid broad shifts in economic policy and interest in how artificial intelligence might be a substitute for new hiring, Fed vice chair Philip Jefferson said on Monday."We have a labor...Reuters
Mon, Nov 17
US construction spending rebounds in August
WASHINGTON, Nov 17 (Reuters) - U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding.The Commerce Department's Census Bureau said on Monday that construction spending increased 0.2%...Reuters
Mon, Nov 17
Fed’s Jefferson: Upside risks to inflation have likely declined
Federal Reserve (Fed) Governor Philip Jefferson spoke on Monday about the economic outlook and monetary policy at an event hosted by the Federal Reserve Bank of Kansas City. He said that they need to proceed slowly as monetary policy approaches the neutral rate.Fxstreet
Mon, Nov 17
LIVE MARKETS-Mapping markets: what comes next after the selloff?
US equity indexes mixed; Nasdaq up ~0.5%, Dow dipsEuro STOXX 600 index off ~0.3%Dollar, bitcoin gain; gold, crude edge lowerUS 10-Year Treasury yield slips to ~4.14%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at marke...Reuters
Mon, Nov 17
PRESS DIGEST-Canada - Nov 17
Nov 17 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILCanadian home sales have now increased for six of the past seven months, as declining interest rates and cheaper mort...Reuters
Mon, Nov 17
Fed needs to move slowly with further rate cuts, Jefferson says
By Howard Schneider WASHINGTON, Nov 17 (Reuters) - Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflatio...Reuters
Mon, Nov 17
LIVE MARKETS-Flexibility or necessity? The gig economy’s growing role in tough times
US equity index futures modestly red; Nasdaq 100 off ~0.2%Euro STOXX 600 index off ~0.8%Dollar, crude, bitcoin gain; gold slipsUS 10-Year Treasury yield edges down to ~4.13%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us ...Reuters
Mon, Nov 17
Forward-looking supervision key for stability of Swiss financial centre, says regulator
BERLIN, Nov 17 (Reuters) - The CEO of Swiss finance regulator FINMA on Monday said that forward-looking supervision remains essential to ensuring Switzerland remains a stable and credible financial centre."Forward-looking, risk-based supervision also remains essential to ensure the stability and...Reuters
Mon, Nov 17
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.4038 to the greenback, or 71.24 U.S. cents, after trading in a range of 1.4017 to 1.404.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Mon, Nov 17
LIVE MARKETS-S&P 500 index and the resilience of its 50-DMA
US equity index futures modestly red; Nasdaq 100 off ~0.2%Euro STOXX 600 index off ~0.7%Dollar, crude, bitcoin gain; gold slipsUS 10-Year Treasury yield edges down to ~4.14%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us ...Reuters
Mon, Nov 17
AXA Investment Managers sells UK bonds after tax U-turn
By Yoruk Bahceli LONDON, Nov 17 (Reuters) - AXA Investment Managers halved its exposure to UK bonds in some of its portfolios on Friday following news that the government has no plans to raise income tax, a senior fund manager told Reuters on Monday.Britain's government borrowing costs jumped...Reuters
Mon, Nov 17
White House adviser Hassett says there have been mixed signals in job market
Nov 17 (Reuters) - White House economic adviser Kevin Hassett on Monday said there have been mixed signals in the job market, and that the labor market could be slowing down. "I think that there have been mixed signals in the job market and really, really positive signals in the output marke...Reuters
Mon, Nov 17
Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says
By Jan StrupczewskiBRUSSELS, Nov 17 (Reuters) - The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the rise too because of defence spending, the European Commission said on Monday.The EU executive ...Reuters
Mon, Nov 17
