News
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Fed's Waller: Weak job market justifies rate cut in December
Federal Reserve (Fed) Governor Christopher Waller said that the US central bank should cut the interest rates when policymakers meet in December, Bloomberg reported late Monday. Waller added that he’s grown concerned over the labor market and the sharp slowdown in hiring.Fxstreet
Tue, Nov 18
Trump talks up economy in meeting with McDonald's owners, operators
Trump met McDonald's execs amid inflation concernsPresident plans rallies in battleground states in coming monthsTrump reverses tariffs on 200+ imported food itemsFirms say inflation impacts lower- and middle-income earners mostBy Andrea Shalal, Steve Holland and Trevor Hunnicutt WASHINGTON, ...Reuters
Tue, Nov 18
Bank of England boosts deposit guarantee for savers to 120,000 pounds
By Phoebe Seers LONDON, Nov 18 (Reuters) - British savers will have up to 120,000 pounds ($158,000) of their money protected in the event of a bank failure, the Bank of England said on Tuesday after increasing the deposit guarantee limit by 40%.The current Financial Services Compensation Scheme ...Reuters
Tue, Nov 18
Japan’s PM Takaichi eyes tax cuts to spur investment
Japanese Prime Minister Sanae Takaichi will launch tax-reform talks this week, aiming to cut certain taxes to stimulate investment and consumption while raising others and eliminating breaks to fill the fiscal hole, Nikkei Asia reported late Monday.
Fxstreet
Mon, Nov 17
Peru says new US tariff exemption includes about 100 food products
LIMA, Nov 17 (Reuters) - Peru's Foreign Trade and Tourism Minister Teresa Mera said on Monday that a new U.S. tariff exemption includes more than 100 products from the Andean country's agricultural export basket that were worth about $1.2 billion last year. U.S. President Donald Trump last w...Reuters
Mon, Nov 17
Fed's Waller says weak job market justifies rate cut in December
Waller urges Fed to consider job market risksWaller estimates inflation excluding tariffs near Fed's targetFed's internal divide on rate cuts could affect policy expectationsBy David Milliken and Howard Schneider LONDON, Nov 17 (Reuters) - U.S. firms have begun talking more frequently abo...Reuters
Mon, Nov 17
Japan government panel member Kataoka calls for $149 billion stimulus package
Govt can issue 10 trln yen in new bonds to fund packageBOJ should wait until March or April in raising ratesRecent yen falls rapid, excessive weakness undesirableGovt should issue bonds to fund spending on educationBy Leika Kihara and Yoshifumi Takemoto TOKYO, Nov 17 (Reuters) - Japan must compil...Reuters
Mon, Nov 17
Lawyer for Fed's Cook offers up detailed defense in mortgage fraud case
Cook's lawyer defends against mortgage fraud accusationsSupreme Court has so far blocked Trump's attempt to fire CookPulte accused of targeting Trump's political enemies selectivelyBy Sarah N. LynchWASHINGTON, Nov 17 (Reuters) - Federal Reserve Governor Lisa Cook’s lawyer on Monday offer...Reuters
Mon, Nov 17
Fed's Waller says weak job market justifies rate cut in December
By Howard Schneider WASHINGTON, Nov 17 (Reuters) - The data available during the recent U.S. government shutdown shows the job market near stall speed, with state unemployment claims rising slightly, layoff numbers increasing, and no evidence of building wage pressures, facts that warrant another...Reuters
Mon, Nov 17
TREASURIES-Yields dip with AI growth concerns, Fed in focus
Fed rate cut probability drops to 40% amid hawkish commentaryAI financing concerns impact investment-grade credit marketsDelayed jobs report affects economic strength assessmentBy Karen Brettell NEW YORK, Nov 17 (Reuters) - U.S. Treasury yields edged lower on Monday as traders evaluated whether t...Reuters
Mon, Nov 17
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
