News
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Fed Vice Chair Jefferson: Slow approach to cuts makes sense as policy rate approaches neutral
Jefferson sees policy stance as 'still somewhat restrictive'He calls benchmark policy rate 'closer to neutral level'He cites potential lack of government data at December meetingBy Howard SchneiderWASHINGTON, Nov 7 (Reuters) - The Fed should "proceed slowly" in approving furt...Reuters
Fri, Nov 7
USD/CNH: Likely to lead to a lower range of 7.1170/7.1280 – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1170/7.1280. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 7
US employment report will not be published again as government shutdown drags on
Government shutdown causes unprecedented economic data blackoutWorries growing that October employment report might not be publishedWhite House has already warned October CPI report could be scrappedBy Lucia Mutikani WASHINGTON, Nov 7 (Reuters) - The U.S. Labor Department on Friday will not publi...Reuters
Fri, Nov 7
Fed in economic data hunt turns to the tried-and-true and also the new
Fed uses surveys and private data to supplement missing federal reportsTech, data scraping offers "directional" proxy for absent jobs, inflation data Interviews could play larger role as well as shutdown continuesBy Howard Schneider WASHINGTON, Nov 7 (Reuters) - Two weeks before the U.S. ...Reuters
Fri, Nov 7
Gen Z shoppers can't get enough of perfumes. Coty, Estee are benefiting
By Anuja Bharat Mistry Nov 7 (Reuters) - Fragrances have become a staple for Gen Z shoppers, the fastest-growing buyer category globally, and beauty heavyweights are here for the trend.Once dismissed as a luxury indulgence, scents are now a go-to for young consumers seeking to express their style...Reuters
Fri, Nov 7
China confirms suspension of rare earth export measures announced in October
China confirms on Friday that it will suspend the measures relating to curbs on rare earth exports that were announced on October 9. And, they also reaffirm that this suspension is part of the trade truce agreement with Washington that was agreed recently.Fxstreet
Fri, Nov 7
DeepSeek researcher pessimistic over AI's impact in startup's first public appearance since success
DeepSeek makes first public appearance in almost a yearCompany has kept low profile since global breakout in JanuaryResearcher spoke at Chinese government-organized conferenceChen expresses concern at AI's negative impact on jobs and societyBy Liam Mo and Brenda Goh WUZHEN, China, Nov 7 (Reut...Reuters
Fri, Nov 7
Fed's Williams: Fed may soon need to expand balance sheet for liquidity needs
NY Fed's Williams says Fed may have to rebuild liquidity soonCould consider shortening duration toward more neutral settingWilliams notes asset buying is technical, not signal of monetary policyWilliams says rate control toolkit has been working wellBy Michael S. Derby NEW YORK, Nov 7 (Reuter...Reuters
Fri, Nov 7
Taiwan October exports log biggest growth in nearly 16 years on strong AI demand
Exports to US +144.3% y/y (prior month +51.6%)Exports to China +3.2% y/y (prior month +12.8%)November exports seen up 35%-40% y/y -ministry2025 exports seen up 30% y/y at $600 bln -ministry Uncertainty of policy changes, geopolitical risks need monitoring, ministry saysBy Faith Hung and Emily ChanTA...Reuters
Fri, Nov 7
German exports rise more than expected in September on US increase
German exports rose 1.4% in September, beating forecastsExports to the US up by 11.9% after five months of declineImports from China rose 6.1%, while exports to China fell 2.2%By Maria Martinez BERLIN, Nov 7 (Reuters) - German exports rose more than expected in September as exports to the United ...Reuters
Fri, Nov 7
