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Fed’s Daly:Still have inflation above target, need to get it down.
Federal Reserve Bank of San Francisco President Mary Daly participated in a moderated discussion at the Forum Club of the Palm Beaches in Florida on Monday, in which she remarked that she supported the rate cut and that the Labor market has softened quite a bit.Fxstreet
Mon, Nov 3
Tesla new car sales in Italy down for sixth straight month in October
MILAN, Nov 3 (Reuters) - Tesla's TSLA.O new car registrations in Italy fell for a sixth month running in October, posting a 47% year-on-year drop, data from the Italian transport ministry showed on Monday.The U.S. electric vehicles maker sold 256 cars in Italy last month, accounting for a market...Reuters
Mon, Nov 3
Tesla sales in Portugal slump 59% in October
Nov 3 (Reuters) - Tesla's TSLA.O new car registrations in Portugal fell 58.7% in October from a year ago to 144 units, the country's automobile industry association ACAP said on Monday.In the January-October period, Tesla sales fell 21.4% to 5,953 units, it said.Reuters
Mon, Nov 3
Euro zone yields little changed, ECB pricing steady
Investors watching trade developmentsECB rate pricing 'stuck' after US-China truceTraders price in about 50% chance of another rate cut in 2026French budget in focus after lawmakers reject tax on ultra-richBy Stefano Rebaudo Nov 3 (Reuters) - Euro zone government bond yields were climbing...Reuters
Mon, Nov 3
Fed's Goolsbee is on fence about need to cut rates in December
Goolsbee undecided on December rate cut amid high inflationFed Chair Powell warns rate cut not guaranteed in DecemberGoolsbee cautious due to unclear economic data from government shutdownBy Michael S. DerbyNov 3 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday he...Reuters
Mon, Nov 3
TREASURIES-Yields mixed amid shutdown data fog, post-Fed rate cut doubts
Fed rate cut doubts persist amid economic uncertaintyGovernment shutdown disrupts key economic data flowTech companies' bond issuance may compete with government borrowingBy Davide Barbuscia NEW YORK, Nov 3 (Reuters) - U.S. Treasury yields were mixed in early trade on Monday, with the market ...Reuters
Mon, Nov 3
Big manufacturing economies struggle as US tariffs hit order books
Euro zone factory activity stagnated in OctoberAsia's manufacturing hit by weak U.S. demand, Trump's tariffsChina's economy loses momentum, PMIs show slower growthBy Jonathan Cable and Sam Holmes LONDON, Nov 3 (Reuters) - The world's big manufacturing economies struggled to fire u...Reuters
Mon, Nov 3
Remittances to Mexico dip 2.7% in September, its sixth straight fall
MEXICO CITY, Nov 3 (Reuters) - Remittances to Mexico shrunk 2.7% from a year earlier in September, the nation's central bank said on Monday, totaling $5.21 billion.September marked the sixth straight month of year-on-year declines in Mexico's remittances, contrasting with sharp increases rep...Reuters
Mon, Nov 3
Fed's Goolsbee is on fence about need to cut rates in December
Nov 3 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said Monday he's in no hurry to cut interest rates again with inflation still running at overly high levels. Citing the central bank's next rate-setting meeting, Goolsbee said in a Yahoo Finance interview that "I...Reuters
Mon, Nov 3
Remittances to Mexico dip 2.7% in September, its sixth straight fall
MEXICO CITY, Nov 3 (Reuters) - Remittances to Mexico shrunk 2.7% year-over-year in September, the nation's central bank said on Monday, totaling $5.21 billion.September marked the sixth straight month of year-on-year declines in Mexico's remittances, contrasting with sharp increases reported...Reuters
Mon, Nov 3
US ISM Manufacturing PMI declines to 48.7 in October vs. 49.5 expected
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September.Fxstreet
Mon, Nov 3
Ford's US October sales rise on demand for pickup trucks despite EV decline
Nov 3 (Reuters) - Ford F.N on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.U.S. President Donald Trump's tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a tempora...Reuters
Mon, Nov 3
US manufacturing contracts further in October; supplier delivery times lengthen
Manufacturing PMI declines to 48.7 in OctoberNew orders, exports and employment measures remain subduedPace of increase for inputs slows, may bode well for inflationBy Lucia Mutikani WASHINGTON, Nov 3 (Reuters) - U.S. manufacturing contracted for an eighth straight month in October as new orders ...Reuters
Mon, Nov 3
Canadian manufacturing PMI rises to nine-month high in October
By Fergal Smith TORONTO, Nov 3 (Reuters) - The downturn in Canada's manufacturing sector eased in October as output and new orders, which have been held back by trade uncertainty, declined at a slower pace, data showed on Monday.The S&P Global Canada Manufacturing Purchasing Managers'...Reuters
Mon, Nov 3
