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US monthly budget deficit falls as Trump tariffs boost customs receipts
WASHINGTON, June 11 (Reuters) - The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump's steep new import tariffs, the Treasury Department said on ...Reuters
Wed, Jun 11
Mexican financial system stable and solid, says cenbank chief
MEXICO CITY, June 11 (Reuters) - The Mexican financial system maintains a solid and resilient position, with levels of capital and liquidity that exceed regulatory minimums, the Bank of Mexico said on Wednesday in its biannual financial stability report.Reuters
Wed, Jun 11
CORRECTED-US monthly budget deficit falls to $316 billion as tariffs boost customs receipts
WASHINGTON, June 11 (Reuters) - The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump's steep new import tariffs, the Treasury Department said on ...Reuters
Wed, Jun 11
US Treasury Secretary Bessent: The US will set a global duty level for de minimis imports
United States (US) Treasury Secretary Scott Bessent hit the newswires on Wednesday, giving his thoughts on the US debt ceiling, and also teased around the idea of the Trump administration introducing a "de minimis" tariff level, which would see US companies find some breathing room on tariffs up toFxstreet
Wed, Jun 11
UK's Reeves sets out over 2 trillion pounds of spending to revive government
Government under pressure to boost growth - and poll ratingsReeves unveils more spending on defence, nuclear power, housingAll government departments to make 5% efficiency savingsForeign aid and interior ministry face biggest cutsBy David Milliken and Elizabeth Piper LONDON, June 10 (Reuters) - B...Reuters
Wed, Jun 11
Trump says Fed should lower rates by 'one full point'
Trump calls on Fed to cut rates againTrump's call follows release of CPI dataFed officials on track to hold rates steady at next week's policy meetingBy Michael S. Derby June 11 (Reuters) - U.S. President Donald Trump reiterated his call for the Federal Reserve to push through...Reuters
Wed, Jun 11
Euro zone yields lower after US data
By Stefano Rebaudo and Linda Pasquini June 11 (Reuters) - Euro zone government bond yields reversed course to trade lower on Wednesday after cooler-than-expected U.S. consumer inflation data and as investors assessed progress in talks to ease U.S.-China trade tensions. President Donald Trump said...Reuters
Wed, Jun 11
IMF, Serbia reach staff-level agreement on 36-month deal
BELGRADE, June 11 (Reuters) - The International Monetary Fund (IMF) and Serbia have reached staff-level agreement on the first review under a 36-month arrangement to help support economic reforms, the fund said in a statement on Wednesday.The so-called Policy Coordination Instrument (PCI) was signed...Reuters
Wed, Jun 11
US crude stocks fall, gasoline and distillate inventories rise as refining activity increases, EIA says
Crude stocks fell by 3.6 million barrels, exceeding analysts' expectationsGasoline and distillate inventories rose more than expected, EIA reportsRefinery crude runs increased, utilization rates reached 94.3%By Liz HamptonJune 11 (Reuters) - U.S. crude stocks fell last week as refining activity ...Reuters
Wed, Jun 11
EXCLUSIVE-Reckitt talks exclusively to Advent on Essential Home sale, sources say
By Amy-Jo Crowley and Andres Gonzalez LONDON, June 11 (Reuters) - Britain's Reckitt RKT.L is talking exclusively to private equity firm Advent International over a sale of the consumer goods group's Essential Home business, two sources with direct knowledge of the matter told Reuters. Rec...Reuters
Wed, Jun 11
Gold faces short-term selling – TDS
Despite mounting short-term pressure in Gold futures, algorithmic traders may only briefly trim positions before re-accumulating, with broader participation metrics suggesting a potential local bottom in prices, analysts say, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Wed, Jun 11
US crude stocks fall, gasoline and distillate inventories rise - EIA
U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending June 6, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.6 million barrels to 432.4 million barrels in the week, the EIA said, compared with analysts' expectations in a Reu...Reuters
Wed, Jun 11
Trump says Fed should lower rates by 'one full point'
June 11 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his view that the Federal Reserve should cut interest rates by one percentage point, saying the latest inflation figures were "great.""CPI just out. Great numbers! Fed should lower one full point. Would pay much less...Reuters
Wed, Jun 11
Fed seen on track to start cutting rates by September
June 11 (Reuters) - Cooler-than-expected U.S. inflation last month deepened conviction in financial markets on Wednesday that the Federal Reserve will start cutting interest rates by September and deliver a second reduction by the end of this year.A U.S. government report showed the Consumer Price I...Reuters
Wed, Jun 11
Mexico's central bank may pause rate cuts, deputy governor Heath says
MEXICO CITY, June 11 (Reuters) - Mexico's central bank may pause cuts to its benchmark interest rate in the face of an inflationary rebound, deputy governor Jonathan Heath said in an interview with local newspaper El Economista published on Wednesday. Mexico's annual inflation rate accelerat...Reuters
Wed, Jun 11
INSTANT VIEW-US consumer prices rise moderately in May
NEW YORK, June 10 (Reuters) - U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods.The consumer price index CPI increased 0.1% last month after rising 0.2% in April, the Labor Depar...Reuters
Wed, Jun 11
