News
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Fed's Standing Repo Facility hits record high as policy meeting outcome looms
By Michael S. Derby NEW YORK, Oct 29 (Reuters) - The Federal Reserve's Standing Repo Facility on Wednesday recorded the highest level of usage since its launch in 2021, as central bankers are widely expected to announce an end to their balance sheet drawdown.Eligible financial firms took slig...Reuters
Wed, Oct 29
Bank of Canada signals likely end to rate cuts, but keeps options open
BoC reduces benchmark rate by 25 basis points to 2.25%Reduces economic growth outlook for this year and nextProjects annualized growth of 0.5% in Q3 and 1% in Q4The bank estimated inflation to average 2% over the yearBy Promit Mukherjee and David LjunggrenOTTAWA, Oct 29 (Reuters) - The Bank of Canad...Reuters
Wed, Oct 29
US crude stocks drop as imports hit 4-1/2-year low, EIA says
By Georgina McCartney and Liz Hampton HOUSTON/DENVER, Oct 29 - U.S. oil stocks fell last week after crude imports dwindled to their lowest level since February 2021, the Energy Information Administration said on Wednesday.Crude inventories dropped by 6.86 million barrels to 416 million barrels in...Reuters
Wed, Oct 29
TREASURIES-US yields marginally higher as markets await Fed guidance on rate cuts
Investors look for Fed comments on potential end of quantitative tighteningExit from QT is bullish for Treasuries, pushing yields lowerUS rate futures pricing cut in December and three more in 2026US 2/10 yield curve bear steepensBy Gertrude Chavez-Dreyfuss NEW YORK, Oct 29 (Reuters) - U.S. Treas...Reuters
Wed, Oct 29
Silver slide mirrors Gold as liquidity, not demand, drives moves – TDS
The decline in Silver prices is sharply linked to that seen in Gold, raising questions as to whether this is truly associated with our Silverflood thesis or whether it is simply a function of a consolidation in precious, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Wed, Oct 29
US crude stocks, gasoline and distillate inventories fall, EIA
HOUSTON, Oct 29 - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 6.86 million barrels to 416 million barrels in the week ended October 24, the EIA said, compared with analysts' expectations ...Reuters
Wed, Oct 29
GBP weak and underperforming – Scotiabank
The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies with a break of its mid-October low and a push to levels last (briefly) seen in early August, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Oct 29
US pending home sales unexpectedly flat in September despite lower mortgage rates
WASHINGTON, Oct 29 (Reuters) - Contracts to purchase previously owned U.S. homes were unexpectedly unchanged in September, likely as worries about the labor market kept prospective buyers on the sidelines despite declining mortgage rates.The flat reading in pending home sales last month, which was r...Reuters
Wed, Oct 29
Bank of Canada trims key interest rate, hints at end to cuts
By Promit Mukherjee and David LjunggrenOTTAWA, Oct 29 (Reuters) - The Bank of Canada reduced its key overnight interest rate to 2.25% on Wednesday, as widely expected, and signaled this could mark an end to its cutting cycle unless the outlook for inflation and economy changed.The 25 basis point cut...Reuters
Wed, Oct 29
French lawmakers adopt tax hikes on global firms amid volatile budget talks
PARIS, Oct 29 (Reuters) - French lawmakers approved two surprise tax hikes on multinational companies late on Tuesday, defying Prime Minister Sebastien Lecornu's government and injecting fresh uncertainty into negotiations over next year's budget bill. The amendments, which were both pas...Reuters
Wed, Oct 29
Brazil bank loans rise 1.1% in September, annual growth eases
BRASILIA, Oct 29 (Reuters) - Bank lending in Brazil grew at a faster pace in September than in the previous month, but its 12-month expansion continued to slow amid tight borrowing conditions, central bank data showed on Wednesday. Outstanding loans rose 1.1% in September from August to 6.8 trillion...Reuters
Wed, Oct 29
Key US mortgage rate drops to 13-month low, industry group says
Oct 29 (Reuters) - The interest rate on the most popular U.S. home loan dropped last week to a 13-month low after a key reading of inflation came in lower than expected, cementing expectations for another Federal Reserve interest-rate cut.The Mortgage Bankers Association said on Wednesday the contra...Reuters
Wed, Oct 29
