News
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US manufacturing mired in weakness; AI spending boom helps some factories
WASHINGTON, Sept 2 (Reuters) - U.S. manufacturing contracted for a sixth straight month in August as factories continued to grapple with the impact of import tariffs, but an artificial intelligence spending boom is lending support to some segments of the industry. The Institute for Supply Management...Reuters
Tue, Sep 2
Canada manufacturing PMI shows continued contraction in August amid some improvement
By Promit Mukherjee OTTAWA, Sept 2 (Reuters) - Canada's manufacturing sector contracted in August, clocking seven monthly reductions in a row, as manufacturers grappled with low export demand due to U.S. tariffs, along with logistical and pricing pressures, data showed on Tuesday.But despite ...Reuters
Tue, Sep 2
Morning News Call - Canada, September 2
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Tue, Sep 2
Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says
GENEVA, Sept 2 (Reuters) - The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the past 80 years, the Director-General of the World Trade Organization told Reuters on Tuesday. "We're experien...Reuters
Tue, Sep 2
Brazil economy expands 0.4% in second quarter
BRASILIA, Sept 2 (Reuters) - Brazil's economy expanded 0.4% in the second quarter from the previous three months, statistics agency IBGE said on Tuesday, beating economists' forecasts in a Reuters poll of 0.3% growth.Year-on-year, Latin America's largest economy grew 2.2%, matching the i...Reuters
Tue, Sep 2
Retailer and farmer groups ask India to shun Amazon's plea to ease investment rules
By Arpan Chaturvedi NEW DELHI, Sept 2 (Reuters) - Groups backing millions of small Indian retailers have urged the government to shun Amazon's request to ease strict foreign investment rules for exports, a letter shows, as opposition to a contentious policy change grows.India currently prohi...Reuters
Tue, Sep 2
Europe's Gas storage facilities are filling up – Scotiabank
Europe's Gas storage facilities are filling up: they are now more than 77% full, reducing the gap to the usual filling level (based on the 5-year average) to 8.4 percentage points, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Sep 2
Euro zone inflation edges up in August, pointing to steady ECB rates for now
Euro area inflation at 2.1% vs 2.0% in AugustCore inflation slows but above expectationsECB seen on hold in September but rate cut debate will simmerBy Balazs Koranyi FRANKFURT, Sept 2 (Reuters) - Euro zone inflation edged up a touch in August, staying close to the ECB's 2% target and likely ...Reuters
Tue, Sep 2
China: Exports likely slowed in August – Standard Chartered
Official manufacturing PMI inched up to 49.4 in August, staying below 50 for five straight months. Export growth likely edged down due to fading front-loading effect and emerging tariff impact. Base effects likely dragged CPI into negative territory; PPI deflation may have eased significantly.Fxstreet
Tue, Sep 2
