News
Important Only
POLL-Mexico's annual inflation likely accelerated in May, exceeding central bank target
MEXICO CITY, June 6 (Reuters) - Mexico's annual inflation likely accelerated in May to above the official target, a Reuters poll showed on Friday, complicating the central bank's efforts to keep cutting its key rate amid a weakening economy.The median forecast from 10 analysts showed a rate ...Reuters
Fri, Jun 6
TREASURIES-US yields rise as May's job gains beat estimates
Employers add 139,000 jobs in MayBoth 2-year and 10-year Treasury yields highest in a weekTraders pare bets on September rate cutBy Karen Brettell June 6 (Reuters) - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, indicatin...Reuters
Fri, Jun 6
Fed likely to leave rates unchanged as US job market cools but doesn't crumble
Fed in wait-and-see mode with unemployment rate steady at 4.2%Financial markets bet Fed delivers two interest rate cuts in 2025Trump urges Fed to cut rates by a full percentage pointFed's Harker tells CNBC jobs report solid: 'I was pleased with it' By Ann Saphir June 6 (Reuters) - Fed...Reuters
Fri, Jun 6
Fed's Harker says May jobs data was solid, in CNBC interview
NEW YORK, June 6 - Federal Reserve Bank of Philadelphia President Patrick Harker said on Friday that May hiring data released earlier in the day looked good to him.The May jobs data “was a solid report and I was pleased with it,” Harker said in an interview with CNBC. He reiterated that now is a tim...Reuters
Fri, Jun 6
ANALYSIS-Shaken by crises, Switzerland fetters UBS's global dream
New rules for UBS follow banking crises in 2008 and 2023Higher capital burden expected to weigh on global expansionProposed measures face long parliamentary processBy Ariane Luthi and John O'Donnell BERN, June 6 (Reuters) - Switzerland announced reforms on Friday to make its biggest bank UBS ...Reuters
Fri, Jun 6
Fed's Harker says rate cuts this year still possible, amid data quality worries
Fed's Harker says rate cuts still possible but outlook uncertainHarker is worried data critical to economic policy is getting degradedHarker is set to retire from Philadelphia Fed at month's end By Michael S. Derby June 6 (Reuters) - As he heads toward retirement at month’s end, Philadelp...Reuters
Fri, Jun 6
WRAPUP 4-US job growth slows as tariff uncertainty leaves businesses in limbo
Nonfarm payrolls increase by 139,000 in MayPayrolls count for March, April lowered by 95,000 Unemployment rate steady as people leave labor force By Lucia Mutikani WASHINGTON, June 6 (Reuters) - U.S. job growth slowed in May amid uncertainty about the Trump administration's import tariffs, bu...Reuters
Fri, Jun 6
Fed's Harker says rate cuts this year still possible, amid data quality worries
Fed's Harker says rate cuts still possible but outlook uncertainHarker is worried data critical to economic policy is getting degradedHarker is set to retire from Philadelphia Fed at month's end By Michael S. Derby June 6 (Reuters) - As he heads toward retirement at month’s end, Philadelp...Reuters
Fri, Jun 6
Fed should cut interest rate by a full point, Trump says
Trump criticizes Powell for being too late with rate cutsFed expected to leave rates steady amid tariff and inflation concernsMarkets expect a quarter-point Fed rate cut in SeptemberJune 6 (Reuters) - The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Tru...Reuters
Fri, Jun 6
Short-dated euro zone yields set for biggest weekly rise since March
By Linda Pasquini and Amanda Cooper June 6 (Reuters) - Euro zone bond yields headed for their largest weekly rise since March after the European Central Bank signalled it may be nearing the end of rate cuts and U.S. data suggested the world's largest economy was still creating jobs at a stead...Reuters
Fri, Jun 6
REFILE-INSTANT VIEW-Canada unemployment rises to 7% in May
TORONTO, June 6 - Canada's unemployment rate in May rose to its highest level in almost nine years at 7%, up from 6.9% in April, data showed on Friday.Canada added 8,800 jobs in the month. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/daily-quotidien/250606/dq250606a-eng...Reuters
Fri, Jun 6
TREASURIES-US yields rise as May's job gains beat estimates
By Karen Brettell June 6 (Reuters) - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, indicating that the labor market remains solid despite concerns that it will weaken.Employers added 139,000 jobs last month, above estimat...Reuters
Fri, Jun 6
Russian central bank delivers surprise rate cut, first since 2022
Turning point after extended tightening cycleGrowth and inflation both slowing downFood inflation remains highCentral bank more confident in rouble stabilityBy Elena Fabrichnaya and Gleb Bryanski MOSCOW, June 6 (Reuters) - The Russian central bank cut its key interest rate by a full percentag...Reuters
Fri, Jun 6
Canada's May unemployment rate at multi-year high
Unemployment rate ticks up to 7% in May from 6.9% in AprilTotal number of job additions at 8,800 Average hourly wage growth of permanent employees at 3.5%Economists say job report not bad amid tariffs in effectBy Promit MukherjeeOTTAWA, June 6 (Reuters) - Canada's unemployment rate in May jumped...Reuters
Fri, Jun 6
Canada's May unemployment rate at multi-year high
Unemployment rate ticks up to 7% in May from 6.9% in AprilTotal number of job additions at 8,800 Average hourly wage growth of permanent employees at 3.5%By Promit MukherjeeOTTAWA, June 6 (Reuters) - Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding th...Reuters
Fri, Jun 6
Germany's Merz eyes car tariff offsetting mechanism after Trump talks
BERLIN, June 6 (Reuters) - German Chancellor Friedrich Merz said on Friday that he would pursue a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles exported to the United States.Speaking at an event in Berlin just hours a...Reuters
Fri, Jun 6
