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US Pres. Trump: Concluded a very good phone call with President Xi of China
United States (US) President Donald Trump said on Truth Social on Thursday that he had a "very good phone call" with Chinese President Xi Jinping, during which they discussed the intricacies of the trade deal.Fxstreet
Thu, Jun 5
TREASURIES-US yields slip after data as trade talks eyed
Yields fall after jobless claims, productivity dataTrump-Xi phone talks boost market sentimentTwo-year yield tests 50-day moving averageBy Chuck Mikolajczak NEW YORK, June 5 (Reuters) - U.S. Treasury yields were slightly lower on Thursday in a choppy session, as a drop after a round of economic d...Reuters
Thu, Jun 5
How EU takes bigger defence role is main Europe-US issue, Costa says
Costa emphasizes EU need for increased defence responsibilityTrade disputes seen as distraction from defence issuesEU should coordinate spending for collective defence, Costa saysBy Jan StrupczewskiBRUSSELS, June 5 (Reuters) - The main issue in relations between the European Union and the United Sta...Reuters
Thu, Jun 5
Canada's Ivey PMI shows activity contracting for a second straight month in May
TORONTO, June 5 (Reuters) - Canadian economic activity contracted for a second straight month in May even as a measure of employment increased, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index edged up to 48.9 last month from 47.9 in April. A reading below 5...Reuters
Thu, Jun 5
Canada's April trade deficit widens to historic high as tariffs cripple exports
April trade deficit at C$7.1 billion as exports drop 10.8%Record deficit driven by plunge in U.S. exportsU.S. exports drop 15.7%, third monthly decline in a rowExports to the rest of the world, barring U.S., up 2.9% By Promit Mukherjee OTTAWA, June 5 (Reuters) - Canada's trade deficit in Apri...Reuters
Thu, Jun 5
US trade deficit narrows sharply in April; imports post record drop
Imports decrease by record 16.3%, exports hit all-time highTrade deficit contraction may boost GDP, depends on inventoriesImport front-loading ahead of tariffs probably not over, economists sayWASHINGTON, June 5 (Reuters) - The U.S. trade deficit narrowed sharply in April, with imports decreasing by...Reuters
Thu, Jun 5
Euro zone bond yields rise as ECB signals rate cuts nearly done
By Linda Pasquini and Samuel Indyk June 5 (Reuters) - Euro zone bond yields turned higher on Thursday after European Central Bank chief Christine Lagarde hinted that the easing cycle could be coming to an end, after its eighth rate cut since June last year. The ECB lowered its deposit rat...Reuters
Thu, Jun 5
Euro zone bond yields stay lower after ECB rate cut
By Linda Pasquini and Samuel Indyk June 5 (Reuters) - Euro zone bond yields were lower on Thursday after the European Central Bank cut its main interest rates and lowered its growth and inflation projections, but kept options open for its next meeting in July. The ECB lowered its deposit rate...Reuters
Thu, Jun 5
TEXT-Lagarde's statement after ECB policy meeting
June 5 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250605~f00a36ef2b...Reuters
Thu, Jun 5
US worker productivity slumps in first quarter
WASHINGTON, June 5 (Reuters) - U.S. worker productivity dropped at a faster pace than initially thought in the first quarter, driving labor costs sharply higher at a time when businesses are already facing rising costs from tariffs on imported goods.Nonfarm productivity, which measures hourly output...Reuters
Thu, Jun 5
US President Trump and Chinese President Xi hold phone call – Xinhua
According to Xinhua news agency, United States (USD) President Donald Trump and Chinese President Xi Jinping held a phone call on Trump's request to engage in discussions and reflect ongoing diplomatic communication amidst tensions.
Fxstreet
Thu, Jun 5
US weekly jobless claims rise for second straight week
WASHINGTON, June 5 (Reuters) - The number of Americans filing new applications for unemployment benefits last week increased for a second straight week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs.Initial claims for state unemployment benefits rose 8,0...Reuters
Thu, Jun 5
US weekly Initial Jobless Claims rise to 247K vs. 235K expected
There were 247,000 initial jobless claims in the week ending May 31, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure followed the previous week's print of 239,000 (revised from 240,000) and came in worse than the market expectation of 235,000.Fxstreet
Thu, Jun 5
