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WRAPUP 1-Fed's Musalem sees no imminent need to change monetary policy stance
St. Louis Fed chief says policy likely on hold for some timeMusalem cautions against looking through energy shockCleveland Fed says headline price pressures heating upBy Michael S. Derby and David Lawder WASHINGTON, April 1 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on W...Reuters
14 hours ago
US mortgage rates jump to 6.57%, highest since August, MBA says
Mortgage rates have risen almost half a percentage point since Iran war startIncrease in home borrowing costs hurts housing affordability for new buyersOil down, Treasury yields up as Trump says he wants to end Iran warBy Ann SaphirApril 1 (Reuters) - The interest rate on the most popular U.S. home ...Reuters
14 hours ago
WRAPUP 2-US retail sales strong in February; rising gasoline prices will hurt spending
Retail sales increase 0.6% in FebruaryCore retail sales gain 0.5%; large tax refunds anchor spendingManufacturing expands in March, but supplier delivery performance deterioratesBy Lucia Mutikani WASHINGTON, April 1 (Reuters) - U.S. retail sales increased by the most in seven months in February a...Reuters
15 hours ago
Tesla March car registrations soar in key European markets, showing changing trend
Tesla March sales up 203% in France and 178% in NorwaySales also rise in the Netherlands, Italy, other marketsEV makers set to benefit from rising petrol prices By Alessandro Parodi, Louise Rasmussen and Gilles Guillaume April 1 (Reuters) - New registrations of Tesla TSLA.O cars tripled in France...Reuters
15 hours ago
Tesla sales in Portugal fall 1.7% in March
April 1 (Reuters) - Tesla's TSLA.O new car registrations in Portugal fell 1.7% in March from a year ago to 1,189 units, while overall fully-electric car sales rose 24% to 6,704, the country's automobile industry association ACAP said on Wednesday.In the January-March period, Tesla sales rose...Reuters
15 hours ago
Italy new car registrations up 7.6% in March
ROME, April 1 (Reuters) - New car registrations in Italy rose in March by 7.6% year-on-year to 185,367 vehicles, transport ministry data showed on Wednesday.In January-March, registrations were up by 9.2% year-on-year, to 484,802 units. Italian market leader Stellantis STLAM.MI, whose brands include...Reuters
16 hours ago
Tesla new car sales in Italy up 32% year-on-year in March
MILAN, April 1 (Reuters) - Tesla's TSLA.O new car registrations in Italy rose 32% year-on-year in March, data from the Italian transport ministry showed on Tuesday.The U.S. electric vehicles maker sold 2,920 cars in Italy last month, accounting for a market share of around 1.6%.In the first thre...Reuters
16 hours ago
US crude stocks rise to near 3-year high, fuel inventories fall on record high exports, EIA
By Liz Hampton and Georgina McCartneyDENVER, April 1 (Reuters) - U.S. crude stocks rose to their highest level since June 2023 last year, while fuel inventories fell last week as international demand picked up, driving product exports to a record high, the Energy Information Administration said on W...Reuters
16 hours ago
TREASURIES-US bonds retreat as strong data cements Fed rate-cut pause
ISM manufacturing PMI hits highest level since August 2022Prices-paid index jumps to 78.3, highest since June 2022, amid supply chain issuesUS rate futures shift from pricing hikes to modest easingTrump says US will end war in IranBy Gertrude Chavez-Dreyfuss NEW YORK, April 1 (Reuters) - U.S....Reuters
16 hours ago
Major brokerages expect ECB rate hikes, delayed BoE cuts as inflation risks rise
April 1 (Reuters) - Global brokerages are increasingly betting the European Central Bank could raise rates as early as April, while pushing back rate-cut expectations for the Bank of England, after policymakers warned the U.S.-Israeli war on Iran is stoking inflation risks.J.P. Morgan said on Wednes...Reuters
16 hours ago
Mexico analysts raise forecast for 2026 inflation
MEXICO CITY, April 1 (Reuters) - Private sector analysts polled by Mexico's central bank expect slightly higher inflation at the end of this year and next compared to the previous month's poll, the bank said on Wednesday.They now expect headline inflation to wrap up this year at 4.21%, up fr...Reuters
17 hours ago
Norges Bank: Market repricing and inflation risks – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that Norges Bank has shifted to a more hawkish stance as Norwegian inflation proves sticky. January and February CPI data surprised on the upside, prompting markets to move from expecting rate cuts to pricing in further tightening.
Fxstreet
17 hours ago
Cleveland Fed data shows war impacting headline inflation data
By Michael S. DerbyNEW YORK, April 1 (Reuters) - The Middle East war that’s driven a sharp rise in energy prices and roiled critical supply chains appears on track to hit headline inflation, with a smaller impact on underlying price pressures, the Federal Reserve Bank of Cleveland said in updated da...Reuters
17 hours ago
St Louis Fed's Musalem says US economy better able to handle oil price spike than 2022
WASHINGTON, April 1 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Wednesday that policymakers need to stay vigilant on oil and commodity supply shocks from the Iran war even though the U.S. economy is better positioned to handle them than during the 2022 Ukraine war...Reuters
17 hours ago
US crude stocks rise, gasoline and distillate inventories fall - EIA
DENVER, April 1 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 5.5 million barrels to 461.6 million barrels in the week ended March 27, the EIA said, compared with analysts...Reuters
17 hours ago
Oil: Price shock impact on US growth – Commerzbank
Commerzbank economists Bernd Weidensteiner and Christoph Balz assess how the recent surge in Brent and WTI prices affects the US economy. They stress that the United States is structurally less vulnerable than in the 1970s thanks to lower oil intensity and higher domestic production.Fxstreet
17 hours ago
